People: Fred's Inc (FRED.O)

FRED.O on Nasdaq

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Summary

Name Age Since Current Position

Michael Hayes

72 2009 Chairman of the Board

Michael Bloom

54 2015 President, Chief Operating Officer

Jerry Shore

62 2014 Chief Executive Officer, Director

Rick Chambers

50 2006 Executive Vice President - Pharmacy Operations

Reggie Jacobs

44 2008 Executive Vice President - Corporate Services, Distribution and Transportation

Ricky Pruitt

59 2012 Executive Vice President - Store Operations

Mark Dely

38 2013 Chief Legal Officer, Senior Vice President, General Counsel, Assistant Secretary

Sherri Tagg

2014 Chief Accounting Officer

John Eisenman

72 1992 Independent Director

Steven Fitzpatrick

54 2012 Independent Director

Michael McMillan

54 2007 Independent Director

B. Mary McNabb

65 2005 Independent Director

Thomas Tashjian

59 2001 Independent Director

Biographies

Name Description

Michael Hayes

Mr. Michael J. Hayes is Chairman of the Board of Fred’s Inc. He served as Managing Director of the Company from October 1989 until March 2002 when he was elected Chairman of the Board. He was the Chief Executive Officer from October 1989 through January 2009. He was previously employed by Oppenheimer & Company, Inc. in various capacities from 1976 to 1985, including Managing Director and Executive Vice President — Corporate Finance and Financial Services.

Michael Bloom

Mr. Michael K. Bloom is President, Chief Operating Officer of the Company. Bloom brings to Fred's more than 30 years of experience in small-box general merchandising, supply chain management and store operations. Most recently, he served as the President and Chief Operating Officer of Family Dollar Stores, Inc. Prior to Family Dollar, Bloom spent more than 20 years with CVS Caremark Corporation, holding a variety of positions with increasing responsibilities in merchandising and operations and rising finally to Executive Vice President of Merchandising, Marketing, Advertising, and Supply Chain. Before joining CVS, Bloom spent 10 years in merchandising and operations management with Virginia-based Peoples Drug Stores and the Florida division of Toronto-based Shoppers Drug Mart Corporation.

Jerry Shore

Mr. Jerry A. Shore is Chief Executive Officer, Director of Company. Mr. Shore has served as the Chief Executive Officer since October 30, 2014. Prior to his promotion, Jerry served as the Company's Executive Vice President and Chief Financial Officer for more than 14 years and additionally served as the Chief Operating Officer from January 2014 until his promotion. Prior to joining the Company, Mr. Shore was employed by Wang’s International, a major importing and wholesale distribution company as Chief Financial Officer from 1989 to 2000, and in various financial management capacities with IPS Corp., and Caterpillar, Inc. from 1975 to 1989.

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.

Reggie Jacobs

Mr. Reggie E. Jacobs is Executive Vice President - Corporate Services, Distribution and Transportation of Fred's, Inc. Prior to this Mr. Jacobs served as SVP of Distribution, CIO and Director of DC Systems. Prior to joining the company Mr. Jacobs was employed by Dollar General from 1994 to 1998 and by Wal-Mart from 1992 to 1994. Mr. Jacobs holds a B.A from the University of Oklahoma.

Ricky Pruitt

Mr. Ricky W. Pruitt is Executive Vice President - Store Operations of Fred's Inc. Mr. Pruitt began his career with the Company in 1976 as a Manager Trainee at the Trenton, TN store and was promoted to Store Manager in 1979. Mr. Pruitt was then promoted to District Manager in 1996 and to Regional Vice President of Region 1 in 2008.

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.

Sherri Tagg

John Eisenman

Mr. John R. Eisenman is Independent Director of Fred's, Inc. Mr. Tashjian is involved in real estate investment and development with REMAX Island Realty, Inc., located in Hilton Head Island, South Carolina. Mr. Eisenman has been engaged in commercial and industrial real estate brokerage and development since 1983. Previously, he founded and served as President of Sally’s, a chain of fast food restaurants from 1976 to 1983, and prior thereto held various management positions in manufacturing and in securities brokerage.

Steven Fitzpatrick

Mr. Steven R. Fitzpatrick is Independent Director of Fred's, Inc. Mr. Fitzpatrick was the President of Accredo Health Group, Inc., Medco’s fast-growing specialty pharmacy organization, a position he held until he retired in June 2011. Mr. Fitzpatrick joined Accredo in 2001 as President of its subsidiary, Sunrise Health Management, Inc., and was named President of Accredo Therapeutics, Inc., in February 2002. With the acquisition of Accredo by Medco Health Solutions, Inc., in August 2005, Mr. Fitzpatrick assumed responsibility for both Accredo Therapeutics and Accredo Specialty Care Services (formerly Medco Specialty Solutions). In March 2006, he became Chief Operating Officer of Accredo Health Group and was named President in June 2008. Prior to joining Accredo, Mr. Fitzpatrick held senior management positions with Abbott Laboratories, Block Medical, PharmaThera and Nations Healthcare.

Michael McMillan

Mr. Michael T. McMillan is Independent Director of Fred's Inc. Mr. McMillan currently serves as Vice President of 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 Independent Director of Fred's Inc. Most recently, she served as Chief Executive Officer for Kid’s Outlet, California. Kid’s Outlet, California filed for bankruptcy on May 14, 2009. Previously, 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.

Thomas Tashjian

Mr. Thomas H. Tashjian is Independent Director of Fred's Inc.Mr. Tashjian is a private investor. Mr. Tashjian has served as a managing director and consumer group leader at Banc of America Montgomery Securities in San Francisco. Prior to that, Mr. Tashjian held similar positions at First Manhattan Company, Seidler Companies, and Prudential Securities. Mr. Tashjian’s earlier retail operating experience was in discount retailing at the Ayr-way Stores, which were acquired by Target, and in the restaurant business at Noble Roman’s.

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