Couche-Tard appoints new chief financial officer

Couche-Tard appoints new chief financial officer

LAVAL, Quebec — Alimentation Couche-Tard Inc. has more than 8,000 convenience stores throughout North America, including 6,579 stores offering road transportation fuel.

LAVAL, Quebec — Alimentation Couche-Tard Inc. announced Claude Tessier has been appointed as chief financial officer, effective Jan. 28, according to a press release.

Prior to his new position with Couche-Tard, stated the release, Tessier, who is a retail industry veteran, was president of the IGA Operations Business Unit at Sobeys Inc. since 2012.

“I am excited to join the Couche-Tard family. Couche-Tard is one of the true success stories of Québec,” said Tessier in the release. “In addition to overseeing the financial, reporting and investor relations functions in Couche-Tard, I look forward to joining President and CEO Brian Hannasch in evaluating opportunities for further expansion under the new, global Circle K brand. I am thrilled at this opportunity to play a part in Couche-Tard’s continuing strategic growth and in reaching its goal to become the world’s preferred destination for convenience and fuel.”

In 2003, reported the release, he joined IGA as vice president, finance & strategic planning, of Sobeys Quebec.

Additionally, continued the release, Tessier spent more than 15 years in senior financial leadership positions with Fly Furniture, Provigo and Costco Wholesale.

“Claude has deep experience in large retail businesses and understands the reality of lean, [multisite] environments — including service station operations. He has a proven track record as the head of finance of a large, complex business and has experience with financing, acquisitions and capital markets in publicly traded companies. Claude is the ideal candidate to help Couche-Tard continue its strong growth and to continue adding shareholder value with us,” stated Hannasch in the release. “Claude’s extensive and relevant experience, combined with his solid leadership skills, will be an excellent addition to our already strong team.”

Couche-Tard’s network consists of more than 8,000 convenience stores throughout North America, noted the release, including 6,579 stores offering road transportation fuel.

You can find the release here.

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