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MNB has learned that Shelley Broader, who recently announced her resignation as CEO of Delhaize-owned Sweetbay Supermarkets in Florida, will become the next president/COO of Dallas-based Michaels Stores, which operates more than 900 arts and crafts units in the US and Canada and generates close to $4 billion in annual sales.

In going to Michaels, Broader follows another supermarket industry executive – it was a year ago this week that Brian C. Cornell, Safeway’s executive vice president/chief marketing officer, moved to the chain as its CEO.

KC's View:
Sounds like Michaels is building one hell of an executive team. It is lucky to have people like Cornell and Broader…though I have to admit that I hope that someday they find their way back to the food business, which is diminished for their departure.