Randall Onstead, Jr.
R. Randall Onstead, Jr. has more than 27 years of experience in the retail food industry. He is the former Chairman and Chief Executive Officer of Randalls Food Markets, Inc., a $2.7 billion Houston-based supermarket chain with stores operating under the banners of “Randalls” in Houston and Austin, and “Tom Thumb” and “Simon David” in the Dallas/Ft. Worth Metroplex.
Ontead began his career with Randalls in 1978, holding various management positions. He was named President and Chief Operating Officer in 1986, President and Chief Executive Officer in 1996, and became Chairman and CEO in 1998.
In 1997, Onstead initiated the sale of Randalls to Kohlberg Kravis Roberts & Co., retaining a significant equity position. During his tenure as CEO, the company increased in total enterprise value from $645 million in FY ’97 to $1.85 billion in FY ’99. In 1999, Onstead helped lead the transaction that resulted in Safeway buying all the equity of Randalls Food Markets, Inc.
After the sale of Randalls, Onstead became a Managing Director of Chapman Partners, L.L.C., a private investment-banking firm based in Chicago, IL. Later he became President and CEO of Garden Ridge Corp., a Houston-based crafts and décor retailer with 44 stores in 13 states, and President of Dominick’s Finer Foods, based in Oak Brook, IL. Most recently, Onstead was interim CEO of BI-LO Stores based in Greenville, SC. Onstead is also the Founding Principal of Lone Star Retail Partners, L.L.C.
Onstead serves on the Board of Directors of BI-LO Stores, LLC, Haggen Stores Inc., Source Refrigeration, Baylor College of Medicine, Texas Tech Foundation, and the Robert R. and Kay M. Onstead Foundation. He has also served on the Board of Directors of Food Marketing Institute and TOPCO Associates.
A graduate of Texas Tech University, Onstead earned his Bachelor degree in Marketing and completed Harvard University’s Program for Management Development.
Larry Stablein brings more than 30 years of retail expertise to Lone Star Retail Partners, L.L.C.—with market specialization in marketing, merchandising, procurement, and capital planning. His successful track record displays innovative planning and lead restructuring support, as well as an outstanding capacity to team-build and lead, and deliver on P&L commitments. Stablein most recently held the position of president of L.A.S. Management LTD, a Chicago-based retail consultancy that provides business support to retail, CPG, research, and investor/equity firms.
Stablein launched his retail career at Chicago’s Jewel Osco where he led the rollout for the Jewel Preferred Card (the industry’s first major loyalty card program), significantly grew Fresh Foods’ sales penetration, and accelerated performance of the industry’s leading food/drug combination store format. Stablein also held various lead management positions for corporate parent American Stores, including responsibility for marketplace portfolio management and a capital program in excess of $1 billion annually.
Stablein became the EVP of marketing and merchandising for Albertsons in 2000 where he was responsible for marketing, merchandising, and primary procurement for the $36 billion, 2,300 store national food and drug retailer. He led re-engineering efforts that resulted in annual COG savings of $200 million in his first year with the company. He was instrumental in growing sales and market share via a new category management program, format innovation, the re-launch of a Private Label program, and the re-structuring of a $500+ million marketing program.
In 2004, Stablein extended his North American retail career and served as the EVP of merchandising at Loblaw Companies, Ltd., Canada’s largest retailer with more than $28 billion, and 1,000 multi-format retail outlets. In this capacity, he led an extensive restructuring of the marketing, merchandising, and procurement functions in Ontario, consolidating support for eight distinctive chains while growing sales, earnings, and market share.
Stablein earned his Bachelor degree in Economics at Benedictine University in Lisle, IL and his MBA from DePaul University in Chicago. He serves on the Board of Directors for the Idaho Food Bank, is an Advisory Board Member for the Illinois Fatherhood Initiative, and is Co-Chair of the capital campaign for Alivio Medical Center.