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Fred’s creates pharmacy COO post

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Liebmann promoted to succeed the retiring Chambers

MEMPHIS, Tenn. — Timothy Liebmann has been promoted to chief operating officer of pharmacy, a newly created position, at Fred’s Inc.

Liebmann_Tim_Freds pharmacy COO

Timothy Liebmann

Fred’s said late Thursday that Liebmann succeeds Rick Chambers, executive vice president of pharmacy operations, who is retiring. Liebmann joined Fred’s in June as vice president of pharmacy services.

“We are indeed grateful to Rick for his many dedicated years of service to Fred’s, having started his career with Fred’s in 1992 as a pharmacist in one of the company’s stores and advancing quickly to his current position. We wish him the best in his retirement,” Fred’s chief executive officer Jerry Shore said in a statement

“We are also very pleased to be able to promote a veteran with more than 25 years of proven leadership in the pharmacy industry to this important role. Tim has an impressive track record, spanning a broad range of expertise and experience that includes all aspects of pharmacy management as well as financial and operational management,” Shore added. “We are confident that he will continue to build on our mission to improve lives of patients and customers by providing quality health care services.”

Before coming to Fred’s, Liebmann was vice president of pharmacy for prescription benefit manager SUNRx LLC, a subsidiary of MedImpact Healthcare Systems. He co-founded SUNRx in 2007 and served as its chairman and CEO until the company’s was acquired by MedImpact in 2012.

“I have great confidence in Tim’s ability to develop the vision and strategy necessary to energize both retail and specialty pharmacy growth at Fred’s,” stated Fred’s president and COO Michael Bloom. “He is a great addition to our leadership team and has, through experience, developed a keen focus on the importance of the shared and separate interests of patients and physicians.”

Fred’s 372 pharmacies are inside its discount general merchandise stores, which now total 651 locations in 15 states in the Southeast. Four of the pharmacies are in franchised stores, which number 18. Fred’s also has three specialty pharmacy-only locations.


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