Struggling Fairway Market Quietly Taps New CEO
March 15, 2017 | 1 min to read
Fairway Market has a new boss.
The struggling grocer has quietly named Abel Porter, a supermarket veteran who had been a consultant to the company, to succeed Jack Murphy as chief executive, according to a report.
Owned by Blackstone Group’s GSO Capital Partners, Fairway emerged from bankruptcy in July. Murphy had been at the helm for the past two and a half years, presiding over two ownership turns and Fairway’s precipitous fall from Big Apple darling to a bruised chain.
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