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COO Crane departs The Fresh Market

Sean Crane, The Fresh Market COO who earlier this year served as its interim CEO, has left the company, the retailer said in a filing.

Jon Springer, Executive Editor

December 4, 2015

1 Min Read
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Sean Crane, The Fresh Market COO who earlier this year served as its interim CEO, has left the company, the retailer said in a filing.

Crane was named interim CEO following the departure of Craig Carlock in January, and was a candidate to become permanent CEO but was passed over in favor of newly hired Rick Anicetti. He had been with the specialty retailer since 2000 and was COO since 2012. The filing said Crane was terminated “without cause.”

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In the same filing, The Fresh Market, Greensboro, N.C., detailed new retention agreements for current top executives Jeffery Ackerman and Scott Duggan. Ackerman, Fresh Market’s CFO, was granted restricted stock units worth $600,000 which will be granted if he stays with the company through December of 2017. Duggan, the company’s general counsel, received $400,000 in restricted stock units. Both agreements stipulate the options vest in the event of a change of control of the company.

The Fresh Market board earlier this year said it was exploring strategic options. According to reports, the company's was considering a going-private transaction led by founder Ray Berry.

About the Author

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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