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WEST DES MOINES, Iowa – Kum & Go Chief Operating Officer Dennis N. Folden today announced his plans to retire from the company later this summer, saying that after more than four decades at Kum & Go, he felt the timing was perfect.
“I have been honored to serve Kum & Go for more than 40 years. The future of this company is strong and it is in the best possible position. There is a talented leadership team in place. This decision was not taken lightly. But, I wanted to embark upon new endeavors at this point in my life,” said Folden.
He went on to say, “I have truly enjoyed my time at Kum & Go. We have great teamwork and caring here. This company has a strong history and keen focus on taking care of the customer. There’s a level of passion for retail that is truly special. I feel fortunate to have worked with so many incredible people and three generations of the Krause and Gentle families.”
After Folden shared his plans, Kum & Go President and CEO Kyle J. Krause had these words for associates.
“As many of you know, I strongly value the close working relationship that Dennis and I have developed over the years. Dennis is choosing to leave Kum & Go at the height of his career. He has been instrumental in driving the strategic direction of the company and positioning us for growth. His legacy at Kum & Go will be his passion for retail and operations, not to mention his drive for the highest level of customer service.”
Krause went on to say, “Dennis has developed and mentored an incredible number of individuals throughout our organization. We are deeply appreciative for Dennis’ dedication and contributions to Kum & Go.”
Folden first joined Kum & Go in November 1970 as a part-time retail associate who saw early on the full potential of the company. He quickly gained the respect of the co-founders Tony Gentle and Bill Krause, as well as Kyle Krause. Folden has had a successful career path progressing through the ranks of Kum & Go. He advanced to the positions of sales manager, general manager and supervisor. Following that, he spent time leading Kum & Go’s operations, marketing and real estate departments. He later was named senior vice president of marketing. He was Kum & Go’s executive vice president prior to being promoted to COO in 2005.
Folden also is an active and dedicated community business leader. By combining his personal passions with that of Kum & Go, Folden has been a dedicated leader not only within the convenience store company, but throughout the communities it serves. Currently, Folden volunteers his time to Hope Lutheran Church Missions Board and the Cambio Breakfast Club.
Kum & Go is planning a special event later this summer to recognize Folden for his four decades of service. An internal and external search is being launched for a new chief operating officer. Folden plans to work closely with Kum & Go to ensure a timely and smooth transition.