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ELIZABETH, N.J. -- Last week's annual meeting of the Wakefern Food Corp. in Whippany, N.J., struck a congratulatory note consistent with the occasion: The meeting coincided with the company's 60th anniversary. To add to the festive atmosphere, Wakefern's board of directors said that the co-op had attained a record sales level of $9.2 billion retail sales for fiscal year 2005.
In his keynote address, Joseph S. Colalillo, who succeeded Thomas P. Infusino as chairman last year, urged the attendees to keep up the great work. "Let's agree to be an exceptional steward of the legacy we have been given; to preserve and expand this co-op for the next generation; to make the next 60 years of ShopRite as successful as the first," noted Colalillo.
During the event Wakefern shareholders re-elected Colalillo chairman of the board and c.e.o. Also elected to executive officer and board member posts were Dominick Romano, James Sumas, and Larri Wolfson, vice chairmen; Lawrence Inserra Jr., treasurer; Richard Saker and George Zallie, assistant treasurers; Irv Glass, secretary; Joel Perlmutter, Ned Gladstein, and Steven Ravitz, assistant secretaries. President and c.o.o. Dean Janeway and e.v.p. Joseph Sheridan were also re-elected as executive officers.
Re-elected to the board were Thomas Infusino as chairman emeritus, Jeffrey Brown, Sam Chapman, Rocco Cingari, Lawrence Collins, Jon Greenfield, Charles Infusino, Bernard Kenny, Leonard Sitar, and Richard Tully. Robert Clare was newly elected to the board.
Wakefern, the largest retailer-owned cooperative in the United States and one of the largest employers in New Jersey, consists of 42 members who individually own and operate supermarkets under the ShopRite banner in New York, New Jersey, Delaware, Pennsylvania, and Connecticut. Together Wakefern, the merchandising and distribution arm of the company, and the almost 200 ShopRite stores employ more than 40,000 associates.