Indiana-based Marsh Supermarkets looking for new CEO

FISHERS, Ind. — Marsh Supermarkets is looking for a new chief executive for the third time in just over a year.

The Indianapolis Business Journal reports (http://bit.ly/KLDi3 y ) that CEO Joe Kelley resigned Tuesday. Kelley replaced Frank Lazaran, who resigned in April 2011 after five years as CEO of the Fishers-based grocer.

Marsh says Kelley left to become president of the New England division of Stop & Shop, a 375-store grocery chain owned by Dutch food giant Ahold.

Marsh says Chief Operating Officer Bill Holsworth will be its interim CEO.

The company’s website says it operates 78 Marsh Supermarkets, three O’Malia’s Food Markets and 16 MainStreet Markets in Indiana and Ohio.

Marsh has struggled to restore market share lost over the years to Kroger Co., along with competition from Walmart, Meijer and Target.