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Wegmans Food Markets announced that Danny Wegman has been elevated from president of the family-owned company to chief executive officer. Succeeding him as president is his daughter, Colleen, giving the company a three-generation chain of command.

Robert B. Wegman, 86, remains chairman of the 89-year-old company.
KC's View:
The fact that Wegmans will remain a strong, independent, family company is implicit in this announcement, something that must be applauded by all of us who respect both the company and its contributions to the industry.

And the fact that the company’s number three executive is a woman gives it an added advantage. How many food retailers can make such a boast?