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United States

Fred's Inc (FRED.O)

FRED.O on Nasdaq

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19 Sep 2017
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Summary

Name Age Since Current Position

Heath Freeman

36 2017 Chairman of the Board

Michael Bloom

56 2017 President, Chief Executive Officer, Director

Jason Jenne

47 2017 Chief Financial Officer, Executive Vice President, Secretary

Mary Lou Gardner

2016 Executive Vice President, Chief Merchandising and Marketing Officer

Rick Chambers

51 2006 Executive Vice President - Pharmacy Operations

John Foley

2015 Executive Vice President - Store Operations

Mark Dely

39 2013 Chief Legal Officer, Senior Vice President, General Counsel, Assistant Secretary

Kimberley Felice-Dooley

2017 Senior Vice President - Merchandising - Consumables

Gregory Froton

2017 Senior Vice President - Merchandising, General Merchandise

Steve Wuebker

2016 Senior Vice President - Supply Chain

Michael Holligan

58 2015 Regional Vice President - Store Operations

Peter Bocian

62 2017 Director

Linda Longo-Kazanova

63 2017 Director

Timothy Barton

2017 Independent Director

Michael McMillan

55 2007 Independent Director

B. Mary McNabb

59 2005 Independent Director

Steven Rossi

66 2017 Independent Director

Biographies

Name Description

Heath Freeman

Mr. Heath B. Freeman is Chairman of the Board of the Company. Mr. Freeman is the President and a Founding Member, of Alden Global Capital LLC, a New York-based investment firm focused on deep value, catalyst driven investing. He has been with the firm since its founding in 2007, and has been its President since 2014. Mr. Freeman currently serves as Vice Chairman of MediaNews Group, Inc. (‘MNG”), the second largest newspaper business in the United States by circulation, owning newspapers such as The Denver Post, San Jose Mercury News and Orange County Register. At MNG he leads the strategic review committee and serves on the compensation committee. Mr. Freeman is a co-founder and serves on the board of SLT Group, Inc. a private boutique fitness business founded in 2011. In addition, Mr. Freeman also co-founded City of Saints Coffee Roasters in 2013, a third wave coffee roaster, wholesaler and retailer. Prior to Alden, Mr. Freeman worked as an Investment Analyst at Smith Management, a private investment firm. Mr. Freeman began his career as an analyst at Peter J. Solomon Company, a boutique investment bank with a focus on Retail and Consumer, where he worked on mergers and acquisitions, restructurings and refinancing assignments. Currently, Mr. Freeman serves as Chairman of the Advisory Board for Jewish Life at Duke University's Freeman Center. He is a graduate of Duke University.

Michael Bloom

Mr. Michael K. Bloom serves as President, Chief Executive Officer, Director of the Company. He was Chief Operating Officer of the Company. Mike Bloom, who was appointed CEO of Fred's Pharmacy on August 29, 2016, brings to the Board more than 30 years of experience in small-box retail pharmacy, general merchandising, marketing, supply chain and store operations. Prior to joining Fred's, Bloom served as the President and Chief Operating Officer of Family Dollar Stores, Inc. and spent more than 20 years with CVS Caremark Corporation, holding a variety of positions with increasing responsibilities in merchandising, marketing, supply chain and store operations, and rising finally to Executive Vice President of Merchandising, Visual Merchandising, Marketing, Store Brand, Advertising and Supply Chain. Bloom has substantial acquisition and integration experience from his time at CVS Pharmacy, where he was involved in the acquisitions of Peoples Drug Stores, Revco, Eckerd Corp., Arbor Drugs and Longs. As CEO of Fred's, Bloom assembled a strong new leadership team that has led the development of the growth plan referred to as Optimize, Focus and Growth with Discipline. The key components include optimizing Fred's portfolio of stores, growing retail pharmacy scripts, expanding into healthcare services, expanding the specialty pharmacy portfolio of drugs and delivering leaner and more cost effective results in both pharmacy and front of store. Since Bloom became CEO, Fred's Pharmacy's has generated a 29% Shareholder Return. 2 Bloom played a vital role in Fred's being selected by Walgreen's Boots Alliance, Inc. as the acquirer of the previously announced transaction under which Fred's will acquire 865 divested stores, pending FTC approval. Since becoming CEO, Bloom has increased emphasis on both retail and specialty pharmacy growth as a priority, which have been catalysts for growth at Fred's.

