SOUTH SAN FRANCISCO, Calif. -- Core-Mark Holding Co. Inc. said that Stacy Loretz-Congdon, senior vice president and chief financial officer, has informed the board of directors that she intends to retire from the company at the end of 2016.
Core-Mark's board will appoint Christopher Miller, who currently serves as vice president and chief accounting officer, to the CFO position, effective May 1, 2016.
Loretz-Congdon, 56, has 26 years of service at Core-Mark, holding roles in various accounting and finance functions during that period, including senior vice president and CFO for the last nine years. She will work closely with Miller to transition her responsibilities and assist the company in an advisory capacity until her retirement on Dec. 31, 2016.
"Stacy has been an integral member of Core-Mark's senior leadership team and has made countless contributions to our growth and success," said Thomas B. Perkins, president and CEO. "Her integrity, dedication and intimate knowledge of our business have been instrumental in helping build Core-Mark into the company it is today. Stacy's efforts have supported our core strategies, helped us maintain a strong balance sheet and positioned us to deliver continued operational excellence. It has been an honor and pleasure to work with Stacy, and on behalf of everyone at Core-Mark, we wish her the very best in her retirement."
He continued, "Chris has been an important part of our leadership team and finance organization for nearly a decade, and brings considerable financial and operational expertise and familiarity with Core-Mark's business. As part of our board's commitment to succession planning, some time ago, we identified Chris as a candidate for CFO and have worked closely with him over the years to prepare him for this role. He is a strong and thoughtful leader, and I am confident that he will be a great chief financial officer for the company."
Miller, 55, has served as vice president and chief accounting officer of Core-Mark since Jan. 2007. Prior to joining Core-Mark, Miller was employed by Cost Plus World Market, a specialty retailer, where he served as vice president and controller from 2002 until 2007. Prior to that, Miller served as CFO of Echo Outsourcing, now part of The Superior Group, from 2000 to 2002 and in various financial roles at Levi Strauss & Co. from 1996 to 2000.
South San Francisco, Calif.-based Core-Mark is one of the largest marketers of fresh and broad-line supply solutions to the convenience-store retail industry in North America. It offers a full range of products, marketing programs and technology solutions to more than 36,500 customer locations in the United States and Canada through 28 distribution centers. Core-Mark services traditional convenience-store retailers, grocers, drug, liquor and specialty stores and other stores that carry convenience products.
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