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BOULDER, Colo. -- Natural and organic foods retailer Wild Oats Markets, Inc., based here, said yesterday that Dan Bolstad has been appointed s.v.p. of operations, effective Monday, July 25. Bolstad replaces Edward Dunlap, who has resigned from the company.
A food retail industry veteran with more than 25 years of operations and management experience, Bolstad most recently served as s.v.p. of operations for ShopKo Stores in Green Bay, Wis., a 140-store chain of multidepartment retail stores. He spent 27 years at Kroger-owned Fred Meyer Stores in the Pacific Northwest, rising to s.v.p. of operations from 2001 to 2003, a job whose responsibilities included managing day-to-day operations of 132 stores in six regions. Before that, Bolstad held various management roles in store operations and merchandising at Fred Meyer.
"With his deep operations experience in the food retail industry, we know Dan will be a strong asset to our company and will help take our store operations to the next level," said Wild Oats president and c.e.o. Perry Odak in a statement. "We have built a team of seasoned professionals with significant experience in food retailing, which will aid in our success as we enter a high-growth phase for Wild Oats Markets."
To induce Bolstad to join Wild Oats, the company has created an individual equity incentive plan that reserves for issuance of 100,000 shares of common stock, at a strike price of $12.37, vesting 25 percent on the first anniversary date of the plan's creation, and monthly thereafter over the remaining 36 months.
Wild Oats Markets currently operates 110 stores in 24 states and British Columbia under the Wild Oats Natural Marketplace, Henry's Farmers Market, Sun Harvest, and Capers Community Markets banners.