– USA, NY – Fairway Group Holdings Corp. (”Fairway”) (NASDAQ: FWM) announced today that General Robert Magnus has been appointed to the company’s Board of Directors. General Magnus will be the third independent director on the Board and will serve on both the Audit Committee and the Compensation Committee.
General Magnus retired in 2008 from the United State Marine Corps after a 39-year career. His position prior to retirement was the 30th Assistant Commandant of the Marine Corps, where he was the second senior officer for 230,000 Marines and Sailors and 20,000 civilian employees. Earlier, he served from 2001 to 2005 as Deputy Commandant (Programs and Resources), where he directed the Marine Corps’ planning and execution of manpower, equipment, infrastructure and readiness requirements.
“We are delighted to have General Magnus join Fairway’s Board of Directors,” said Charles Santoro, Fairway’s Executive Chairman. “Over his many years of service to our country, he has held important and diverse management roles in the Marine Corps in areas such as strategy and operations. He also has extensive experience in logistics and planning, areas where his input will be invaluable to Fairway.”
General Magnus serves on the Board of Directors of Agusta Westland NA, Enersys, and Elbit Systems of America, where he serves as Board Chairman. In addition to his military training and education, he has a BA degree from the University of Virginiaand a MS degree from Strayer College.
He joins Stephen L. Key, who was formerly an Executive Vice President and Chief Financial Officer at both Textron Inc and ConAgra, Inc., and Farid Suleman, the former President and Chief Executive Officer of Citadel Broadcasting Corporation, as independent directors on the Fairway Group Holdings Board of Directors.
About Fairway Market
Fairway Market is a high-growth food retailer offering customers a differentiated one-stop shopping experience “Like No Other Market”®. Fairway has established itself as a leading food retailing destination in the Greater New York City metropolitan area, with stores that emphasize an extensive selection of fresh, natural and organic products, prepared foods and hard-to-find specialty and gourmet offerings, along with a full assortment of conventional groceries. Fairway is headquartered in New York, New York.
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