Joseph Anto

Fred’s names Joe Anto permanent CEO

Fred’s names Joe Anto permanent CEO

MEMPHIS — Fred’s Inc. announced in a filing with the Securities and Exchange Commission that Joseph Anto is now the chief executive officer of the company, effective February 3. The board made the appointment on January 30. Previously, Anto served as Fred’s interim CEO as well as chief financial officer. Heath Freeman, chairman of the

CVS to acquire Fred’s specialty pharmacy business

CVS to acquire Fred’s specialty pharmacy business

MEMPHIS — Fred’s Inc. has reported that CVS Health is purchasing its specialty pharmacy business EntrustRx for $40 million. The general merchandise and pharmacy store announced yesterday afternoon that it had reached a definitive agreement to sell certain assets of its specialty pharmacy unit — EntrustRx — to CVS Health for $40 million “plus an

Fred’s pursuing sale of specialty pharmacy business

Fred’s pursuing sale of specialty pharmacy business

MEMPHIS — During its earnings call Friday, Fred’s Inc. announced it is evaluating options for its retail pharmacy portfolio and “actively pursuing a sale” of its specialty pharmacy business, as it reported financial results for the 2017 fourth quarter and fiscal year ended February 3. The company’s financial results were originally slated to be released

Fred’s Inc. CEO Michael Bloom resigns

Fred’s Inc. CEO Michael Bloom resigns

MEMPHIS, Tenn. — Fred’s Inc. announced on Friday that chief executive officer Michael Bloom resigned from his post, effective on April 24. He also resigned from his seat on the company’s board. Joseph Anto, the company’s executive vice president, chief financial officer and secretary, will serve as interim chief executive officer. Michael Bloom “The Board

Fred’s names successor to departing CFO

Fred’s names successor to departing CFO

MEMPHIS, Tenn. — Joseph Anto has joined Fred’s Inc. as executive vice president and chief financial officer, taking over from Jason Jenne, who is leaving the company. Anto comes to Fred’s from newspaper company MediaNews Group Inc. (DigitalFirst Media), where he was senior vice president of strategy and M&A. Jenne, who only served as Fred’s