Ingles Markets, Incorporated Announces New Chief Financial Officer

Rhea-AI Summary

Ingles Markets announces the promotion of Patricia (Pat) E. Jackson to Chief Financial Officer (CFO), effective February 23, 2022. She succeeds Ronald B. Freeman, who retired after nearly 17 years. Pat joined Ingles in 2010 as Controller and previously served as CFO of Sisters of Mercy Services Corporation. As a licensed CPA with a Master’s in Accounting, her leadership is expected to bolster the company's financial strength. Chairman Robert P. Ingle II commended her effective leadership and sound judgment.

Positive

• Pat Jackson's promotion as CFO brings stability and continuity in financial leadership.
• Jackson has significant experience, having been with Ingles since 2010 and previously as CFO of another organization.
• The company expects her leadership to maintain a strong financial posture.

Negative

• None.

ASHEVILLE, N.C.--(BUSINESS WIRE)-- Ingles Markets, Incorporated (NASDAQ: IMKTA) is pleased to announce the promotion of Patricia (Pat) E. Jackson to Chief Financial Officer (CFO) effective February 23, 2022. Pat will replace Ronald B. Freeman who recently retired as CFO after successfully serving Ingles and our communities for nearly 17 years.

Pat has been our Controller since she joined Ingles in 2010. Prior to that, she was the CFO of Sisters of Mercy Services Corporation. Pat is a licensed CPA and holds a Master’s Degree in Accounting. We have valued her contributions at Ingles and are pleased to continue to benefit from her finance background and leadership expertise.

“We are proud to promote Pat Jackson as our new CFO. We look forward to her effective leadership and sound judgment helping us maintain our strong financial posture,” said Robert P. Ingle II, Chairman of the Board.

Ingles Markets, Incorporated is a leading grocer with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 198 supermarkets. To learn more about Ingles Markets and their efforts to end hunger and aid in the education of children, visit ingles-markets.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220222006175/en/

Ingles Markets, Inc.

Cindi Brooks, VP of Human Resources

(828) 669-2941

Source: Ingles Markets, Incorporated

FAQ

Who is the new CFO of Ingles Markets?

Patricia (Pat) E. Jackson has been promoted to CFO of Ingles Markets.

When did Pat Jackson become CFO of Ingles Markets?

Pat Jackson became CFO effective February 23, 2022.

Who did Pat Jackson replace as CFO at Ingles Markets?

Pat Jackson replaced Ronald B. Freeman as CFO.

What is Pat Jackson's background before becoming CFO?

Pat was the Controller at Ingles since 2010 and previously served as CFO of Sisters of Mercy Services Corporation.

What qualifications does Pat Jackson have?

Pat Jackson is a licensed CPA and holds a Master’s Degree in Accounting.