Fred's (FRED) Misses Q4 EPS by 2c; Issues Light Q1, FY16 Outlook
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Fred's (FRED) Chair Hayes to Step Down
March 23, 2016 8:01 AM EDTFred's Inc. (NASDAQ: FRED) announced that Michael J. Hayes (age 74) will step down as Chairman of the Board of Directors on April 15, 2016. Fred's Board of Directors has appointed Thomas H. Tashjian (age 61), a director of the Company since 2001, as the new Chairman of the Board. With this succession, Hayes becomes Chairman Emeritus and will remain on the Board of Directors.
Commenting on his decision, Hayes said, "The past 18 to 24 months have been the most challenging of my career, as the Company and its Board of Directors recognized the need to refocus the Company,... More
