Jeffrey Ackerman, a former executive at PepsiCo, has been named CFO of US retailer The Fresh Market.

Ackerman will join the North Carolina-based business next month. The 50-year-old was most recently CFO at bedding firm Sealy Corp. but his career includes a stint at PepsiCo's Frito-Lay division.

"With more than 25 years of experience across a broad range of consumer-oriented companies, Jeff's operational mindset and retail focus are a great fit with our company and culture," The Fresh Market president and CEO Craig Carlock said today (20 May).

Former The Fresh Market CFO Lisa Klinger quit in December to join US apparel group Kellwood.

The Fresh Market has over 130 stores in 25 US states. In the year to 27 January, The Fresh Market generated sales of US$1.33bn, an increase of 20% on a year earlier. Comparable-store sales were up 5.7%.

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May 20, 2013

The Fresh Market Names Jeffrey Ackerman Executive Vice President and Chief Financial Officer

 

 

GREENSBORO, N.C., May 20, 2013 (GLOBE NEWSWIRE) -- The Fresh Market, Inc. (Nasdaq:TFM), a high growth specialty retailer of high quality food products, today announced the appointment of Jeffrey Ackerman as its Executive Vice President and Chief Financial Officer effective June 3. Mr. Ackerman, 50, will oversee the company's financial functions including accounting, audit, information technology, investor relations, tax, and financial planning and analysis.

"After conducting a national search, we are pleased to have attracted someone with Jeff's strong leadership skills and deep financial and business planning expertise to our senior executive team," said Craig Carlock, President and Chief Executive Officer. "With more than 25 years of experience across a broad range of consumer-oriented companies, Jeff's operational mindset and retail focus are a great fit with our company and culture."

Mr. Ackerman most recently served as Executive Vice President and Chief Financial Officer at Sealy Corporation, one of the largest bedding manufacturers in the world. Prior to Sealy, Mr. Ackerman was Vice President, Finance with Dade Behring, Inc. and held a variety of finance roles at the Frito-Lay branded snack division of PepsiCo Inc.

Mr. Ackerman holds a Masters in Business Administration from the University of Texas at Austin and a Bachelor of Science in Industrial Management from Purdue University.

Original source: The Fresh Market