Jason Jenne

Mr. Jason A. Jenne serves as Chief Financial Officer, Executive Vice President, Secretary of the company. He has served as the Company’s Senior Vice President, Finance since September 2016. From 1998 to 2016, Mr. Jenne held positions of increasing responsibility at True Temper Sports, a sports equipment manufacturer, including Corporate Controller, Vice President of Finance, Chief Operating Officer, Chief Financial Officer, and President and Chief Executive Officer. From 1994 to 1998, Mr. Jenne served as a Senior Internal Auditor, Manager of Financial Planning, Plant Controller and Division Controller at Emerson Electric, a publicly traded technology and engineering company. From 1993 to 1994, Mr. Jenne served as a staff auditor at Scheffel Boyle, a regional public accounting firm. Mr. Jenne holds a Bachelor’s Degree in Accounting and Finance from Southern Illinois University and is a Certified Public Accountant.

Mary Lou Gardner

Ms. Mary Lou Gardner serves as Executive Vice President, Chief Merchandising and Marketing Officer of the Company. Mary Lou brings a wealth of leadership experience to the Merchandising, Marketing, Pricing and Planning area. She joined Fred's at the beginning of 2016 as Senior Vice President/Strategy/Project Management. In this short time span, she has become an instrumental part of the Fred's team." Mary Lou was most recently an executive with CVS Health Corporation, serving in many capacities during her tenure, including Divisional Merchandising Manager for Beauty/Personal Care, Senior Director of Inventory Management, Senior Director of Merchandising General Merchandise/Consumables, Senior Director for Promotional Optimization, and Senior Director for Store Brand Innovation. She excels in the ability to lead and rally a team around a common purpose, which explains her many diverse roles at CVS, where she was called on several times to lead key strategic initiatives. Prior to her time at CVS, Gardner's unique experience spanned international business, from sourcing to strategy and organizational development across several industries including healthcare, banking and higher education.

Rick Chambers

Mr. Rick A. Chambers is Executive Vice President - Pharmacy Operations of Fred's Inc. Prior to this he held the position of Senior Vice President – Pharmacy operations from June 2004 to August 2006. Mr. Chambers joined the Company in July of 1992 and has served in various positions in Pharmacy Operations. Mr. Chambers earned a Doctor of Pharmacy Degree in 1992.

John Foley

Mr. John Foley is Executive Vice President - Store Operations of the Company., effective October 7, 2015. Foley brings to Fred's more than 30 years of experience in retail pharmacy chain experience. For the past nine years, he was Corporate Operations Vice President at Walgreen's, responsible for the Eastern Division, which in 2014 accounted for approximately $20 billion in revenue from more than 2,500 retail pharmacies, health care clinics, and specialty pharmacy units. Prior to this role with Walgreen's, Foley served as a District Manager for six years and was a Store Manager for 11 years.

Mark Dely

Mr. Mark C. Dely is Chief Legal Officer, Senior Vice President, General Counsel, Assistant Secretary of Fred's Inc. Prior to joining the Company, Mr. Dely was employed by the ServiceMaster Company as Divisional General Counsel of the Franchise Services Group where he had responsibility for all of the domestic and international legal operations for the group. From 2004 until 2007 Mr. Dely was employed as the first in-house counsel to Delta and Pine Land Company, a seed and agricultural biotechnology company traded on the New York Stock Exchange. From 1999 until 2004 Mr. Dely was an attorney with Fried Frank, LLP.

Kimberley Felice-Dooley

Ms. Kimberley Felice-Dooley is Senior Vice President - Merchandising - Consumables of the Company. Ms. Felice-Dooley has held various leadership positions with CVS from 2006 until 2016, including Director of Category Management Skincare & Fragrance and Director of Category Management Candy. Prior to joining CVS in 2006, Ms. Felice-Dooley served in varying capacities at Federated Department Stores, beginning in 1997. Ms. Felice-Dooley studied Textiles, Merchandising and Design at the University of Rhode Island and Interior Design at Mount Ida College.

Gregory Froton

Mr. Gregory Froton is Senior Vice President - Merchandising, General Merchandise of the Company. Mr. Froton brings over 30 years retail experience to Fred's Pharmacy. His merchandising expertise and knowledge spans over multiple retail channels including drug, mass, department and specialty formats. Mr. Froton worked for CVS Health for over 17 years holding the positions of Category Manager, Divisional Merchandising Manager, and most recently was Vice President General Merchandise and International Sourcing. Mr. Froton holds a Bachelor of Arts degree from Boston College.

Steve Wuebker

Mr. Steve Wuebker is Senior Vice President - Supply Chain of the Company. Mr. Wuebker most recently served as President and CEO of Prospect Brands. Prior, Mr. Wuebker held positions with Ralph Lauren Corporation from 2006 to 2015, including Senior Vice President, Global Supply Chain. Mr. Wuebker also has experience with Gap, Inc., Toys 'R Us, and PepsiCo. Mr. Wuebker holds a Bachelors of Arts degree from the University of Cincinnati and Masters degrees from George Washington University and Cranfield University.

