Save A Lot CEO to resign

Kenneth McGrath, CEO of St. Ann-based grocery chain Save A Lot, is resigning.

McGrath in October is slated to become deputy chair of Germany-based Lidl Stiftung & Co. KG, which operates discount grocery chain Lidl. It's a return to Lidl for McGrath, who previously led its entry into the United States.

McGrath "will remain with the company over the next few months, working closely with the board of directors and management team to ensure a smooth and effective transition to his successor," Save A Lot officials said in a statement.

Read more from the St. Louis Business Journal.