• Wed. Nov 30th, 2022

Industry mourns the passing of Allegiance President and CEO Daniel Katz

ByStephanie M. Akbar

Nov 9, 2022

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Daniel Katz, president and CEO of Allegiance Retail Services, has passed away, and the company’s board of directors has named Lou Scaduto Jr. as his successor.

Allegiance, based in Iselin, NJ, announced the passing of Katz (left picture) Wednesday. He had been president and chief executive of the grocery retail cooperative since November 2019, succeeding David Maniaci, who left Allegiance to join Wakefern Food Corp.

Along with his brother Noah, Katz was also co-chairman of PSK Operating LLC, a longtime member of the Allegiance and Foodtown organizations, and the owner and operator of 13 supermarkets in New York City under the Foodtown, Freshtown and Pathmark Banners.

Allegiance noted that Daniel Katz led the cooperative through key transformational periods and played a central role in strengthening strategic supply agreements.

“This is a profound loss,” John Derderian, president and chief operating officer of Allegiance Retail Services, said in a statement. “The strength of Dan’s leadership, wisdom and insight can be seen in the confidence with which our co-op members operate. Dan believed in his family — his own, his PSK family and those of our co-op members. He continually looked for ways to strengthen ties and serve the best interests of the co-op.

Louis Scaduto Jr-Allegiance Retail Services-Food Circus Supermarkets.pngScaduto (left picture)chairman of Food Circus Supermarkets, was elected chief executive officer at a special board meeting following Katz’s death, Allegiance reported.

“Dan’s contribution to Allegiance as an operational member, CEO and president can be characterized in one word: outstanding,” said Scaduto. “His commitment and his vision of the cooperative were inspiring.

Allegiance said the Katz family is finalizing details to create a foundation in Daniel Katz’s honor and once the foundation is complete, those wishing to contribute to his memory can find out how to do so on the Allegiance site.

Overall, Allegiance’s retail network includes more than 130 supermarkets in New York, New Jersey and Pennsylvania under Foodtown, Freshtown Marketplace, D’Agostino, Gristedes, Pathmark, LaBella Marketplace, Brooklyn Harvest Market, Market Fresh, Big Deal Food Market, Green Way Markets, Food Basics, and Shop ‘n Bag. The Company’s private brands include Foodtown, Green Way and Rancher’s Legend.

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