“As trade relations and public policy issues increasingly cut across industry lines, FMI and FDI realized that merging our organizations makes sense. This action will enable us to capitalize on our strengths and provide more strategic solutions for our members,” remarked Tim Hammonds, FMI president and CEO.
Under the plan, subject to ratification by FDI’s membership, FDI’s wholesale grocery member companies will join an umbrella organization with members of the Food Marketing Institute. FDI president John R. Block will serve as President of the new FMI Wholesale Division and as executive vice president at FMI. The division will be represented by a Wholesale Advisory Board of Directors under the overall association governing Board, with its own slate of officers, Chairman, President and Committees. This will be reflected in the FMI bylaws.
To ensure the priorities of the wholesaler segment receive full consideration under the merged association, the FDI Chairman and immediate Past Chairman will serve on FMI’s Executive Committee and additional FDI wholesale board members will be added to the FMI Board.The agreement will be effective January 1, 2003, and beginning on this date:
All FMI and FDI programs and events will proceed as scheduled through the rest of this year.
Food Marketing Institute proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI foundation, visit www.fmifoundation.org.
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