Fred's Inc. announced the appointment of Joseph Anto as Executive Vice President and Chief Financial Officer, effective immediately. Anto succeeds Jason Jenne, who is leaving the company. Mr. Jenne will remain in an advisory capacity until February 26, 2018, and will continue to work closely with Mr. Anto to ensure a smooth transition.

Anto brings more than fifteen years of finance, M&A and business development experience to the company. Previously, he served as Senior Vice President of Strategy and M&A at MediaNews Group, Inc.