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Duane Reade senior vice president D'Arezzo resigns

4/9/2008

NEW YORK Duane Reade announced on Wednesday that David D’Arezzo, senior vice president and chief marketing officer, has resigned, effective April 17.

According to Duane Reade, DOArezzo is leaving to assume a senior management position at a large southwest regional company. Additional details were not immediately available.

The Manhattan-based pharmacy retailer is currently searching to fill the chief marketing officer position.

"Dave has been a key contributor to our success over the last two years and the company is well-positioned largely due to his efforts to elevate our product offerings and strengthen the Duane Reade brand proposition," said newly appointed chairman and chief executive officer John Lederer. "We thank him for his service to Duane Reade, as well as his leadership at an important time in the company's history, and wish him well in his new role."

On March 31, Duane Reade announced that Lederer, formerly Loblaw Cos. president, would assume the role of chairman and chief executive officer.

Lederer succeeds Rick Dreiling, who left Duane Reade in late January to steer the ship at discount store chain Dollar General. Since that time, D'Arezzo had served as interim chief executive officer.

In announcing Lederer' appointment, the company stated that D'Arezzo would continue his responsibilities as senior vice president and chief marketing officer under Lederer.

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