Fairway CEO retires amid realignment

Fairway Group Holdings said Thursday that CEO Herbert Ruetsch plans to retire after 15 years with the company, parent of the Fairway Market chain, as it launches an “organization realignment” to cut costs.

William Sanford, currently president of Fairway, was named interim CEO. The company said its board will begin a CEO search shortly.

In addition, Fairway named two co-presidents to suc

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