Core-Mark CEO to Retire in January

SOUTH SAN FRANCISCO, Calif. -- Core-Mark Holding Co. Inc. President and CEO J. Michael Walsh will retire on Jan. 18 and be succeeded by Thomas B. Perkins, the large marketer of fresh and broad-line supply solutions to the convenience store industry announced this morning.

Walsh served as Core-Mark's president and CEO since March 2003. Following his retirement, he will remain on Core-Mark's board of directors.

"It has been a great privilege to spend the last 21 years with Core-Mark and to work closely with all of our outstanding employees, customers and partners," Walsh stated. "I am proud of the company's strong performance, and I deeply value the friendships I have made over the years."

Randy Thornton, Core-Mark's chairman of the board, added that he wanted thank Walsh for tireless efforts during his tenure at Core-Mark. "We are also very pleased to name Tom as the company's next president and CEO. After nearly 20 years with the company, he knows Core-Mark's day-to-day business inside and has been integral to the company's success."

Perkins, a 19-year Core-Mark veteran, most recently served as its senior vice president — resources since 2007. Prior, he was Core-Mark's vice president — U.S. Divisions, president of the Arizona distribution center, president of the Spokane distribution center and controller of the Los Angeles distribution center.

"I am honored to become the next CEO of Core-Mark and lead a highly talented team," said Perkins. "The company is well known for its commitment to providing unmatched services and solutions to customers, and I look forward to helping the company expand its reach and execute on the growth strategies Mike has put in place."