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• The Fresh Market yesterday announced the hiring of Randall A. Young as its senior vice president Real Estate and Development. Young is the former vice president, Real Estate at Advance Auto Parts, Inc.

• Recreational Equipment Inc. (REI) named Jerry Stritzke to be its new CEO, succeeding Sally Jewell, who left the company to become the US Secretary of the Interior.

Stritzke is the former president/CEO of Coach. The Seattle Times notes that in his new job, Stritzke will make considerably less than he made at Coach. However, Stritzke was described by REI as being “an outdoor enthusiast” who "hikes, fly-fishes and summits Colorado’s many 14,000-foot mountain peaks."

“He’s not doing this for the money,” says REI chairman John Hamlin said. “He’s doing this because he believes in the mission.”
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