FRESHDIRECT ACHIEVES PROFIT, LOSES CEO

NEW YORK -- Online grocer FreshDirect here has achieved profitability a little more than a year after it began operating, according to Joe Fedele, the co-founder and chief executive officer, who also said he is stepping down as CEO.Fedele said he turned over the responsibility for day-to-day operations to Jason Ackerman, co-founder and chief financial officer, and Dean Furbush, chief operating officer.

NEW YORK -- Online grocer FreshDirect here has achieved profitability a little more than a year after it began operating, according to Joe Fedele, the co-founder and chief executive officer, who also said he is stepping down as CEO.

Fedele said he turned over the responsibility for day-to-day operations to Jason Ackerman, co-founder and chief financial officer, and Dean Furbush, chief operating officer. Furbush began at FreshDirect in October after previously serving as executive vice

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