It’s the conclusion of an important time period for D’Agostino’s.
Nicholas D’Agostino III — whose family founded their namesake grocery chain in 1932 — has discreetly ventured down as president and chief operating officer of D’Agostino’s and its sister chain Gristedes, media has learned.
Extremely rich person John Catsimatidis — who designed the consolidation of the two notorious Big Apple chains in 2016 when D’Agostino’s was battling to cover its bills, putting D’Agostino in charge — revealed the progressions to workers half a month prior in a notice acquired by news.
In an interview this week, Catsimatidis affirmed the purge, saying D’Agostino, 59, has been knock to vice chairman and will be supplanted by two chiefs.
“We switched things around,” Catsimatidis told The media. “Scratch is less engaged with the everyday tasks,” rather directing land and exceptional ventures.
The two businesses have contracted significantly throughout the long term, with Gristedes down to 18 stores from 200 in its prime and 11 D’Agostino’s stores, down from 26 at its top in the New York metro region.
D’Agostino assumed control over the company from his dad in the mid 2000s and is the remainder of his four kin to be engaged with the business.
“John was discontent with the activities and benefit of the business,” an insider revealed to The news.
Catsimatidis as far as concerns him said “we’ll utilize everybody’s qualities to improve our company.” D’Agostino didn’t react to messages.
Gristedes Senior Vice President Christopher McGrath was named between time president while veteran Kings store chief Joseph Parisi was tapped as COO. The company didn’t give a public statement about the purge.