Fareway

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Fareway Stores, Inc.
Type Private
Industry Retail
Founded 1938
Headquarters Boone, Iowa (USA)
Number of locations 100+
Key people Reynolds Cramer – CEO
Fred R. Greiner – President
Craig A. Shepley – CFO
Employees 5,000 employees[citation needed]
Website www.fareway.com

Fareway Stores, Inc. is a retail grocery store chain based in Boone, Iowa.

History[edit]

Opened on May 12, 1938 in Boone Iowa, the first Fareway Store was founded by Paul S. Beckwith. Fred E. Vitt was named Boone store manager as well as vice president of the Fareway organization. Paul S. Beckwith's daughter, Pauline, married Wayne Cramer, who also became part of the executive organization. The Company opened a corporate headquarters store in Ames, followed by additional locations in Webster City, Fort Dodge, Estherville, Carroll and Oelwein.

When it came to choosing where the next Fareway Store would be built, Paul was fond of saying "follow the black dirt" because he believed the Company's values were in perfect sync with those living in the country's breadbasket- people who were hard-working, who understood the value of a dollar and to whom family was everything.

Pauline (Beckwith) Cramer's grandson, Reynolds Cramer, was elected to the position of Chief Executive Officer in February 2014. Paul S. Beckwith's grandson, Rick Beckwith, is the current Fareway Chairman of the Board. Fred Greiner is the current President.[1]

As of 2013, the chain has 107 stores in Iowa, Illinois, Minnesota, and Nebraska, and in 2013, Fareway opened a store in Sioux Falls, South Dakota.[2]

References[edit]

  1. ^ http://newsrepublican.com/news/fareway-names-reynolds-cramer-new-ceo.html?i
  2. ^ Argus Leader, "City's newest grocery opens" (May 2nd, 2013 - retrieved on May 7th, 2013).