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PART III
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
Information regarding directors and nominees for director is presented under the caption
‘‘Board of Directors’’ in our proxy statement. This information is incorporated by reference.
Our officers are elected by the Board of Directors and hold office until a successor is chosen or
qualified or until their earlier resignation or removal. Sam Duncan, our Chief Executive Officer, has
an employment agreement, which is described under the caption ‘‘Compensation Disclosure and
Analysis’’ and under the caption ‘‘Estimated Termination Benefits—Mr. Duncan’’ in our proxy
statement. This information is incorporated by reference. The following lists our executive officers
covered by Section 16 of the Securities and Exchange Act of 1934 and gives a brief description of
their business experience as of February 25, 2009:
Sam K. Duncan, 57, joined our board of directors and became its chairman on June 30, 2005.
Mr. Duncan became the chief executive officer of the Company on April 18, 2005. Prior to his
election as chief executive officer and president of the Company, Mr. Duncan was president and
chief executive officer of ShopKo Stores, Inc., a multi-department retailer, from October 2002 to April
2005. From 1992 to 2002, Mr. Duncan held various merchandising and executive positions with
Fred Meyer, Inc. (a division of The Kroger Co.) a grocery retailer, including: president of Fred Meyer
from February 2001 to October 2002 and president of Ralph’s Supermarkets from 1998 to 2001.
Mr. Duncan began his retail career in the supermarket industry in 1969 with Albertson’s, Inc., where
he held various merchandising positions until 1992. Mr. Duncan currently serves on the Board of
Trustees of North Central College. He is also a director of Nash-Finch Company.
Bruce Besanko, 50, was first elected an officer of the Company on February 16, 2009.
Mr. Besanko previously served as executive vice president and chief financial officer of Circuit City
Stores, Inc., a leading specialty retailer of consumer electronics and related services from July 2007
to February 2008. Prior to that, Mr. Besanko served as senior vice president, finance and chief
financial officer for The Yankee Candle Company, Inc., a leading designer, manufacturer, wholesaler
and retailer of premium scented candles, since April 2005. He also served as vice president,
finance for Best Buy Co., Inc., a retailer of consumer electronics, home office products,
entertainment software, appliances and related services, from 2002 to 2005.
Deborah A. O’Connor, 46, was first elected an officer of the Company on July 8, 2008. At that
time, Ms. O’Connor became senior vice president, finance and chief accounting officer of the
Company. Ms. O’Connor previously served as senior vice president and controller of the
ServiceMaster Company, a company providing residential and commercial lawn care, landscape
maintenance, termite and pest control, home warranty, cleaning and disaster restoration, furniture
repair, and home inspection services, from December 1999 to December 2007.
Sam Martin, 52, was first elected an officer of the Company on September 17, 2007. At that
time, Mr. Martin became executive vice president and chief operating officer of the Company.
Mr. Martin has responsibility for all areas of Retail, Contract and Supply Chain. Prior to joining the
Company, he served most recently as senior vice president of operations of Wild Oats Markets, Inc.
from January 2006 through September 2007. Prior to joining Wild Oats, Mr. Martin served as senior
vice president of supply chain for ShopKo Stores Inc. from April 2005 through December 2005 and
vice president of distribution and transportation from April 2003 to April 2005. From 1998 until 2003,
he was regional vice president, western region, and general manager for Toys R Us.
Ryan T. Vero, 39, was first elected an officer of the Company on November 1, 2004. Mr. Vero
has served as executive vice president and chief merchandising officer of the Company since June,
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