Fairway Markets CEO to retire
New York — Fairway Holdings Corp., operators of Fairway Markets, announced that CEO Herbert Ruetsch will retire after fifteen years with the company, including the last two years as chief executive. Ruetsch will remain a special advisor to Fairway and continue to provide input into certain merchandising and product initiatives.
William Sanford, president of Fairway, will assume the role of interim CEO while the board undertakes a search for a permanent replacement.
Charles Santoro, executive chairman of Fairway, stated: "Herb Ruetsch has helped lead Fairway through a major transformation from a small family business into an iconic, growing specialty food retailer serving some 20 million customer visits annually in the tri-state area.”
Fairway also announced the promotions of Kevin McDonnell to co-president and COO and Edward Arditte to co-president and CFO.
Walgreens still evaluating sales of tobacco
Deerfield, Ill. — Responding to the announcement by CVS Caremark that its plans to stop selling tobacco products in its stores, Walgreens stated that the category has been under review at its stores, too.
Walgreens has been evaluating its tobacco line for “some time,” and, according to spokesperson Michael Polzin, it “will continue to evaluate the choice of products our customers want, while also helping to educate them and providing smoking cessation products and alternatives that help reduce the demand for tobacco products.”
Walgreens also announced a partnership with GlaxoSmithKline Consumer Healthcare to launch a free, Internet-based smoking cessation program called Sponsorship to Quit. The program will provide smokers with customized tools to track their progress in quitting smoking.
Sears Holdings names pharmacy exec
BOULDER, Colo. — Mark Panzer, president and CEO Pharmaca Integrative Pharmacy, will be leaving Pharmaca in pursuit of an opportunity at Sears Holding Company, DSN has learned.
Panzer will be in charge of pharmacy operations at Sears Holding and will direct the health and wellness initiatives across K-Mart pharmacy as SVP and president pharmacy.
Dave Maher, a longtime Pharmaca board member and fellow chain drug veteran, will be serving as interim CEO as Pharmaca searches for a new candidate. Maher’s experience includes time as president of American Stores Company and CEO Osco Drug.
Under Panzer’s leadership, Pharmaca had a reputation for implementing cutting-edge strategies across its smaller footprint, including a loyalty card, a mobile app, an in-store Beauty Bar and a robust e-commerce offering.