CARY — A former Coca-Cola executive will take the helm of the Southeast's biggest convenience-store chain when its current CEO steps down in September.
The Pantry, which recently moved its corporate headquarters to Cary from Sanford, on Thursday named Terrance M. Marks to its top spot. He replaces Peter J. Sodini, who announced in April that he would leave his post as chairman, president and CEO when his current contract expires next month.
Marks, 49, has more than 21 years in the convenience, grocery and restaurant industries.
He was president of Coca- Cola Enterprises Inc. North America Group from 2005 to 2008, heading a $15 billion operation with 55,000 employees.
Marks received a bachelor's degree in communications from the University of Southern California. At the Pantry, he takes over a company with 1,679 stores in 11 states, mostly under the Kangaroo name.
The company's stock has fallen 28 percent this year. Calls to company officials and Marks were not immediately returned Thursday.