Save A Lot Names New CEO

Save A Lot has a new chief executive officer, as Bill Mayo has been named to the discount grocer’s top spot. Currently the company’s chief operating officer, he fills the position being vacated by current CEO Fred Boehler, who is stepping back from day-to-day management.

Mayo joined Save A Lot in March 2024 and was promoted to chief operating officer in October 2024, with oversight of the merchandising, marketing, new business development, sales, and retail operations teams.

Before Save A Lot, he spent 29 years at Wakefern Food Corp. There, Mayo served as chief administrative officer, leading strategic business initiatives that drove significant efficiencies by leveraging analytics of store-level demand management and increasing sales and net gross profit for the company’s international wholesale sales division. Mayo’s experience at Wakefern crossed multiple departments, including logistics, merchandising, operations, technology, procurement, and category management.

“I’m honored to serve alongside our experienced and talented team who work hard every day to deliver outstanding value and quality groceries to neighborhoods across the country,” Mayo said. “I love this brand and what it represents for our retailers and especially our customers. Save A Lot has a unique industry positioning, and we’re poised to deliver a new era of growth.”

“As I step back from daily management of the Save A Lot business, I’m confident that Bill is the right leader to help steer the company through to its next phase of growth,” Boehler said. “Bill has played a key role in resetting the company’s go-forward strategy and reclaiming Save A Lot’s value and retail leadership as both a wholesaler and an operator. I will be thrilled to watch the team’s continued success as the initiatives we’ve launched gain momentum.”