Fleming Names Interim CFO; Expands Wholesale Chief's Role

DALLAS - Fleming Cos. Inc. on Friday named a member of the corporate turnaround team it brought aboard as the company's interim chief financial officer.

Rebecca Roof is a principal with the turnaround firm AlixPartners LLC. Mike Scott, another member of the firm, will become interim treasurer.

The company's statement provided no details about the status of Mark Shapiro, who had been named CFO late last year.

Roof and Scott will remain as principals at the firm while they focus on their duties at Fleming. At Fleming, they will report directly to Peter Willmott, Fleming's interim president and CEO.

"We have been reviewing Fleming's business and reorganization requirements, with attention to improved customer and vendor services, operational efficiency and greater financial flexibility. The company has determined that Fleming's reorganization process requires experienced business turnaround professionals in Fleming's top financial management positions to carry the process forward to successful completion," said Willmott.

In other Fleming news, the company announced on Thursday that Bill May has been promoted to president and CEO of Wholesale Distribution, with broader responsibility supporting Fleming's grocery wholesale distribution business.

May was named EVP and president, wholesale, in January. In his expanded role, May also leads the Fleming teams that manage logistics, merchandising and procurement, information technology, services for the IGA and Piggly Wiggly segments, and marketing strategies for grocery wholesale.

"This promotion for Bill will enable us to have our grocery distribution business grouped under the capable leadership of a single executive and his team, focused on serving independent supermarkets and our other retail customers, while our other branch concentrates on our convenience business," said Willmott.

Under this new structure, Mike Walsh continues to serve as president and CEO of convenience distribution.

Fleming also announced that Rob Allen, who serves as interim COO for Fleming, is retiring April 25, 2003. The interim COO position is not expected to be refilled following Allen's retirement and May's promotion.
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