Edward Arditte, chief financial officer and co-president of Fairway Group Holdings, has resigned, the owner of New York’s Fairway Market chain said in a filing with U.S. Bankruptcy Court.
Arditte joined Fairway as a consultant in 2012 and was named EVP and CFO that December. He held the co-president role with COO Kevin McDonald. Arditte prior to Fairway had more than 25 years in financial roles for Tyco International, BancBoston Capital and Textron.
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According to the filing, Arditte’s final day was June 5. His separation agreement provides for the payment of one year’s severance upon the delivery of a customary release and his compliance with the non-compete and non-solicitation provisions.
Fairway filed for Chapter 11 bankruptcy protection in May. The Wall Street Journal reported Tuesday that a judge has approved the reorganization plan.
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