Allegiance Retail Services, LLC and Foodtown, Inc. announced today that John Derderian has been named the new President of the companies, effective June 1, 2015. John, who is currently Vice President – Sales/Marketing/Member Development for Allegiance, will succeed Michael Stolarz, who will remain as a senior executive advisor to Allegiance, its Board of Managers and its executive management team through the end of the year to insure a smooth transition in the succession plan.
David Maniaci, the Chairman and Chief Executive Officer of Allegiance Retail Services, LLC and Foodtown, Inc., stated, “The Board of Managers of Allegiance is grateful to Mr. Stolarz for his dedication and wisdom in guiding Allegiance through a challenging period for the independent grocery industry, and has every confidence that Mr. Derderian will provide leadership which will position Allegiance and its patrons for long term prosperity.”
Allegiance Retail Services, LLC functions as a retail services cooperative for the benefit of its patrons, which independently own and operate eighty eight grocery stores in New York, New Jersey, and Pennsylvania. Allegiance provides advertising, merchandising, administrative and collectivized purchasing services to its patrons. Foodtown, Inc. owns and controls the Foodtown® marks, and provides advertising services to its patrons.
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Source: Allegiance Retail Services, LLC