Two New Additions to The Pantry's Board of Directors

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Two New Additions to The Pantry's Board of Directors

SANFORD, N.C. -- Southeastern c-store chain The Pantry has expanded its board of directors from eight members to ten as it employed Maria C. Richter and Wilfred A. Finnegan to join its forces as directors.

Chairman and CEO of The Pantry, Peter J. Sodini said "We are delighted to welcome Maria and Bill to the company's board of directors." He added "I am very confident that they will both provide valuable perspective as we pursue our growth strategies in the years ahead."

Richter is founder of her consulting firm established in 2005, MCHR Consulting. She also serves on the boards for National Grid plc and the Private Equity Advisory Board of Republic Financial Corporation.

Previously she worked with Morgan Stanley for nine years, most recently as the managing director and head of the Corporate Finance Retail Group. There she had the responsibility of handling the large retail clients. She also headed the company's banking business in Latin America.

Before Morgan Stanley, she worked with Salomon Brothers and Prudential Insurance Company of America. Richter began her career as an attorney, and earned her undergraduate degree from Cornell and her law degree from Georgetown University.

Finnegan is also an independent consultant, and is a member of the Finance Committee of the Altman Foundation in New York and is a trustee of the Sacred Heart School, located in Greenwich, Conn. He most recently served as senior advisor to the Carlyle Group.

He also co-founded the high yield securities business at JPMorgan Chase in 1993, then Chemical Bank, and served as its managing director in various roles. For seven years Finnegan was the head of Global Leveraged Finance for JPMorgan.

He stated his career as an investment banker and received his MBA from Dartmouth's Amos Tuck School of Business.

The Pantry, an independent convenience store chain, operates 1,458 stores in 11 states. For fiscal 2005, The Pantry generated $4.4 billion in net sales.