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Development Exec Leaves The Fresh Market

GREENSBORO, N.C. — The Fresh Market here said Tuesday that Randy Kelley, senior vice president of real estate and development, is leaving the company to pursue another business opportunity in real estate.

Kelley, who has been with the fast-growing specialty retailer for the past nine years, will remain “through early spring,” The Fresh Market said in a statement.

“Randy has been a valuable member of our team and instrumental in building an outstanding group of real estate and development professionals,” said Craig Carlock, president and chief executive officer. “We are proud of the strong real estate strategy and disciplined processes he has instilled at The Fresh Market, which brought record store openings last year and allows us to enter fiscal 2013 with a full pipeline. The company will be well-served by the structure that Randy put in place, and we wish him the best as he starts his new real estate venture.”

Read More: The Fresh Market Cites Sales Slowdown

As the company searches for Kelley's replacement, Rob Koch, senior director of real estate, will oversee real estate activities, and Steve Showalter, vice president of construction, will oversee development activities.

The move comes as The Fresh Market continues its aggressive expansion strategy, projecting 15% growth in new units annually.

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