Duane Reade announces new President and Chief Executive Officer
For Immediate Release
New York, NY. November 21, 2005 – Duane Reade, Inc., announced today that Mr. Richard Dreiling has been named President and Chief Executive Officer. Mr. Dreiling today replaces Anthony J. Cuti.
Mr. Dreiling comes to Duane Reade from Longs Drug Stores Corporation, where he was Executive Vice President and Chief Operating Officer.
In a statement, the Board of Directors said, “Rick has a proven track record of achieving operating improvement in merchandising, customer service and inventory management. We are confident that Rick’s broad-based drug store and supermarket experience will accelerate Duane Reade’s operational initiatives launched earlier this year. Rick’s experience and leadership will enhance Duane Reade’s franchise and leading position in the New York metropolitan area.
“At the same time we thank Mr. Cuti for his service with the company.”