Allegiance Retail Services and Foodtown said Thursday that John Derderian has been named the new president of the companies, effective June 1.
Derderian, who is currently VP – sales/marketing/member development for Allegiance, will succeed Michael Stolarz, who will remain as a senior advisor to Allegiance, its board of managers and its executive management team through the end of the year to ensure a smooth transition in the succession plan.
Stolarz was appointed president of Allegiance in 2011. Derderian, a former Pathmark executive, joined Allegiance in 2012.
David Maniaci, the chairman and CEO of Allegiance Retail Services, LLC and Foodtown, Inc., stated, “The Board of Managers of Allegiance is grateful to Mr. Stolarz for his dedication and wisdom in guiding Allegiance through a challenging period for the independent grocery industry, and has every confidence that Mr. Derderian will provide leadership which will position Allegiance and its patrons for long term prosperity.”
Allegiance, based in Iselin, N.J., functions as a retail services cooperative for the benefit of its patrons, which independently own and operate 88 grocery stores in New York, New Jersey, and Pennsylvania. Allegiance provides advertising, merchandising, administrative and collectivized purchasing services to its patrons. Foodtown owns and controls the Foodtown marks, and provides advertising services to its patrons.
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