Fairway Markets CEO to retire

New York -- Fairway Holdings Corp., operators of Fairway Markets, announced that CEO Herbert Ruetsch will retire after fifteen years with the company, including the last two years as chief executive. Ruetsch will remain a special advisor to Fairway and continue to provide input into certain merchandising and product initiatives.



William Sanford, president of Fairway, will assume the role of interim CEO while the board undertakes a search for a permanent replacement.



Charles Santoro, executive chairman of Fairway, stated: "Herb Ruetsch has helped lead Fairway through a major transformation from a small family business into an iconic, growing specialty food retailer serving some 20 million customer visits annually in the tri-state area.”

Fairway also announced the promotions of Kevin McDonnell to co-president and COO and Edward Arditte to co-president and CFO.