Casey's overhauls board names new chairman

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Casey's overhauls board names new chairman

By Gina Acosta - 03/07/2018
Casey’s General Stores, Inc., headquartered in Ankeny, Iowa, owns and operates over 2,000 convenience stores in 15 states.

Casey’s General Stores has added veteran retail expertise to its board and named a new chairman.

The retailer's Board of Directors has appointed three new independent directors: Donald E. Frieson, David K. Lenhardt, and Allison M. Wing. The company also announced that H. Lynn Horak, a Casey’s independent director since 2009, has been appointed Chairman of the Board.

With these changes, Casey’s nine-member Board includes eight independent directors, four of whom were added within the last two years. The Board collectively brings a broad range of consumer/retail, digital marketing, operations, M&A, finance and accounting expertise as well as broad geographic diversity. Casey’s directors have an average Board tenure of four years.

In connection with the new director appointments, three incumbent Casey’s directors - departing Chairman Robert J. Myers, William C. Kimball, and Jeffrey M. Lamberti - have retired from the Board.

Chairman and New Director Biographies

H. Lynn Horak, 72, is the retired Regional Chairman with Wells Fargo Regional Banking. Mr. Horak held many positions with Wells Fargo Bank beginning in 1972, including Executive Vice President and Chief Financial Officer from 1981 to 1986, President and Chief Operating Officer from 1986 to 1991, and Chief Executive Officer and Chairman of the Board of Regional Banking for Iowa, Nebraska and Illinois from 1991 until November 2007. Mr. Horak continues to serve on the Wells Fargo Advisory Board for the Midwest Region and also serves on the board of directors of three other private companies. He has been a director of the Company since 2009. Mr. Horak brings a wealth of knowledge and experience from his career with Wells Fargo, including significant executive leadership experience and a critical understanding of credit markets, consumer behavior and retail analysis.

Donald E. Frieson, 59, is the former Executive Vice President of Operations of Sam’s Club, a division of Walmart, bringing over 18 years of fleet management, regional management and operations experience at one of the world’s largest retailers. As EVP of Operations at Sam’s Club, Mr. Frieson was responsible for the operations of more than 600 stores. Prior to assuming those roles, he served within Walmart International as Chief Integration Officer for Massmart Holdings Limited, a majority-owned subsidiary of Walmart with a chain of more than 300 stores operating in 13 sub-Saharan Africa nations. He first joined Walmart in 1999 as a district manager for the private fleet, after 12 years at Schneider National Carriers, where he developed expertise in the trucking industry.

David K. Lenhardt, 48, is the former President and Chief Executive Officer of the leading pet retailer, PetSmart, Inc. He spent more than 14 years with PetSmart and developed its ecommerce and digital business, including through the acquisition of online retailer Pet 360 and deployment of PetSmart’s order online/pick up in store capabilities. Mr. Lenhardt also successfully completed PetSmart’s strategic review process in 2014, which resulted in the sale of PetSmart to BC Partners for $8.7 billion in March 2015, representing the highest equity valuation in the history of the company. Prior to his role as President and Chief Executive Officer, Mr. Lenhardt served in multiple senior leadership roles at PetSmart from 2000-2012. From 1996 to 2000, he served as manager of Bain & Company, Inc., where he led consulting teams for retail, technology and e-commerce clients. David also has served as an analyst in the corporate finance and Latin American groups of Merrill Lynch & Co.'s investment banking division. He serves on the Board of Directors for Dogtopia Enterprises and the Phoenix Children's Hospital.

Allison M. Wing, 51, is the former Chief Marketing Lead Officer and Executive Vice President of Digital Channels at Ascena Retail Group, Inc. from August 2014 through May 2017, where she launched the Ascena’s loyalty program and insights data production and e-commerce platforms. As a retail and brand marketing executive, she brings extensive digital, retail and customer insights experience. Prior to joining Ascena, she was the CEO, Founder & Chairperson of giggle, Inc., a private equity-funded omnichannel retailer, wholesaler and licenser of baby products. She started her career with Nike and later spent several years in Silicon Valley working as an Interim Chief Marketing/Revenue/Customer Officer for a variety of online, software & eCommerce companies. Ms. Wing currently serves on the Board of Directors for Worldwide Orphans and is a former director of Bazaarvoice, Inc.

Casey’s General Stores, Inc., headquartered in Ankeny, Iowa, owns and operates over 2,000 convenience stores in 15 states.

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