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Alan T. Dickson is retiring from the board of directors or Ruddick Corp., parent company of grocer Harris Teeter. News of the retirement was made public last week at Ruddick’s annual shareholders meeting.
Dickson and his brother, Stuart, founded Ruddick in 1968. However, Alan Dickson’s association with the company dates back to 1957, when he joined textile company American & Efird, Inc. He subsequently held various management positions there, including president. Alan Dickson then became president of Ruddick, a position he held until 1994, when he became chairman of the board. He was chairman until 2006, when he retired as an executive officer of Ruddick, but remained a director.
Shareholders re-elected the remaining 10 board directors to serve until the next annual meeting. Also at the meeting last week, the company said that the board had declared a quarterly dividend of 12 cents per share, to be paid on April 1, 2010, to shareholders of record on March 12, 2010.
Charlotte, N.C.-based Ruddick’s two primary operating subsidiaries are Harris Teeter, Inc., a regional supermarket chain with operations in eight states primarily in the southeastern and mid-Atlantic United States, including the District of Columbia, and American & Efird, Inc., a global manufacturers and distributors of industrial sewing thread, embroidery thread and technical textiles.