Company Press Release
Ingles Markets, Incorporated (NASDAQ: IMKTA) announced that effective today, Robert P. Ingle, II and the Company’s Board of Directors appointed Jim Lanning as CEO/President of Ingles Markets, Inc. Mr. Lanning will continue to work with and report to Mr. Ingle, who will retain the title of Chairman of the Board (which he has held since 2004) and continue his day-to-day active operational role in the executive leadership of the Company.
Mr. Lanning joined Ingles as a student in 1975 and has served as President of the Company since 2003. As CEO/President, he will continue his leadership role within the Company.
“Jim has shown outstanding leadership qualities as President for the past 13 years. I am proud at this time to expand his role for the Company’s future growth, flexibility and development,” said Mr. Ingle.
About Ingles Markets, Incorporated
Ingles Markets, Incorporated is a leading supermarket chain with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 202 supermarkets. In conjunction with its supermarket operations, the Company operates neighborhood shopping centers, most of which contain an Ingles supermarket. The Company also owns a fluid dairy facility that supplies Company supermarkets and unaffiliated customers. The Company’s Class A Common Stock is traded on The NASDAQ Stock Market’s Global Select Market under the symbol IMKTA. For more information, visit Ingles’ website www.ingles-markets.com.
Contact: Ron Freeman, Chief Financial Officer, (828) 669-2941 (Ext. 223)