Retailer fills out C-suite with new appointments
Previously, Anto served as Fred’s interim CEO as well as chief financial officer.
Heath Freeman, chairman of the board, said, “On behalf of the board, I want to express how pleased we are to have Joe as our CEO. As chairman, I have worked closely with Joe during his tenure as interim CEO, and I am looking forward to collaborating with Joe to write the next chapter for Fred’s.”
As part of this announcement, the following executive changes were also made:
• Ritwik Chatterjee was named chief financial officer. He was serving as senior vice president of corporate development for Fred’s — a role he held since September 2018. In June 2018, he was hired as Fred’s vice president of finance. He previously held jobs at the following organizations: Rachel Zoe Inc., Microdynamics Group, OSG Billing Services, Martha Stewart Living Omnimedia Inc., Structured Portfolio Management, Harbinger Capital Partners, Merrill Lynch, Piper Jaffray Cos. and CIBC World Markets.
• Nathaniel Klein was named chief operating officer. He joined Fred’s in April 2018 as senior vice president of finance. He is a founder of North American Lithium and previously served as vice president at Hale Capital Management.
• Michael Ladd was named chief stores officer. Ladd joined Fred’s as executive vice president of store operations in January 2018. Before that, he worked at Barnes & Noble Inc. and Sears Holdings Corp.
Anto was named interim CEO in April 2018. He was previously the senior vice president of strategy and M&A at MediaNews Group Inc., doing business as Digital First Media, which is under the umbrella of Alden Global Capital — the hedge fund that is Fred’s largest shareholder.