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ANKENY, Iowa — Casey’s General Stores Inc. Chairman and CEO Robert J. Myers will retire from the CEO post when the convenience store retailer’s 2016 fiscal year ends April 30.
Casey’s board of directors tapped Terry W. Handley to be president and CEO upon Myers’ retirement. Myers, 68, will continue to serve on Casey’s board.
“It has been a privilege and an honor to be part of the great Casey’s family for the past 26 years and to serve as CEO for nearly a decade,” said Myers. “While I am proud of all we have accomplished together, I am equally excited for the future and watching Casey’s continue to expand its presence throughout the Midwest. I am extremely confident that under Terry’s leadership as CEO, Casey’s best days are ahead.”
William C. Kimball, Casey’s lead director, thanked Myers for his “extraordinary contributions” during his past nine years as CEO of the c-store retailer.
“During his tenure as CEO, Bob has overseen significant and profitable growth as Casey’s has built and acquired nearly 500 stores, while enhancing the performance of our existing stores through strategic remodels, customer-oriented initiatives and new product offerings. Under Bob’s leadership, total shareholder return has increased more than 330 percent — triple that of the S&P 500 — and has positioned Casey’s favorably for future growth and value creation,” said Kimball.
Handley is currently Casey’s president and chief operating officer. He has worked for the Ankeny-based retailer for the past 34 years. Handley has served Casey’s in many other roles, including director of marketing, store operations regional manager, vice president of foodservice and senior vice president of operations.
“I am grateful to the board for its vote of confidence and to Bob for his mentorship over the years,” said Handley. “I look forward to working closely with the board, our talented management team and employees to continue to drive shareholder value.”
Kimball added that Casey’s is pleased to have someone of Handley’s caliber step into the CEO role. “Terry is a true leader who brings deep knowledge of all aspects of our business,” he concluded. “The board is confident that Terry is the right person to build on Casey’s momentum and guide the company to the next level.”
Casey’s General Stores operates 1,878 convenience stores in the Midwestern United States.