Eric Claus

Retail Investment Advisor

From April 2017 to present Eric has been advising retail investment and private equity firms on the US Food sector.

From December 2015 to April 2017, Eric was President and CEO of Save A Lot stores, a hard discount food retail chain of 1,400 corporate and licensed retail stores operating in 37 states and the Caribbean. His mandate and realization was to stabilize the company, market it for sale and oversee the transition to new private equity owners.

Prior to that Eric was a member of the Board of Directors of Rona Inc. a publicly traded Canadian home improvement retailer/wholesaler. Eric was instrumental in spearheading a management change and resurgence of the company’s fortunes. This resulted in a sale of the business to US home improvement giant, Lowes Inc. doubling shareholder value.

Eric also served as Chairman, President and Chief Executive officer of Red Apple Stores Inc., a 153 store, value oriented, general merchandise, food and consumables chain in Canada. Eric led the successful restructuring of the company for its owners, BlackRock Kelso Capital.

Prior to this, he advised private equity firms in Canada and the US on retail and consumer goods related acquisitions.

He also served as President and CEO of The Great Atlantic and Pacific Tea Company (A&P) from 2005 to 2009. Eric joined A&P in 2002 where he served as President and CEO of its highly profitable Canadian division until he moved to the U.S. in 2005, to become president and CEO of the parent company. Eric brought the Canadian company to record profitability and was credited for its sale to Metro Inc. for $1.7 billion, a record multiple. He was also credited with transforming the U.S. company from a banner driven organization to a format driven one, delivering its most consistent top and bottom line improvements in more than a decade.

Prior to joining A&P Eric served as Chief Executive Officer of Co-op Atlantic, an Eastern Canadian retailer, processor and holding group.

Eric is fluent in English, French and German and is also an accomplished aircraft pilot, having served as an Angel Flight and Homeland Security pilot in the U.S.