Delchamps CEO Resigns Weeks After Lawsuits Over Firings
Apr. 14, 1995
MOBILE, Ala. (AP) _ Randy Delchamps resigned Friday as head of the Delchamps Inc. supermarket chain, two weeks after former executives filed a suit alleging he fired them without cause.
The company said in a statement Delchamps resigned as chairman, president and chief executive to pursue other business interests. The statement made no reference to the lawsuit. Delchamps was unavailable at his home or office for comment.
Roy W. Henderson, former treasurer and vice president of finance; James H. McDonald, the company's former general counsel; and John D. Foshee, who served as vice president in charge of the firm's real estate holdings, filed their suit March 31 in Mobile County Circuit Court.
Two months ago, Delchamps announced a restructuring that led to the executives' dismissals and other cutbacks in mid-level management. The suit by the three former executives alleges financial mismanagement by the former CEO.
Delchamps had worked almost 30 years with company. He became chief executive after his cousin, Fred Delchamps, who had headed the firm since 1976, was killed in a plane crash in 1989.
The company operates 122 stores in Alabama, Mississippi, Louisiana and Florida and employs more than 8,000 people.