Fred’s promotes Jenne to CFO
MEMPHIS, Tenn. — Fred’s Pharmacy has promoted one of its own to lead the company’s finances. The company on Wednesday named Jason Jenne EVP and CFO, effective immediately, succeeding outgoing CFO Rick Hans, who it said was departing to pursue other opportunities.
Jenne, a certified public accountant with more than 25 years’ experience in finance and operations, joined Fred’s in September 2016 as SVP finance from golf shaft manufacturer True Temper Sports, where he was president and CEO. During his 18-year tenure at True Temper Sports, he held such titles as CFO and COO. During his time at Fred’s, he has been an integral part of the company’s healthcare strategy implementation and other efforts.
“Jason’s leadership experience and in-depth knowledge of finance and operations ideally qualify him to be the next Chief Financial Officer of Fred’s Pharmacy,” Fred’s CEO Mike Bloom said. “Jason is an integral member of our leadership team and over the past year he and I have worked closely together as we navigated the proposed Rite Aid transaction, implemented a new healthcare strategy and pursued additional growth opportunities for Fred’s Pharmacy. As we execute our plan, Jason’s strategic insight and financial expertise will be invaluable in our ongoing efforts to improve performance and create shareholder value.”
In his new capacity, Jenne will lead financial and risk management for the company, and will ensure that its finance organization enables Fred’s to execute on its healthcare transformation, He will oversee cashflow, SG&A management and capital allocation strategy.
“I am excited to have the opportunity to lead Fred’s Pharmacy’s financial team at this important stage in the Company's transformation,” Jenne said. “Fred’s is a company with significant growth potential and a strong team in place to drive shareholder value. I look forward to continuing to work closely with Mike and the rest of the senior leadership to accelerate the execution of the company’s business plan.”
Bloom also thanked Hans for his service.
“I want to thank Rick for his contributions to Fred’s Pharmacy and for his commitment to facilitating a seamless transition,” Bloom said. “We wish him all the best in his future endeavors.”
Jenne, a certified public accountant with more than 25 years’ experience in finance and operations, joined Fred’s in September 2016 as SVP finance from golf shaft manufacturer True Temper Sports, where he was president and CEO. During his 18-year tenure at True Temper Sports, he held such titles as CFO and COO. During his time at Fred’s, he has been an integral part of the company’s healthcare strategy implementation and other efforts.
“Jason’s leadership experience and in-depth knowledge of finance and operations ideally qualify him to be the next Chief Financial Officer of Fred’s Pharmacy,” Fred’s CEO Mike Bloom said. “Jason is an integral member of our leadership team and over the past year he and I have worked closely together as we navigated the proposed Rite Aid transaction, implemented a new healthcare strategy and pursued additional growth opportunities for Fred’s Pharmacy. As we execute our plan, Jason’s strategic insight and financial expertise will be invaluable in our ongoing efforts to improve performance and create shareholder value.”
In his new capacity, Jenne will lead financial and risk management for the company, and will ensure that its finance organization enables Fred’s to execute on its healthcare transformation, He will oversee cashflow, SG&A management and capital allocation strategy.
“I am excited to have the opportunity to lead Fred’s Pharmacy’s financial team at this important stage in the Company's transformation,” Jenne said. “Fred’s is a company with significant growth potential and a strong team in place to drive shareholder value. I look forward to continuing to work closely with Mike and the rest of the senior leadership to accelerate the execution of the company’s business plan.”
Bloom also thanked Hans for his service.
“I want to thank Rick for his contributions to Fred’s Pharmacy and for his commitment to facilitating a seamless transition,” Bloom said. “We wish him all the best in his future endeavors.”