Fred's names interim chief Joseph Anto as new CEO
Fred's Inc. late Monday said it named Joseph Anto, who had been serving as interim chief executive officer since April and financial chief since February, as the new CEO. The company also appointed Nathaniel Klein as chief operating officer and Ritwik Chatterjee as chief financial officer. Shares of Fred's were unchanged in the extended session after rallying 5.2% to close at $3.03 a share. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.