Consumer >> CEO Interviews >> April 14, 2002

Anthony Cuti – Duane Reade Inc (drd)

JOHN K. HENRY has been Senior Vice President, Chief Financial Officer and Secretary of Duane Reade, Inc. since August 1999. Prior to joining Duane Reade, Mr. Henry was Senior Vice President and Chief Financial Officer of HPD Holding Corp., d/b/a Global Household Brands, from 1998 to 1999; Executive Vice President and Chief Financial Officer of Rickel Home Centers from 1994 to 1998; and Vice President of Finance of Supermarkets General Holdings Corporation from 1992 to 1994. Profile
ANTHONY J. CUTI has been Chairman, President and Chief Executive Officer since April 1996 of Duane Reade Inc., New York's largest chain drug retailer. In June 1997 Mr. Cuti led management, together with DLJ, in the purchase of Bain Capital's ownership of Duane Reade. In February 1998 Duane Reade successfully launched an initial public offering of its stock which trades on the New York Stock Exchange under the symbol 'DRD'. Mr. Cuti is a graduate of Rutgers University and holds an MBA from Fairleigh Dickinson University. He began his career as a research pharmacologist for the Ciba-Geigy Corporation in 1967. He joined Arthur Andersen in 1971 and was licensed as a Certified Public Accountant in New York State. Mr. Cuti joined Revlon in 1972 and during the ensuing 12 years he held progressively more responsible positions and was named Chief Financial Officer of the Revlon Healthcare Group in 1980. In 1984 he was recruited by the Bristol Myers Corporation to serve as Chief Financial Officer of the Bristol Myers International Group. In 1990 he joined Supermarkets General Corporation, operator of Pathmark Stores, and in 1993 was named President of Supermarkets General and Pathmark and a Director of the company's Board. During Mr. Cuti's tenure, Duane Reade has grown from a 59-store chain to a 234- store chain generating approximately $1.3 billion in sales revenue with the number one market share in the metropolitan New York area. Profile
TWST: Could we start with a brief overview of the history and evolution

of Duane Reade?

Mr. Cuti: Duane Reade is a company founded in late 1959 by the Cohen

Brothers. They actually operated