People: Fred's Inc (FRED.O)

FRED.O on Nasdaq

14.61USD
19 Sep 2014
Price Change (% chg)

$-0.28 (-1.88%)
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$14.89
Open
$14.91
Day's High
$15.02
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$14.44
Volume
383,795
Avg. Vol
206,451
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$21.05
52-wk Low
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Summary

Name Age Since Current Position

Michael Hayes

72 2009 Chairman of the Board

Bruce Efird

54 2009 President, Chief Executive Officer, Director

Jerry Shore

61 2014 Chief Financial Officer, Chief Operating Officer, Executive Vice President

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

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.

Bruce Efird

Mr. Bruce A. Efird is President, Chief Executive Officer, Director of Fred's Inc. He was elected a Director of the Company in June 2008.Mr. Efird was Executive Vice President-Merchandising for Meijer, Inc., a leading supercenter retailer in the Midwest with more than $13 billion in sales, from October 2005 until August 2007. There he was responsible for all merchandising functions, including softlines, home furnishings, drugstore, general merchandise, groceries and perishables. He also was in charge of marketing and advertising functions as well as pricing and e-commerce for the chain’s 179 stores across a five-state area. From 1997 until October 2005, Mr. Efird was with Bruno’s Supermarkets, Inc. in Birmingham, Alabama, and served as Senior Vice President of Merchandising from 1999 through 2003 and Executive Vice President/General Manager thereafter.

Jerry Shore

Mr. Jerry A. Shore is Chief Financial Officer, Chief Operating Officer, Executive Vice President of Fred's Inc. He joined the Company in April 2000 as Executive Vice President and Chief Financial Officer and was promoted to Executive Vice President, Chief Financial Officer and Chief Operating Officer in January of 2014. 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.

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.

Basic Compensation

Name Fiscal Year Total

Michael Hayes

296,632

Bruce Efird

722,277

Jerry Shore

378,601

Rick Chambers

544,445

Reggie Jacobs

230,633

Ricky Pruitt

--

Mark Dely

--

John Eisenman

--

Steven Fitzpatrick

--

Michael McMillan

--

B. Mary McNabb

--

Thomas Tashjian

--
As Of 31 Jan 2014

Options Compensation

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