Kenneth W. Alterman

Mr. Alterman, has served as a director since 2011. Since January 2017, Mr. Alterman has served as an Executive Adviser to Savers, Inc., a retail thrift store chain. He previously served as the President, Chief Executive Officer and a director of Savers, Inc. from January 2004 to January 2017 and as the Vice President and General Manager from December 2002 to December 2003. As a member of the board of directors, Mr. Alterman’s knowledge of the discount industry, as well as substantial experience developing corporate strategy and assessing emerging industry trends and business operations led to the conclusion that he should serve as a director of Grocery Outlet.