×

Fairway Group Holdings Corp. Appoints Leadership Team for New Production Center

NEW YORK, July 11, 2013 (GLOBE NEWSWIRE) -- Fairway Group Holdings Corp. ("Fairway") (Nasdaq:FWM), the parent company of Fairway Market, today announced the appointment of two executives who will focus on the Company's new production facility which will serve as the state-of-the-art central commissary, bakery, and produce distribution site with the capacity to support approximately 30 stores.

Mr. Dan Myers joined Fairway as Senior Vice President, Production and Distribution Center and will be responsible for all aspects of operations at Fairway's new approximately 240,000 square-foot production center. Mr. Dennis Tortora joined as Controller, Production and Distribution Center and will be responsible for the facility's financial and operating controls and systems. The Company expects the production center will begin operations in late 2013.

Mr. Myers has years of operations, food manufacturing and distribution management experience, having most recently served as Executive Vice President of Operations for DeMet's Candy Company. Prior to joining DeMet's he served in a variety of roles, including Plant Manager and Vice President of Manufacturing.

Mr. Tortora joins Fairway having most recently served as Chief Financial Officer and Treasurer of Balance Bar. Over his career, Mr. Tortora has held various financial, operational and administration positions.

"We are very pleased to welcome Dan and Dennis to Fairway as we continue our focus on building a team to support our new central production center and our future store growth opportunities," said Charles Santoro, Fairway's Executive Chairman. "We look forward to Dan and Dennis' contributions and believe their extensive food manufacturing, operational and financial experience will help us as we further execute on our mission to provide the best fresh, natural, organic and conventional foods to our customers at great values."

About Fairway Market

Fairway Market is a high-growth food retailer offering customers a differentiated one-stop shopping experience "Like No Other Market®." Fairway has established itself as a leading food retailing destination in the Greater New York City metropolitan area, with stores that emphasize an extensive selection of fresh, natural and organic products, prepared foods and hard-to-find specialty and gourmet offerings, along with a full assortment of conventional groceries. Fairway is headquartered in New York, New York.

CONTACT: Fairway Group Holdings Corp. Nicholas Gutierrez Manager of Finance & Investor Relations (646) 616-8103 nicholas.gutierrez@fairwaymarket.comSource:Fairway Group Holdings