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Wakefern Food Corp. announced yesterday that Dean Janeway is retiring as president/COO of the company, to be succeeded by Joseph Sheridan, a 35-year veteran of the company who has held the position of executive vice president since 1996.

The company announced that “in honor of Mr. Janeway’s generous spirit and 45 years of service, it has established The Dean Janeway Endowment for Healthcare Excellence at the Foundation of UMDNJ. Mr. Janeway will designate the $1 million endowment to support groundbreaking research, scholarships for future healthcare professionals or patient care and community service programs for the underserved; all programs offered through the University of Medicine and Dentistry of New Jersey.”

Janeway will remain as president emeritus through January 2012.

“Dean has led Wakefern through a period of unprecedented growth,” said Joseph S. Colalillo, chairman and CEO of Wakefern Food Corp. “His dedication to seeing Wakefern’s members succeed is at the heart of our success.”

The retirement was announced as Wakefern reported record annual sales of $12.8 billion for the just-ended fiscal year, up 8.5 percent from a year earlier.
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