Company Announces 2007 Annual Meeting Results
DAYVILLE, Conn., Dec. 10 /PRNewswire-FirstCall/ -- United Natural Foods,
Inc. (Nasdaq: UNFI) (the "Company") today announced the promotion of Carl F.
Koch to the position of Vice President, Human Resources and the appointment of
Robert A. Sigel, former president and CEO of Millbrook Distribution Services
Inc. ("Millbrook"), to the newly created position of President of Specialty
Distribution of UNFI. Mr. Sigel will continue as President of Millbrook,
which was acquired by United Natural Foods in November 2007.
In making the announcements, Michael Funk, United Natural Foods' President
and Chief Executive Officer, commented, "We continue to position the Company
for sustainable growth and we see the wealth of operating experience and
management skills of both Robert and Carl as integral components to the senior
management team we are building at United Natural Foods."
Mr. Koch, age 39, joined United Natural Foods in 2001 and most recently
served as the Company's Vice President of Risk and Compliance with corporate
wide responsibilities for risk management and human resource functions. Prior
to joining the Company, he worked for a nationwide construction staffing
company as their Director of Finance and Risk Management and, previously, was
a manager with the Liberty Mutual Insurance Group. He is a member of the
Society for Human Resource Management and the Risk and Insurance Management
Society. Mr. Koch graduated from Northeastern University in Boston with a BS
in Finance & Insurance and Management and also holds a Masters in Business
Administration from the University of Hartford.
Mr. Sigel, age 54, held several management positions at Millbrook since
1977, including Vice President, Sales and Merchandising, and Executive Vice
President, and was a key factor in building the company from a small
distributor to a full-line distributor with a substantial specialty food
business and an extensive selection of health and beauty care items. In 1986,
McKesson Corporation acquired Millbrook and Bob was promoted to President and
CEO of Millbrook Distributors in 1990. He became a Corporate Vice President of
McKesson in 1995, a position he held until 1997. He graduated from Bowdoin
College with a BA in Economics and from Syracuse University with an MBA in
Accounting and Finance.
2007 Annual Meeting Results
The Company also announced today the results of its Annual Meeting of
Stockholders, held Thursday, December 6, 2007, at the Company's Western Region
headquarters located at 1101 Sunset Boulevard, Rocklin, CA.
The Company's stockholders voted in favor of the two proposals presented
for action at the annual meeting: the re-election of three incumbent
independent directors, Gordon D. Barker, Gail A. Graham and Thomas B. Simone,
to serve as Class II directors until the 2010 annual meeting of stockholders
and the re-appointment of KPMG LLP as the Company's independent registered
public accounting firm for the fiscal year ending August 2, 2008.
Stockholders can access a webcast replay of the annual meeting via the
Investor Relations section of the Company's website at www.unfi.com. The
webcast will be available on the Company's website through January 5, 2008.
About United Natural Foods
United Natural Foods, Inc. carries and distributes more than 40,000
products to more than 17,000 customers nationwide. The Company serves a wide
variety of retail formats including conventional supermarket chains, natural
product superstores, independent retail operators and the food service
channel. United Natural Foods, Inc. was ranked by Forbes in 2005 as one of the
"Best Managed Companies in America," ranked by Fortune in 2006 and 2007 as one
of its "Most Admired Companies," and ranked by Business Ethics as one of its
"100 Best Corporate Citizens for 2006."
For more information on United Natural Foods, Inc., visit the Company's
website at www.unfi.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Statements in this press release regarding the Company's business
that are not historical facts are "forward-looking statements" that involve
risks and uncertainties. For a discussion of such risks and uncertainties,
which could cause actual results to differ from those contained in the
forward-looking statements, including but not limited to general business
conditions, the impact of competition and our dependence on principal
customers, see "Risk Factors" in the Company's quarterly report on Form 10-Q
filed with the Commission on December 6, 2007, and its other filings under the
Securities Exchange Act of 1934, as amended. Any forward-looking statements
are made pursuant to the Private Securities Litigation Reform Act of 1995 and,
as such, speak only as of the date made. The Company is not undertaking to
update any information in the foregoing reports until the effective date of
its future reports required by applicable laws. Any projections of future
results of operations should not be construed in any manner as a guarantee
that such results will in fact occur. These projections are subject to change
and could differ materially from final reported results. The Company may from
time to time update these publicly announced projections, but it is not
obligated to do so.
SOURCE United Natural Foods, Inc.
CONTACT: Mark Shamber, Chief Financial Officer, United Natural Foods,
Inc., 1-860-779-2800; or Joseph Calabrese, General Information, Financial
Relations Board, 1-212-827-3772
Web site: http://www.unfi.com
(UNFI)