Weis Markets on Wednesday said that chairman Robert F. Weis would not stand for reelection to its board of directors at the company's annual meeting later this month.
Weis, 95, indicated that his decision not to stand for reelection was motivated by his desire to focus on his health. Weis has served as an employee, director or officer since 1946 and was appointed chairman in April 2002. The board said Weis would be appointed to an honorary position of chairman emeritus in recognition to his many years of service to the company.
The Weis Markets board has not designated a substitute nominee and has reduced the size of the board from six to five, effective at the annual meeting.
Jonathan H. Weis, currently the vice chairman of the board, as well as president and CEO of the company, has been elected by the board as its new chairman effective at the annual meeting, pending shareholder approval. Jonathan Weis is the son of Robert Weis.
"We are deeply indebted to Robert for his 69 years of leadership and tireless dedication to our company," Harold G. Graber, Jr., a director and secretary of the Sunbury, Pa., company.
"My father's contributions to the growth and development of Weis Markets are far too many to detail," Jonathan Weis added. “Throughout the years, I have relied on him for valuable advice, and he has always been available to discuss any detail or issue."
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