The Fresh Market Announces Resignation of Chief Financial Officer
GREENSBORO, N.C., Nov. 27, 2012 (GLOBE NEWSWIRE) -- The Fresh Market, Inc.
(Nasdaq:TFM) (the "Company"), a high growth specialty retailer of high quality
food products, today announced that Lisa Klinger has tendered her resignation
as the Company's Executive Vice President and Chief Financial Officer in order
to accept a similar position with a private equity-backed apparel retailer.
Ms. Klinger will remain with the Company through December 7, 2012.
"Lisa has been a valuable member of our management team since she joined the
Company in 2009 and was instrumental in leading the Company through its
successful IPO in 2010. The strong finance and accounting teams that she led
as they supported our growth and transitioned to public company reporting will
continue to serve us well in the future. On behalf of the Company, I'd like to
thank her for all of her contributions. We wish her the best in her future
endeavors," commented Craig Carlock, President and Chief Executive Officer.
"I appreciate the opportunity that I was provided by The Fresh Market and its
founding family as they began preparations for what turned out to be a highly
successful IPO," commented Ms. Klinger. "It has been an honor to help support
the Company's growth as more and more customers become familiar with The Fresh
Market's blend of interesting products and service-oriented employees.I am
confident that the Company's successful track record, prospects for growth and
strong financial organization will ensure that the Company attracts another
high caliber CFO. While I will miss my colleagues, I look forward to new
challenges as I return to the apparel industry where I began my career in
The Company intends to immediately commence a search for a new Chief Financial
Officer. In the interim, Sean Crane, the Company's Executive Vice President
and Chief Operating Officer, will assume the role of interim Chief Financial
Officer, and in that capacity will act as the Company's interim principal
financial officer. Jeff Short, the Company's Vice President and Controller,
will act as the Company's interim principal accounting officer.
About The Fresh Market, Inc.
Founded in 1982, The Fresh Market, Inc. is a specialty grocery retailer
focused on providing high-quality products in a unique and inviting atmosphere
with a high level of customer service. As of November 27, 2012, the Company
operates 128 stores in 25 states, located in the Southeast, Midwest,
Mid-Atlantic, Northeast and West. For more information, please visit
CONTACT: Craig Carlock
Chief Executive Officer
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