The Pantry Names Mark Bierley as CFO

Cary, N.C.-based The Pantry Inc. an independently operated convenience store chain in the southeastern U.S., has appointed Mark Bierley as the company’s senior vice president and chief financial officer, effective Sept. 27, 2010.

Bierley replaces Frank Paci, who has informed the board of directors that he plans to resign, effective Sept. 26, 2010, to pursue other interests. After the effective date of his resignation, Paci has agreed to provide transition consulting services to the company until Dec. 31, 2010.

“We are delighted to welcome Mark to The Pantry’s management team. Mark brings broad professional experience and deep retail industry knowledge that will allow him to quickly add value as The Pantry’s CFO,” said President and CEO Terrance Marks. “We sincerely appreciate Frank’s financial leadership during his tenure with The Pantry and wish him nothing but the best in his future endeavors. Frank has played an important role in The Pantry’s success and we are pleased that he will remain a consultant through the end of the year to help effect a smooth transition.”

Bierley joins The Pantry from Borders Group Inc., where he has been chief operating officer and chief financial officer since June 2010. At Borders since 1996, Bierley progressed through a variety of financial management positions, including executive vice president and chief financial officer from January 2009 through June 2010 and senior vice president of finance from 2003 through 2008. Prior to working with Borders, Bierley held positions in the financial departments for Dunham’s Athleisure Corp., a Midwest sporting goods and apparel retain chain, and Federal-Mogul Corp., a global automotive parts manufacturer. Bierley started his career as an auditor for PricewaterhouseCoopers LLP in Detroit, Mich., where he served clients in a range of sectors, including retail, manufacturing and not-for-profit. Bierley holds a bachelor’s degree in accounting from Michigan State University and a master’s degree in business administration from the University of Michigan’s Ross School of Business.

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