Wakefern Logs Record $9.5 Billion in Retail Sales for Fiscal '06

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Wakefern Logs Record $9.5 Billion in Retail Sales for Fiscal '06

ELIZABETH, N.J. -- Wakefern Food Corp. at a company meeting on Friday said that retail sales hit a record $9.5 billion for fiscal year ending September 30, 2006, and that it recorded $7.5 billion in wholesales revenue for the same period.

Wakefern, based here, is the largest retailer-owned cooperative in the United States. It is the wholesale, merchandising, and distribution arm for ShopRite supermarkets in New York, New Jersey, Delaware, Pennsylvania, and Connecticut.

Wakefern also announced the retirement of Dominick V. Romano from the board of directors. Chairman Joseph S. Colalillo praised Romano for his work during his 36 years with the cooperative.

Dominick V. Romano will continue to serve on several of Wakefern's committees, the company said. Replacing him on the board is his son, Dominick J. Romano.

At the meeting, Wakefern shareholders re-elected Colalillo as chairman and c.e.o. Elected to the board were Thomas Infusino, chairman emeritus; James Sumas and Larri Wolfson, vice chairmen; Lawrence Inserra, Jr., treasurer; Richard Saker and Jeffrey Brown, assistant treasurers; Irv Glass, secretary; Ned Gladstein, Joel Perlmutter and Steven Ravitz, assistant secretaries. Dean Janeway, president and c.o.o. and Joseph Sheridan, executive vice president were also re-elected as operating officers.

Also re-elected to the board were Sam Chapman, Rocco Cingari, Lawrence Collins, Jon Greenfield, Charles Infusino, Bernard Kenny, Leonard Sitar, Richard Tully, George Zallie, and Robert Clare.

Wakefern is comprised of 43 members who individually own and operate nearly 200 ShopRite supermarkets under the ShopRite banner.