The Pantry Gets a Blockbuster Exec, ExxonMobil Loses One

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The Pantry Gets a Blockbuster Exec, ExxonMobil Loses One

NEW YORK -- High-level changes are taking place at two c-store industry companies. Last week, The Pantry Inc., operator of more than 1,630 convenience stores in the Southeast, named Frank G. Paci to the position of chief financial officer. Meanwhile, ExxonMobil Corp.'s senior vice president, Dr. Stuart McGill, will leave the company after 38 years of service to enter retirement.

Paci's appointment, effective July 2, will replace current CFO Daniel J. Kelly, who previously announced his intent to retire in November 2007.

Paci, 49, joins The Pantry from Blockbuster Inc., where he served as its executive vice president, and was responsible for finance and accounting, strategic planning and business development.

Before joining Blockbuster in 1999, he was with Yum! Brands, where he served three years as vice president for Pizza Hut's "nontraditional location" business and strategic planning. Paci also spent time with Burger King Corp. in several roles over seven years.

"We are delighted to welcome Frank to The Pantry's management team. He brings with him a broad range of experience in finance and strategic planning with several large public companies. In addition, he has spent virtually all of his career in the specialty retailing and quick service restaurant industries, both of which are highly relevant to the convenience store business," Peter J. Sodini, chairman and CEO of The Pantry, said in a statement. "We believe this remarkable combination of professional experience and industry knowledge will enable Frank to bring a truly unique perspective to his new role as The Pantry's CFO."

At ExxonMobil Corp., McGill will retire effective July 31. Since October 2004, he was responsible for ExxonMobil's upstream operations, which include exploration, development, production, gas and power marketing and upstream research.

McGill joined the company through Esso Australia Ltd. in 1969 as an engineer in its production department. During his career, McGill held a number of positions both domestically and internationally -- including engineering, research, gas marketing, production, and general management assignments, the company reported.

Subsequent to the ExxonMobil merger, he was appointed president of ExxonMobil Gas & Power Marketing Co. in December 1999. Later, he was appointed president of ExxonMobil Production Co. in July 2003.