Fred’s has appointed Jason Jenne as evp/chief financial officer. He succeeds Rick Hans, who is stepping down from the company to pursue other opportunities.
Hans will remain in an advisory capacity until August 18 to ensure a smooth transition.
Jenne joined Fred’s Pharmacy in 2016 as svp/finance. He is a certified public accountant with more than 25 years of operations and finance experience and has held executive leadership roles, most recently as president and CEO of True Temper Sports.
In addition to leading financial and risk management across the company, Jenne will be responsible for ensuring that the finance organization enables Fred’s Pharmacy to execute its health care transformation, the company said. These responsibilities include oversight of cash flow, SG&A management and capital allocation strategy.
“Jason’s leadership experience and in-depth knowledge of finance and operations ideally qualify him to be the next chief financial officer of Fred’s Pharmacy,” said Michael Bloom, CEO, Fred’s. “Jason is an integral member of our leadership team and over the past year he and I have worked closely together as we navigated the proposed Rite Aid transaction, implemented a new health care strategy and pursued additional growth opportunities for Fred’s Pharmacy. As we execute our plan, Jason’s strategic insight and financial expertise will be invaluable in our ongoing efforts to improve performance and create shareholder value.”
