Krasdale Foods announced on Tuesday that it has promoted Steve Silver to the role of president as part of the company's succession plan.

Krasdale is a 110-year-old, privately-owned company that provides essential supermarket services such as grocery distribution, merchandising and marketing.

"Steve is such an important part of our company's success," says Charles Krasne who will continue on in his role as CEO and chairman of the board of Krasdale Foods. "He is deeply involved in all aspects of the business and has earned the respect of our employees, customers and partners. I know he is eager to continue to drive future growth for the company."

Silver has been with Krasdale for 37 years and will continue to serve as chief operating officer and as a member of the board of directors while in his new role.