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Charlotte-based Ruddick declares Qtly dividend
22
Feb '08
Ruddick Corporation announced at its Annual Meeting of the Shareholders the retirement of Edwin B. Borden, Jr. and R. Stuart Dickson from the Board of Directors and reported on other actions approved by the shareholders.

Ed Borden joined the Company's Board of Directors in 1991 and during his 17 years has served on various Board committees and most recently as the Chairman of the Corporate Governance & Nominating Committee.

Stuart Dickson and his brother, Alan Dickson, founded Ruddick Corporation in 1968. At that time Stuart was elected Chairman of the Board, a position he held for 26 years when he then became Chairman of the Executive Committee in 1994 to initiate the management succession process at Ruddick.

In 2002, Stuart retired as an executive officer of the Company but continued to serve as a director and Chairman of the Executive Committee. Stuart's tenure as a director of Ruddick Corporation spanned 40 years.

Subsequent to acknowledgement of appreciation for the wisdom, guidance and counsel provided over the years by the retiring directors, the shareholders reelected John P. Derham Cato and Isaiah Tidwell to the Board of Directors.

In addition, William C. Warden, Jr. was elected to the Board of Directors. Mr. Warden joined Lowes Companies Inc as Senior Vice President, Secretary and General Counsel in 1993 and became Executive Vice President of Administration in 1995 with responsibility for Real Estate, Engineering and Construction, Loss Prevention and Safety, Internal Audit, Administration and Legal. Mr. Warden retired from Lowes Companies Inc in 2003 and is now active in real estate investing.

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