Couche-Tard's CFO steps down

Canada-based convenience store chain Alimentation Couche-Tard's VP and CFO Raymond Paré is resigning, effective Oct. 16. He has held the CFO position since 2008.

Paré said he plans to pursue other interests and spend more time with his family. Couche-Tard started an executive search for his replacement and the company's president and CEO, Brian Hannasch, will handle financial and investor queries until a Paré's successor is appointed.

"We thank Raymond for his contributions to the company over the past 13 years," Hannasch said. "He has been instrumental in the completion of milestone acquisitions including Statoil Fuel & Retail and The Pantry, reaching thousands more customers in dozens of new markets and multiplying our market value several times over, as well as laying the foundations for further growth with our new, global Circle K retail brand. We wish him well in his pursuit of new ventures."

Prior to serving as CFO at Couche-Tard, Paré was VP of corporate finance and treasurer from 2007 to 2008. He started at Couche-Tard as senior director of finance in 2003. Press Release