Core-Mark has looked within to find a replacement chief financial officer as 26 year company veteran has decided to step down.
Stacy Loretz-Congdon, senior vice president and chief financial officer of Core-Mark Holding Co. Inc., has informed the company’s Board of Directors that she will be retiring from the company at the end of 2016. Christopher Miller, the company’s current vice president and chief accounting officer, will assume the chief financial officer position, effective May 1, 2016.
Loretz-Congdon, age 56, has 26 years of distinguished service at Core-Mark, holding roles in various accounting and finance functions during that period, including senior vice president and chief financial officer 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 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.”
“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,” Perkins added. “As part of our Board’s commitment to succession planning, some time ago we identified Chris as a candidate for chief financial officer 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.”
“Looking back on my career with Core-Mark, I could not be more proud of what we have accomplished as a company,” Loretz-Congdon. “And looking forward, I am confident in the direction the company is heading, especially with Chris succeeding me as chief financial officer. He knows the company as well as I do, and I look forward to working with Chris to ensure a smooth transition.”