Edition:
United Kingdom

Fred's Inc (FRED.OQ)

FRED.OQ on NASDAQ Stock Exchange Global Select Market

1.64USD
22 May 2018
Change (% chg)

$0.01 (+0.61%)
Prev Close
$1.63
Open
$1.63
Day's High
$1.64
Day's Low
$1.63
Volume
5,272
Avg. Vol
204,919
52-wk High
$14.58
52-wk Low
$1.53

Summary

Name Age Since Current Position

Heath Freeman

37 2017 Chairman of the Board

Joseph Anto

39 2018 Interim Chief Executive Officer, Chief Financial Officer, Executive Vice President, Secretary

Mary Lou Gardner

54 2016 Executive Vice President, Chief Merchandising and Marketing Officer

John Foley

55 2015 Executive Vice President - Store Operations

Kimberley Felice-Dooley

2017 Senior Vice President - Merchandising - Consumables

Steve Wuebker

2016 Senior Vice President - Supply Chain

Michael Holligan

58 2015 Regional Vice President - Store Operations

Timothy Barton

51 2017 Independent Director

Neeli Bendapudi

54 2018 Independent Director

Peter Bocian

62 2017 Independent Director

Michael McMillan

57 2007 Independent Director

Steven Rossi

68 2017 Independent Director

Biographies

Name Description

Heath Freeman

Mr. Heath B. Freeman serves as a 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.

Joseph Anto

Mr. Joseph M. Anto is Interim Chief Executive Officer, Chief Financial Officer, Executive Vice President, Secretary of the Company. Mr. Anto has served as the Company's Executive Vice President, Chief Financial Officer and Secretary since February 2018. Mr. Anto also served as a consultant to the Company from July 2017 to February 2018. From 2015 to February 2018, Mr. Anto served as Senior Vice President of Strategy and M&A at MediaNews Group, Inc. (d/b/a Digital First Media), one of the largest newspaper companies in the U.S. by circulation. From 2014-2015, he was Vice President of Business Development for MediaNews Group and also CEO at Jobs in the US.com, a subsidiary of MediaNews with regionally focused job board sites in New England. From 2013-2014 he was Managing Director at Digital First Ventures, the strategic investing division of MediaNews Group. In 2009 he co-founded RumbaTime, LLC, a fashion brand focused on timepieces and accessories and served as the Company's CEO until 2012. From 2006-2009 Mr. Anto was a Senior Analyst and Director of Investments at Harbinger Capital Partners, a multi-strategy investment firm, where he managed one of the largest merchant power investment portfolios in the sector, accounting for approximately 30% of the fund's assets and completed M&A and debt financing transactions totaling over $4 billion in value. Prior to his time at Harbinger, Mr. Anto was an associate at ABS Capital Partners, a later-stage venture capital firm, and an analyst at First Union Securities in their technology investment banking group. He has previously served on the boards of private merchant power companies Kelson Energy Inc. and Kelson Canada, CIPS Marketing Group Inc. and was also previously on the board at RumbaTime. He has a BBA from Emory University and an MBA from Columbia University.

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. Gardner 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.

John Foley

Mr. John Foley serves as a 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.

Kimberley Felice-Dooley

Ms. Kimberley Felice-Dooley serves as a 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.

Steve Wuebker

Mr. Steve Wuebker serves as a 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 serves as a 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.

Timothy Barton

Mr. Timothy A. Barton serves as an 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.

Neeli Bendapudi

Ms. Neeli Bendapudi is appointed as Independent Director of the company effective March 21, 2018. She currently serves as the Provost and Executive Vice Chancellor of the University of Kansas, a position she has held since July 2016, and as a Professor of Marketing at the University of Kansas, a position she has held since 2011. She previously served as the dean of the University of Kansas School of Business from 2011 to 2016. Dr. Bendapudi holds a doctorate from the University of Kansas, and has taught at Texas A&M and The Ohio State University. Her research, which has focused on customer willingness and ability to maintain long-term relationships with firms and with the employers and brands that represent them, has appeared in the Journal of Marketing, Journal of Marketing Research, Journal of Retailing and Harvard Business Review, among others. Dr. Bendapudi currently serves on the board of directors of Lancaster Colony Corporation, a publicly traded manufacturer and marketer of specialty food products for the retail and foodservice channels. She previously served on the board of directors of Sheetz, Inc., a family-owned convenient store chain, and Freightquote.com, a private freight broker.

Peter Bocian

Mr. Peter J. Bocian serves as an independent 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.

Michael McMillan

Mr. Michael T. McMillan serves as 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.

Steven Rossi

Mr. Steven B. Rossi serves as an 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.