Michael Lockard has joined Weis Marketplaces as main financial officer, succeeding CFO Scott Frost, who is retiring.
Designs connect with for Frost to continue being as CFO until eventually March 12, when Lockard will acquire the reins as senior vice president, CFO and treasurer, Weis Markets claimed yesterday. In the function, Lockard will oversee daily management of the Sunbury, Pa.-based grocer’s accounting, auditing and money functions and report to Chairman and CEO Jonathan Weis.
Lockard (still left) arrives to Weis Marketplaces right after about 9 decades at regional grocer K-VA-T Foodstuff Outlets, most not long ago as senior vice president and CFO. Just before that, he spent virtually 5 yrs at Walmart, like as vice president of data programs international shared products and services, vice president of finance for North America economic shared services and senior director of finance for U.S. financial shared companies. He joined Walmart from shipping and delivery huge UPS, exactly where he most lately served as vice president of finance and CFO for UPS Offer Chain Methods.
Weis Markets noted that Lockard provides a lot more than 25 several years of senior-amount govt practical experience in retail, supermarket and source chain corporations, such as supervision of strategic arranging, finance and accounting, facts technological know-how and shared solutions.
“Michael Lockard is a seasoned economic specialist with substantial experience in retail, significantly food stuff retail,” Weis explained in a assertion. “During his retail career, he has served drive efficiencies and managed large, multi-self-control financial teams that have been a sturdy enterprise husband or wife to his respective companies’ service provider supply chain and store groups. We are happy to welcome him to our corporation and look ahead to functioning with him.”
Scott has served as CFO of Weis Marketplaces considering that July 2009. He extra the titles of vice president and treasurer later that yr and then in January 2011 was promoted to senior vice president, retaining his CFO and treasurer roles. He joined the grocery retailer in 1984 as a staff accountant and also served as assistant controller and controller.
“We are also grateful to Scott Frost, our retiring CFO, and congratulate him on a thriving 42-year career with our organization,” Weis added. “As CFO, he led our fiscal device and created a capable team that will position us for continued success heading ahead. We want Scott all the finest in his retirement.”
Total, Weis Markets operates 196 shops in Pennsylvania, Maryland, Delaware, New Jersey, New York West Virginia and Virginia.