NEW YORK -- Online grocer FreshDirect here has achieved profitability a little more than a year after it began operating, according to Joe Fedele, the co-founder and chief executive officer, who also said he is stepping down as CEO. Fedele said he turned over the responsibility for day-to-day operations to Jason Ackerman, co-founder and chief financial officer, and Dean Furbush, chief operating officer. Furbush began at FreshDirect in October after previously serving as executive vice ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.  What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.

Click here to read the FAQ page if you have any questions (opens in a new window)

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.