"I'm honored to receive this award," said Bergstrom. "But I share it with my finance team, who are as good as any I've worked with. Together, I believe we've made some significant [image-nocss] and lasting impacts on the organization. My focus moving forward is to continue to drive value and set Kum & Go on a path to long-term success."
A Kum & Go associate since 2005, Bergstrom has transitioned the company's financial structure to support significant organic growth from new store builds rather than from acquisitions. Through his leadership and deep understanding of finance and operations, he has helped Kum & Go achieve a 100% revenue increase in a three-year period from $1.1 billion to $2.1 billion.
"The Business Record received numerous nominations from local companies, large and small, for this year's Prairie Meadow CFO of the Year award. From the many deserving nominees, the selection committee was most impressed with Craig Bergstrom's specific accomplishments for Kum & Go during his tenure as CFO," said Janette Larkin, publisher, business publications, Business Record Des Moines. "From developing a syndicated banking agreement to launching an aggressive divesture program, along with numerous other operating efficiencies, it was clear the steps taken under his financial operations leadership contributed significantly to the company's growth and profitability."
Bergstrom was nominated for the award by Kum & Go president and CEO Kyle J. Krause for his successful implementation of a series of initiatives aimed at improving Kum & Go's financial strength. Bergstrom's impact has been felt throughout the company.
"Craig has been a valuable benefit to Kum & Go. In addition to his business skills, Craig's character is what makes him such an asset to our leadership team," said Krause. "He sets an example that trickles down through our organization by showing his genuine interest in others, giving liberally of his own time and resources and expecting no more from others than he does himself. This award is well-deserved recognition for his great work and noteworthy achievements."
Before coming to Kum & Go, Bergstrom, a 26-year veteran, served as the president and CEO for Chef Solutions Inc.
West Des Moines, Iowa-based Kum & Go has more than 400 convenience stores in 12 states (Iowa, Arkansas, Colorado, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Wyoming and Wisconsin).
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