Contact: Lori Willis

Director of Communications


Feb. 8, 2006

Schnucks Announces Senior Management Promotions

Grocery Company has Promoted Executives to Key Positions in Grocery, Technology, Logistics and Manufacturing

Scott Schnuck, president and CEO of Schnuck Markets, Inc., today announced promotions of three key leaders who will begin assuming responsibility for major departments within the company's multi-state grocery operation.

Richard (Rick) Frede, Jr., 52, group vice president of grocery, dairy and frozen foods, has been promoted to senior vice president of logistics and manufacturing reporting to Scott Schnuck. Frede will be responsible for all warehousing, transportation and manufacturing facilities.

Frede, a native St. Louisan, joined Schnucks as a courtesy clerk at the Cool Valley store in 1971. He quickly rose through the ranks, building his career working in the company stores rising from store manager to division manager. He became group vice president in 1990.

Schnuck says, "Rick's experience on the procurement side of the business, as well as his store management experience, gives him a unique perspective in operating our facilities and fleet of trucks on the supply side. I know he will do an outstanding job in his new assignment."

Frede holds a bachelors degree in history from and University of Missouri-St. Louis and is certified to teach in the field. He and his wife, Kathy, live in Hazelwood, Mo. (63042)

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Lori A. Caster, CPA, formerly vice president and controller of Schnuck Markets, has been tapped to head up the company's grocery division. As the new group vice president of grocery, dairy and frozen foods, Caster will report to Randy Wedel, senior vice president of marketing and merchandising. She will have responsibility for selecting, procuring and pricing products that will find their way onto grocery shelves of all Schnucks and Logli stores in seven states.

Caster, 39, a former partner with PricewaterhouseCoopers, LLP, came to Schnucks in 2001 from the position of controller with Bridge Information Systems. In the past five years she has worked for Schnucks, Caster has been a part of the leadership team that has seen the $2.2 billion enterprise through a series of growth initiatives including the acquisition of 12 Seessel's stores in the Mid-South.

Schnuck anticipates that grocery-buying operations will benefit greatly from Caster's financial background. He explained, "I believe Lori's keen analytical skills and expertise in audit and business advisory services as well as her management skills, will enable her to be a strong advocate for customers as she works to strengthen vendor relationships and bring in the best variety of food at the best values."

Caster graduated magna cum laude from the University of Missouri-Columbia. In recognition of her professional and community contributions, in 2004, the St. Louis Business Journal named Caster as one of "St. Louis's Most Influential Business Women."

Caster, her husband Phil and two daughters live in Ladue, Mo. (63124)

Schnuck says that in the coming weeks, the company will begin the search for qualified candidates to fill the position of Controller.

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In another strategic move at Schnucks, Mark G. Zimmerman, 45, vice president of information technology will now take full responsibility for the systems development and retail systems areas. Zimmerman will report to Todd Schnuck, executive vice president.

Zimmerman, whose career began in the Air Force, has more than 20 years of experience in information systems. He joined Schnucks in 1997 as manager of systems development and since then has helped to oversee the implementation of several major advancements in the company's merchandising systems.

His education includes a bachelors degree in business administration from Southern Illinois University at Edwardsville and an Executive MBA from Washington University. He is a member of the MERS/Goodwill Business Advisory Council, the United Way Technology Committee and the Regional CIO Forum. He serves on the University of Missouri-St. Louis MIS Board of Visitors and on the Food Marketing Institute's IT Committee.

Zimmerman, his wife, Diane, and two daughters reside in O'Fallon, Ill. (62269)


Scott Schnuck says these latest rounds of promotions came about due to the retirement of a key member of the company's executive team, Senior Vice President Robert (Bob) Drury, 59, who announced his retirement earlier this year.

"We were extremely fortunate to have had the benefit of Bob's experience and expertise for the past 11 years," said Schnuck. "Having worked for Pet Incorporated for 25 years prior to joining Schnucks, Bob came on board with a unique background of manufacturing, logistics and information technology at a time when both were in critical transition stages for the company. By effectively meeting the challenges in these areas, Bob has helped our company improve in efficiency and grow in ways that will continue to benefit our customers down the road."

Founded in St. Louis in 1939, Schnuck Markets, Inc. currently operates 102 stores (including five Logli stores) and 99 pharmacies in Missouri, Illinois, Indiana, Wisconsin, Tennessee, Mississippi and Iowa.

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