Duane Reade Names Lederer Chairman, CEO

NEW YORK — John Lederer, the former president of Canadian grocery giant Loblaw Cos., was has been named chairman and chief executive officer of drug chain Duane Reade Holdings here. Lederer will assume his duties this week, Duane Reade said. David W. D’Arezzo, who has been serving as interim CEO at Duane Reade since its former CEO, Rick Dreiling, in January left for Dollar General, will resume his duties as senior vice president and chief marketing officer. Lederer served at Toronto-based Loblaw for 30 years and was named president there in 2001. He resigned in 2006 as part of a management shakeup. Tyler J. Wolfram, a director of Duane Reade and a partner in Oak Hill Capital Partners, the private equity group that owns the 218-store retailer, in a statement called Lederer “one of the finest executives in the retail industry” who would allow Duane Reade to “accelerate its next phase of growth.”

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