On January 9, 2014, Alan C. Crockett, Executive Vice President and General Merchandise Manager of Fred's, Inc., resigned from those positions. Crockett is a named executive officer of the company. Effective immediately, Fred's Chief Executive Officer Bruce Efird will assume responsibility for managing the company's merchandising and marketing activities, in addition to overseeing the pharmacy department.

Rick Chambers, Executive Vice President Pharmacy Operations, will continue to report to Efird. Jerry Shore, Executive Vice President and Chief Financial Officer, will assume the additional title of Chief Operating Officer and will be responsible for the company's financial operations, information technology, store operations, distribution services, legal, and human resources.