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For Immediate Release:
Office of Public Relations
Fairleigh Dickinson University
1000 River Road
Teaneck, NJ 07666
285 Madison Avenue
Madison, NJ 07940
Anthony Cuti Named 2004 Charter Day Honoree
Teaneck, NJ (April 28, 2004) --- Fairleigh Dickinson University’s 15th Annual Charter Day on June 4, 2004, will honor alumnus Anthony J. Cuti, the chairman, CEO and president of Duane Read Inc. The Charter Day Award honors individuals who have distinguished themselves as outstanding leaders in their professions and their communities.
Proceeds from this event support academic scholarships for undergraduates at Fairleigh Dickinson. Charter Day Scholars are students who exhibit significant leadership on campus and in the larger community, and who maintain the highest academic standards.
The 2004 honoree, Anthony J. Cuti, is chairman, president and chief executive officer of Duane Reade Inc., New York’s largest chain drug retailer. During his eight-year tenure, Duane Reade has grown from 59 to 240 stores, generating approximately $1.4 billion in sales, with the number-one market share in the metropolitan New York area.
He began his career as a research pharmacologist for Ciba-Geigy Corporation in 1967 and later joined Arthur Andersen in 1971. In 1972, he joined Revlon and was named chief financial officer of the Revlon Healthcare Group in 1980. Bristol Myers Corporation recruited him in 1984 to serve as chief financial officer of the Bristol Myers International Group.
In 1990, Cuti 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.
He is a director of the National Association of Chain Drug Stores (NACDS) and a member of its executive committee and a director of the Chain Drug Consortium, LLC (CDC). He also is a director of the Greater New York Council of the Boy Scouts of America.
Cuti is a trustee of Fairleigh Dickinson University and serves on the University’s Silberman College of Business Board of Advisers. In 2002, he was inducted into the University’s PINNACLE Society, one of the highest honors the University can bestow on its alumni.
He received his undergraduate degree from Rutgers and earned his master in business administration from FDU.
Since 1990, Charter Day activities have raised nearly $3 million to fund Charter Day scholarships. The success of Charter Day is due to the support of corporations, foundations, alumni and friends of the University and to the dedication of the members of the Executive Dinner Committee, chaired this year by Robert M. Hallenbeck, Esq., BD (Becton Dickinson Company).
Cuti Photo Link