SANFORD, N.C. -- The Pantry Inc. has named Frank G. Paci as its new Chief Financial Officer, effective July 2, 2007. He will replace Daniel J. Kelly, who recently announced his intent to retire from The Pantry, effective November 2007.
Paci, 49, joins The Pantry from Blockbuster Inc., where he was executive vice president and had varying responsibilities including finance and accounting, strategic planning and business development. Before joining Blockbuster in 1999, he was with Yum! Brands, where he served for three years as vice president in charge [image-nocss] of Pizza Hut's nontraditional location business, and later in strategic planning. Prior to that, Paci was with Burger King Corp. in a variety of roles for seven years.
Early in his career, he was also with Pillsbury Co. and General Nutrition Centers Inc.
We are delighted to welcome Frank to The Pantry's management team, said Peter J. Sodini, chairman and CEO of The Pantry. He brings with him a broad range of experience in finance and strategic planning with several large public companies. In addition, he has spent virtually all of his career in the specialty retailing and quick-service restaurant industries, both of which are highly relevant to the convenience store business. We believe this remarkable combination of professional experience and industry knowledge will enable Frank to bring a truly unique perspective to his new role as The Pantry's CFO.
Based in Sanford, N.C., The Pantry is the leading independently operated convenience store chain in the southeastern United States and one of the largest independently operated c-store chains in the country, with revenues for fiscal 2006 of approximately $6 billion. As of April 19, 2007, the company operated 1,638 stores in 11 states under banners including Kangaroo Express, its primary operating banner.
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