Core-Mark Announces Executive Appointments
December 20 2018 - 8:30AM
Core-Mark Holding Company, Inc. (NASDAQ: CORE) ("the Company"), one
of the largest marketers of fresh and broad-line supply solutions
to the convenience retail industry in North America, today
announced three executive appointments, all of which take effect on
January 1, 2019:
- William G. Stein has been named to the new position of SVP,
Enterprise Growth, with responsibility for overseeing and executing
on Core-Mark’s growth strategies, including those related to market
share expansion, helping customers grow their sales profitability
and executing on our category management initiatives. Mr. Stein is
currently serving as SVP, Eastern Divisions.
- Christopher K. Hobson has been named SVP, Eastern Divisions,
succeeding Mr. Stein and moving from overseeing the Company’s
Western Divisions. Under his leadership, the Western
divisions made sizable contributions to the Company’s overall
success this year.
- Alan T. Thomas has been named SVP, Western Divisions,
succeeding Mr. Hobson and moving up from his previous role of
Division President of the Company’s Corona, CA division, where he
led the division through several successive years of profitable
growth.
“Today’s appointments position three outstanding
Core-Mark leaders to leverage their strengths in driving the
Company forward in 2019 and beyond,” stated Scott E. McPherson,
President and Chief Executive Officer. “The new Enterprise
Growth role reflects Core-Mark’s commitment to growing market share
and customer sales and profits by leveraging our industry leading
retail marketing strategies. Throughout his career, Bill has
been instrumental in growing sales for the Company, and has a
tremendous reputation with customers and vendors alike, making him
the ideal choice to lead this important initiative for the
company. I’m also excited about our new Western and Eastern
division leadership. Chris has done an excellent job driving
performance and efficiency in a large and complex operational
footprint. With our national expansion over the past decade
into the store-dense Eastern Region and significant opportunities
ahead, it’s the right time to bring Chris’ skills and expertise to
bear on this growing operation. Finally, Alan Thomas has an
impeccable record of driving performance in the divisions he has
operated for the company, and we are excited to see him leverage
his expertise across the Western Region.”
“All together, these moves position Core-Mark to
further enhance innovation and best-in-class service to our
customers and to execute on market share expansion opportunities
across North America, while continuing to leverage our cost
structure and enhance shareholder value,” concluded McPherson.
About William G. SteinWilliam G. Stein has
served Core-Mark for 25 years, including the last five years as SVP
of the Eastern Divisions. Prior to his current role, Mr.
Stein was the President of the Fort Worth Distribution Center,
following a successful tenure as its General Sales Manager.
He also previously held key roles in corporate merchandising and
food service. Prior to joining Core-Mark, Mr. Stein served in
sales positions for McLane/Sandy's Fast 'n Fresh.
About Christopher K. HobsonChristopher K.
Hobson, an 18-year Core-Mark veteran, has served as Senior Vice
President-Western Divisions since October 1, 2017, and previously
held the role of Senior Vice President of Sales and Marketing from
January 2013. He also led marketing efforts for the Company’s
Fresh & Vendor Consolidation Initiatives, served as President
of the Company’s Corona and Hayward Divisions, and held positions
in the area of sales management. Mr. Hobson joined Core-Mark
from 7-Eleven.
About Alan T. ThomasAlan T. Thomas joined
Core-Mark 17 years ago, and for the past 10 years, has served as
the Division President in three of the Company’s largest
distribution centers: Corona, Los Angeles and
Albuquerque. Prior to his division management roles, Alan
progressed through the Company’s sales ranks, culminating in the
role of General Sales Manager of our Corona Division. Mr.
Thomas joined Core-Mark from 7-Eleven.
Core-MarkCore-Mark is one of
the largest marketers of fresh and broad-line supply solutions to
the convenience retail industry in North America. Founded in
1888, Core-Mark offers a full range of products, marketing programs
and technology solutions to over 44,000 customer locations in the
U.S. and Canada through 32 distribution centers (excluding two
distribution facilities the Company operates as a third party
logistics provider). Core-Mark services traditional
convenience retailers, grocers, drug, liquor and specialty stores,
and other stores that carry convenience products. For more
information, please visit www.core-mark.com.
Forward-Looking Statements
Except for historical information, the
statements made in this press release are forward-looking
statements made pursuant to the safe-harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are based on certain assumptions or estimates, discuss
future expectations, describe future plans and strategies, contain
projections of results of operations or of financial conditions or
state other forward-looking information. Our ability to predict
results or the actual effect of future plans or strategies is
inherently uncertain.
Although we believe that the expectations
reflected in such forward-looking statements are based on
reasonable assumptions, our actual actions and results could differ
materially from those set forth in the forward-looking statements.
Forward-looking statements in some cases can be identified by the
use of words such as “may,” “will,” “should,” “potential,”
“intend,” “expect,” “seek,” “anticipate,” “estimate,” “believe,”
“could,” “would,” “project,” “predict,” “continue,” “plan,”
“propose” or other similar words or expressions. These
forward-looking statements are based on the current plans and
expectations of our management and are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those discussed in such forward-looking statements. Except as
required by law, we undertake no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact:
Ms. Milton Gray Draper
Director of Investor Relations
650-589-9445 x 3027
mdraper@core-mark.com
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