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Frank Savage and Mathew Pendo join Supervalu board

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Staff writer | Minneapolis, Minn., USA | April 25, 2014
SupervaluApril 25, 2014, Minneapolis, Minn., USA - Supervalu Inc., a grocery stores chain, announced that Frank A. Savage and Mathew M. Pendo have been elected to the company’s board of directors, effective April 24, 2014.
Mr. Savage is currently a Senior Advisor to Lazard Ltd. and the former Vice Chairman of U.S. Investment Banking at Lazard. Mr. Savage was the Co-Head of Lazard’s Restructuring Group and also served on Lazard’s Deputy Chairman Committee.

Before joining Lazard, he had served as the Co-Head of the Restructuring Practice at BT Alex. Brown Inc. and prior to that as the Head of the Restructuring Group at UBS AG. Mr. Savage holds a degree from the University of Pennsylvania’s Wharton School of Business.

Mr. Pendo is currently a Managing Director at Sandler O’Neill Partners, a boutique investment banking firm focused on the financial services industry. Prior to joining Sandler O’Neill, he served as the Chief Investment Officer for the Troubled Asset Relief Program (“TARP”) at the U.S. Department of the Treasury from November 2010 until March 2013.

Mr. Pendo previously worked as Managing Director Investment Banking at Barclay Capital, where he served as co-head of the Global Industrials Group and the U.S. Investment Banking Group. He currently sits on the Board of Directors of Ally Financial Inc., a bank holding company focused on the auto finance and online banking industries.

Mr. Pendo holds a Bachelor of Arts in Economics from Princeton University and received a Distinguished Service Award from the U.S. Department of Treasury for his work overseeing the Treasury’s TARP investment activities.