Brian
Hannasch to retire and continue as a Special
Advisor
LAVAL,
QC, June 26, 2024 /PRNewswire/ - Alimentation
Couche-Tard Inc. ("Couche-Tard" or the "Corporation")
(TSX: ATD) Board of Directors is pleased to announce the
appointment of Mr. Alex Miller as President and Chief
Executive Officer effective September 6,
2024. Mr. Miller is presently the Chief Operating Officer
for the Corporation. Mr. Brian
Hannasch, the Corporation's current President and Chief
Executive Officer will retire from that position and the Board and
continue as a Special Advisor to both the new President and CEO and
to Mr. Alain Bouchard, Founder and Executive Chairman of
the Board.
"On behalf of the Board of Directors of Couche-Tard, I want to
congratulate Alex Miller on his
appointment to be our next leader," said Alain Bouchard. "Couche-Tard has only had two
CEOs during its almost 45-year history, and we take this
appointment extremely seriously. The Board and I have been
planning for an orderly and seamless succession for several years,
and we have carefully assessed the process and possible
candidates. It is important to us that our next CEO comes
from within the business and fully embraces our values, culture,
and growth-oriented mindset. For those reasons, we have the utmost
confidence that Alex is the best person to be our next President
and CEO."
"Over the last year and a half, Alex has been Couche-Tard's
Chief Operating Officer, and has been working closely with
Brian Hannasch and the Board of
Directors on transitioning to a future CEO position," continued Mr.
Bouchard. "Prior to that, Alex was our Executive Vice President,
North America Operations and Senior Vice President, Commercial
Optimization, leading our global fuel and real estate
businesses. He brings over 25 years of management experience
in the retail fuel and convenience store industry, including nearly
13 years at Couche-Tard, and has proven himself to be an
outstanding leader of the operational, financial, and people
aspects of the business."
"I am humbled and honored by this appointment, and I want to
thank Alain, Brian and the entire Board of Directors for their
confidence," said Alex Miller.
"Working with Couche-Tard – its Board of Directors, leadership,
shareholders, team members and customers – has been the highlight
of my career. I firmly believe that we are just at the
beginning of our journey to become the world's preferred
destination for convenience and mobility, and I have full faith
that with our engaged people and culture and long-term strategic
plan, we will continue our incredible growth trajectory as we take
market share and create lasting value."
"Over the past ten years, Brian
Hannasch has been a truly phenomenal CEO for Couche-Tard,"
added Alain Bouchard. "During his
tenure, he has led the company in stunning growth, including a 400%
increase in the company's share price and the acquisitions of
nearly 7,800 stores, the successful completion of our ambitious
Double Again strategy, and the launch of our new five-year
plan. Brian has also successfully negotiated and led the
company through game-changing and well-executed transactions, which
is a rare feat in many industries. Perhaps most important to me,
even as we have grown exponentially, he has fostered and deepened
Couche-Tard's special culture. Brian always does the right thing
for our people and customers, and he has my and the Board of
Directors' deepest gratitude for all he has accomplished. We are
truly pleased that he agreed to stay on as a Special Advisor."
"It has been the honor of a lifetime to be Couche-Tard's CEO for
the past ten years and a leader of this company for the past 25,"
said Brian Hannasch. "I am so
proud of the lasting value that we have created and the commitment
and passion of our team members to serving our customers and
communities. I know Couche-Tard is in great hands with Alex
as he has been one of my closest business partners for well over a
decade, and we are working as One Team during this transition
period. I want to thank Alain and the Board of Directors for their
enduring support and for the opportunity to continue serving
Couche-Tard in a Special Advisory capacity."
About Alimentation Couche-Tard Inc.
Couche-Tard is a global leader in convenience and mobility,
operating in 31 countries and territories, with more than
16,700 stores, of which approximately 13,100 offer road
transportation fuel. With its well-known Couche-Tard and
Circle K banners, it is one of the largest independent
convenience store operators in the United States and it is a
leader in the convenience store industry and road transportation
fuel retail in Canada,
Scandinavia, the Baltics, Belgium,
as well as in Ireland. It also has
an important presence in Luxembourg, Germany, the
Netherlands, Poland, as
well as in Hong Kong Special Administrative Region of
the People's Republic of China.
Approximately 149,000 people are employed throughout its
network.
For more information on Alimentation Couche-Tard Inc., or to
consult its audited annual Consolidated Financial Statements,
unaudited interim condensed consolidated financial statements and
Management Discussion and Analysis, please visit:
https://corpo.couche-tard.com.
Forward-Looking Statements:
Certain statements in this press release may constitute forward
looking statements within the meaning of securities legislation,
including those with respect to the transition period. Positive or
negative verbs such as "believe", "can", "shall", "intend",
"expect", "estimate", "assume" and other related expressions are
used to identify such statements. Such statements are based upon
the current beliefs and expectations of Couche-Tard and are subject
to significant risks and uncertainties outside of Couche-Tard's
control. Couche-Tard would like to point out that, by their very
nature, forward-looking statements involve risks and uncertainties
such that its results, or the measures it adopts, could differ
materially from those indicated in or underlying these statements,
or could have an impact on the degree of realization of a
particular projection. Unless otherwise required by applicable
securities laws, Couche-Tard disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. The
forward-looking information in this release is based on information
available as of the date of the release.
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SOURCE Alimentation Couche-Tard Inc.