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Jack Baker Retires from Baker's Supermarkets and Fleming's Board of Directors.

Business Editors

OKLAHOMA CITY--(BUSINESS WIRE)--April 25, 2000

Fleming (NYSE:FLM) today announced Jack Baker is retiring from both Baker's Supermarkets as Chief Executive Officer and as a member of Fleming's Board of Directors.

His retirement will be effective in June 2000.

Baker's Supermarkets operates 16 supermarkets in Nebraska. For 27 consecutive years Baker's has been the most preferred supermarket company in its Omaha trade area.

Baker and his brother Robert began their grocery careers working with their parents, Abe and Helen Baker, who founded Baker's Supermarkets in 1926. He was named Chief Executive Officer of Baker's in 1992 when Baker's was acquired by Fleming. Baker became a member of Fleming's Board of Directors in 1996.

"My career at Baker's has been a remarkable and rewarding experience," Baker said. "I will always cherish working with family members and our associates as we developed Baker's into Omaha's most preferred grocer. I am grateful to our customers and our community for providing a supportive environment to grow an outstanding enterprise. I look forward to spending more time with my family and at PDM, our family-owned property development business." Baker is the president and CEO of PDM, Inc., which owns, develops, and manages shopping centers and commercial properties. "My wife and I will continue to be involved in the Omaha community," said Baker. "We live in a wonderful city, and we want to return the generous support our area has given our family and Baker's Supermarkets throughout the years."

"Jack's leadership and retail expertise has been a true benefit to our business and the Board of Directors. Jack has been a very valuable board member," said Fleming Chairman and CEO Mark Hansen. "He has been especially helpful with the development of our asset rationalization and strategic growth plans, which are designed to positively position Fleming to meet the evolving needs of our customers."

"Jack understands how to succeed in our industry. He and his family grew a single grocery store to the most preferred supermarket company in the Omaha trade area for over a quarter of a century. We will miss him, his insight, and many years of experience," said Hansen.

Baker has been a leader in industry, civic and charitable activities for many years. Previous involvements include Greater Omaha Chamber of Commerce Chairman 1993, Food Marketing Institute Vice Chairman 1993-1995, and United Way of the Midlands/CHAD 1998 Campaign Co-chair with his wife Judy. He is currently a member of the STRATCOM Consultation Committee, a governor of the Knights of Ak-Sar-Ben, and a board member of United Way of the Midlands/CHAD. Fleming is an industry leader in distribution and has a growing presence in value retailing and business-to-business e-commerce. Fleming's primary business is buying and selling merchandise. Fleming serves some 3,000 supermarkets, supercenters, discount, convenience, limited assortment, drug, specialty and other retail businesses across the country.
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Publication:Business Wire
Date:Apr 25, 2000
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