Michael Holligan

Mr. Michael G. Holligan is Regional Vice President - Store Operations of the Company. He was Executive Vice President - Store Operations of the company., in March 2015. He was serving as Interim Executive Vice President - Store Operations beginning in September 2014. Mr. Holligan joined the Company in June of 2002 as a district manager and was promoted to Regional Vice President of Store Operations in September of 2004. Prior to joining Fred's, Mr. Holligan spent 18 years at Wal-Mart in various store operations leadership roles.

Peter Bocian

Mr. Peter J. Bocian serves as Director of the Company. Pete Bocian brings to the Board extensive executive expertise in the retail and technology sectors, with a track record of creating substantial value at a number of highly recognized global companies. He has significant financial, accounting and technology expertise. Bocian has served in C-suite or executive level finance and administrative roles at NCR, Starbucks, Hewlett-Packard, JPMorgan Chase and Safeway, where he most recently served as Executive Vice President and CFO until 2015. Bocian has extensive experience with leading retail companies, including CFO positions at Safeway and Starbucks, and a 24-year career at NCR, a company with significant focus on technology and POS systems for the retail, banking, airline and hospitality industries. Bocian helped deliver significant increases to shareholder value during his CFO tenure at NCR. Most recently, Bocian was the Chief Financial Officer of Safeway, where the company delivered strong returns during his approximately two year tenure. Bocian played a leadership role in rationalizing the portfolio to create more value and in the eventual sale and merger with Albertsons.

Linda Longo-Kazanova

Ms. Linda Longo-Kazanova serves as Director of the Company. Ms. Longo-Kazanova brings to the Board her 16 years of experience as Chief Human Resources Officer with growing companies and businesses-in-transition, as well as significant expertise working with public company boards of directors on a variety of matters, including significant M&A and divestiture transactions. Most recently, Ms. Longo-Kazanova was Chief Human Resources Officer at Keurig Green Mountain, Inc., where she was responsible for all aspects of global human resources. While at Keurig, she contributed to the company's growth from $1.3 billion to $4.5 billion in revenue, supporting transformation in the board, management team and culture as the business expanded. Prior to working at Keurig, Ms. Longo-Kazanova served as Vice President, Human Resources and Medical at Burlington Northern Santa Fe Corporation (BNSF), and in a number of positions at Kraft Foods, Inc., including global Director, Management and Organization Development.

Timothy Barton

Mr. Timothy A. Barton is Independent Director of the Company. Mr. Barton founded Freightquote in 1998, and served as Chairman and CEO until the company’s sale to C.H. Robinson Worldwide in 2015. Prior to founding Freightquote, Mr. Barton was the Co-Founder and President of UWI Association Programs, which grew into Network Long Distance before being acquired by IXC Communications/Broadwing in 1998. Mr. Barton earned his B.A. in Business from the University of Kanas and an M.A. in Finance from Louisiana State University.

Michael McMillan

Mr. Michael T. McMillan is an Independent Director of Fred's Inc. He currently serves as Vice President Franchise Development for Pepsi-Cola North America, a Division of PepsiCo, where he has spent the last 28 years in various roles including marketing, sales, franchise development, and general management of its bottling operations.

B. Mary McNabb

Ms. B. Mary McNabb is an Independent Director of Fred's Inc. Ms. McNabb is currently the owner and operator of Tai Shan Farms, Inc. Previously, she served as Chief Executive Officer for Kid’s Outlet, California. Kid’s Outlet, California filed for bankruptcy on May 14, 2009. Prior to that, she served as Executive Vice President and a Director of The Mowbray Group from 2004-2005, a California-based retail consulting firm that specializes in problem-solving, cost reductions, importing, and retail management. She has served as a member of the Board of Directors of C-ME (Cyber Merchants Exchange). Ms. McNabb was formerly Executive Vice President of Merchandising and Marketing for Factory 2-U, Vice President of sourcing for S-Q of California, and West Coast Manager/Buyer for One Price Clothing, Inc.

Steven Rossi

Mr. Steven B. Rossi is Independent Director of the Company. Mr. Rossi is the Chief Executive Officer of Digital First Media. He previously served as Digital First Media’s Chief Operating Officer. Prior to joining Digital First Media, Mr. Rossi held several successive management positions over 19 years with Knight Ridder Inc., including Chief Financial Officer, Senior Vice President of Operations and President of the Newspaper Division. Mr. Rossi holds an MBA degree from The Wharton School of the University of Pennsylvania and a B.A. in Economics from Ursinus College.