FOR IMMEDIATE RELEASE
Pema Tshering Promoted to Chief Financial Officer of Associated Supermarket Group
Experienced leadership added for the next phase of the company’s trajectory
Port Washington, NY, August 30, 2021 – Associated Supermarket Group (ASG), a supermarket retail solutions company, announced the promotion of Pema Tshering to Chief Financial Officer of the Company. Pema Tshering joined ASG in March 2017, and previously served as Vice President of Finance. In her new role, Pema will head ASG’s Finance and Credit Departments and will be a member of the Credit Committee and Board of Directors.
“We are very excited to announce Pema’s promotion to the CFO position, a recognition of her leadership, stellar performance managing our finance group and her role during our MBO transaction. As we enter the next phase of the company’s trajectory, Pema’s contributions play a major role in our strategic vision and growth plans for ASG,” commented Joe Garcia and Zulema Wiscovitch, Co-Presidents and Co-CEOs of ASG.
Ms. Tshering is a Certified Public Accountant and a graduate of New York University Stern School of Business. Ms. Tshering previously served as the VP of Accounting and Finance at Cargo Air Services, a cargo handling firm, and as Corporate Controller at Display Technologies. She has extensive experience in the finance field, including strategic planning, FP&A, internal controls, and process improvement.
Associated Supermarket Group provides retail solutions to independently owned grocery stores in the Northeast and mid-Atlantic region, providing distribution, marketing, merchandising, promotional services, and store financing. A relationship with ASG allows independently owned and operated stores to take advantage of the economies of scale normally available only to larger supermarket chains. ASG’s supermarket banners include Associated, Associated Fresh, Compare, Met Foods, Met Fresh, Metropolitan City Market, Pioneer and other independently named stores.