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Fred’s appoints retail veterans to its board

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MEMPHIS — Fred’s Inc. recently announced three new members — industry veterans Christopher Bodine, Peter Bocian and Mike Bloom — to its board of directors.

At the same time, the company announced the retirement of Michael Hayes, John Eisenman and Jerry Shore from the board.

During his 24-year tenure at CVS Caremark Corp., Bodine held such leadership positions as executive vice president and president of health care services, where he was responsible for strategy, business development, trade relations, sales and account management, pharmacy merchandising, marketing, information technology, and MinuteClinics.

Bodine drove integration and growth efforts at CVS, including the merger of CVS and Caremark, and was tasked with leveraging the strengths of the combined company to accelerate the profitable growth of the retail and pharmacy benefits management businesses. Bodine is credited with incorporating elements of Caremark’s health care services division and establishing CVS’ culture ­companywide.

Bocian, according to Fred’s, brings 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. Bocian has served in executive-level finance and administrative roles at NCR, Starbucks, Hewlett-Packard, JPMorgan Chase and Safeway, where he served as executive vice president and chief executive officer until 2015.

Mike Bloom, who was appointed Fred’s CEO last August, brings to the board more than 30 years of experience in small-box retail pharmacy, general merchandising, marketing, supply chain and store ­operations.

“We are pleased to welcome Chris, Pete and Mike to the Fred’s Pharmacy board of directors,” commented chairman Thomas Tashjian.

“This is an exciting time for Fred’s Pharmacy, as our highly experienced management team continues to execute on value-enhancing initiatives, including acquiring 865 Rite Aid stores, optimizing our store fleet and upgrading our technology infrastructure.”


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