Michael T. Lockard To Become Weis Markets' Senior Vice President And Chief Financial Officer

Rhea-AI Summary

Weis Markets (NYSE:WMK) announced the appointment of Michael T. Lockard as the new Senior Vice President and Chief Financial Officer (CFO), effective March 12. He will succeed Scott Frost, who is retiring after a 42-year career with the company. Lockard brings over 25 years of experience in retail and finance, focusing on strategic planning and financial management. His role will involve overseeing the company's accounting and financial functions. Chairman Jonathan Weis expressed confidence in Lockard's capabilities to contribute to Weis Markets' future success.

Positive

• Michael Lockard brings over 25 years of experience in retail and finance.
• Lockard's background includes management of large financial teams, indicating potential for operational efficiencies.

Negative

• None.

SUNBURY, Penn., Jan. 19, 2021 /PRNewswire/ -- Weis Markets (NYSE:WMK)  today announced Michael T. Lockard, a long-time financial retail executive, will become the Company's  Senior Vice President, Chief Financial Officer (CFO) and Treasurer. He will succeed Scott Frost, who is retiring.

To ensure a smooth transition, Mr. Frost will continue to serve as Chief Financial Officer until March 12, at which time Mr. Lockard will assume the role. As Weis Markets' Chief Financial Officer, Mr. Lockard will oversee the day-to-day management of the company's accounting, auditing and financial functions. He will report to Jonathan Weis, Weis Markets Chairman and Chief Executive Officer.

Mr. Lockard has more than 25 years of senior-level executive experience in retail, supermarket and supply chain companies, overseeing strategic planning, finance and accounting, information technology and global shared services.

"Michael Lockard is a seasoned financial professional with extensive experience in retail, particularly food retail," said Jonathan Weis, Weis Markets' Chairman and Chief Executive Officer. "During his retail career, he has helped drive efficiencies and managed large, multi-discipline financial teams that have been a strong business partner to his respective companies' merchant, supply chain and store teams. We are pleased to welcome him to our Company and look forward to working with him."

"We are also grateful to Scott Frost, our retiring CFO, and congratulate him on a successful 42-year career with our company," said Mr. Weis. "As CFO, he led our financial unit and developed a capable team that will position us for continued success going forward. We wish Scott all the best in his retirement."

About Weis Markets
Founded in 1912, Weis Markets, Inc. is a Mid Atlantic food retailer operating 196 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York West Virginia and Virginia. For more information, please visit: WeisMarkets.com or Facebook.com/WeisMarkets.

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/michael-t-lockard-to-become-weis-markets-senior-vice-president-and-chief-financial-officer-301211415.html

SOURCE Weis Markets, Inc.

FAQ

Who is the new CFO of Weis Markets?

Michael T. Lockard has been appointed as the new Chief Financial Officer of Weis Markets.

When will Michael Lockard officially assume the role of CFO at Weis Markets?

Michael Lockard will officially assume the role of CFO on March 12.

Who is succeeding Scott Frost as CFO of Weis Markets?

Michael T. Lockard is succeeding Scott Frost, who is retiring.

What is Michael Lockard's experience in the retail sector?

Michael Lockard has over 25 years of executive experience in retail, including finance and strategic planning.

How long did Scott Frost serve as CFO of Weis Markets?

Scott Frost served as CFO for 42 years before his retirement.