Brunot joins the Virginia Beach,Va.-based company at an annual salary of $500,000 and a target annual bonus of 75 percent of that base. His employment agreement, filed with the SEC, also says he will receive an annual salary of $600,000 and a target maximum bonus of 100 percent of his salary if he is promoted to the position of CEO.
He may also be entitled a $1,250,000 signing bonus that would be comprised payment of $325,000 in cash, stock options valued at $600,000 and restricted stock units valued at $325,000.
Brunot was previously EVP of MDV at SpartanNash Company, a publicly traded food distributor and grocery retailer, since 2013. He joined the company via a merger of Spartan Stores and Nash Finch. He joined Nash Finch in July 2006 as SVP Miliatary. He was SVP, president and COO from February 2009 through March 2012 and EVP through 2013.