Fred's, Inc. announced the appointment of Jason Jenne as Executive Vice President and Chief Financial Officer. Mr. Jenne succeeds Rick Hans, who is stepping down from the Company to pursue other opportunities. Mr. Hans will remain in an advisory capacity until August 18, 2017 and will work closely with Mr. Jenne to ensure a smooth transition.

Mr. Jenne joined Fred's Pharmacy in September 2016 as Senior Vice President, Finance. In addition to leading financial and risk management across the Company, Mr. Jenne will be responsible for ensuring that the finance organization enables Fred's Pharmacy to successfully execute its healthcare transformation and capitalize on the significant market opportunities ahead. These responsibilities include oversight of cash flow, SG&A management and capital allocation strategy.

In addition to his financial and operational acumen, Mr. Jenne has demonstrated a unique ability to navigate a complex and competitive business environment, as well as manage a transformation within the constantly evolving retail and healthcare industries.