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Sherwood to Take Post of A&P; President

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James Wood, chairman and chief executive of Great Atlantic & Pacific Tea Co., will relinquish the title of president to P. Louis Sherwood, the company announced Wednesday.

Sherwood, like Wood, joins the Montvale, N.J.-based supermarket chain from Grand Union Co., another chain based in Elmwood, N.J.

A&P; spokesman Michael Rourke said Wood, 55, “felt the need to bring in a young man who could take on the president’s role.” He added that the position has traditionally been held by someone other than the chairman and chief executive.

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Sherwood, 43, and Wood worked together at Grand Union, a subsidiary of the British firm Cavenham Ltd., when Wood was chairman and chief executive. Wood was hired as chairman and chief executive of A&P; in 1980 and took on the additional title of president after the resignation of David Morrow in 1981.

A&P;, which is 51% owned by Tengelmann Group of West Germany, had revenue of $5 billion in its latest fiscal year.

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