Core-Mark Announces Two New Board Members
August 16 2005 - 4:32PM
PR Newswire (US)
SOUTH SAN FRANCISCO, Calif., Aug. 16 /PRNewswire/ -- Core-Mark
Holding Company, Inc. (CMRK.PK), one of the largest North American
distributors to the convenience retail industry, announced today
that it has elected two new members to its board of directors.
These two new members are L. William Krause and Stuart W. Booth.
Krause, 63, is a board member of Sybase, Inc., TriZetto Group,
Brocade Communications Systems, Inc., and Packeteer, Inc. as well
as two privately held companies, Caspian Networks, Inc. and CPU
TECH. Booth, 54, is currently executive vice president and chief
financial officer/secretary for Central Garden & Pet Company
(NASDAQ:CENT). "We are very pleased to have these two outstanding
individuals join our board," said Mike Walsh, CEO of Core-Mark.
"These two new members bring to Core-Mark a diverse set of
experiences, knowledge and perspective that will further enable us
to expand our position in the markets in which we compete and to
help us in our evolution as a publicly registered company." Krause
currently serves as chairman of the board for Caspian Networks,
Inc., a company he served as president and chief executive officer
from 2002 to 2004. Prior to his current roles at Caspian Networks,
Inc. and other companies, Krause served as chairman and chief
executive officer for Exodus Communications, Inc., and as chairman
of 3Com Corporation from 1987 to 1993 where he also served as
president and chief executive officer before becoming chairman from
1981 to 1990. Prior to 3Com, Krause spent 14 years at
Hewlett-Packard in various roles. His last position was as general
manager of the General Systems Division with global
responsibilities for the company's personal computer business.
Krause has a Bachelors degree in Electrical Engineering from the
Citadel. Booth has been the chief financial officer for Central
Garden & Pet Company since 2002. In 2001 he served as the chief
financial officer for Respond TV, Inc. He also served as the
principal vice president and treasurer for Bechtel Group, Inc. from
1998 through 2000. Before joining Bechtel, Booth served as senior
vice president of finance & development for PG&E
Enterprises and in various other roles at PG & E beginning in
1975. Booth has a B.A. in Economics from the California State
University in Chico and an MBA in finance from San Francisco State
University in San Francisco. About Core-Mark Core-Mark is one of
the largest broad-line, full-service wholesale distributors of
packaged consumer products to the convenience retail industry in
North America. Founded in 1888, Core-Mark provides distribution and
logistics services as well as marketing programs to over 20,000
retail locations in 38 states and five Canadian provinces through
24 distribution centers. Core-Mark services traditional convenience
retailers, grocers, mass merchandisers, drug, liquor and specialty
stores, and other stores that carry consumer packaged goods. For
more information, please visit http://www.core-mark.com/. Safe
Harbor This press release contains disclosures which are
"forward-looking statements." Forward-looking statements include
all statements that do not relate solely to historical or current
facts, and can generally be identified by the use of words such as
"may," "believe," "will," "expect," "project," "estimate,"
"anticipate," "plan" or "continue." These forward-looking
statements are based on the current plans and expectations of our
management and are subject to certain risks and uncertainties that
could cause actual results to differ materially from historical
results or those anticipated. These factors include, but are not
limited to: economic conditions affecting the cigarette and
consumable goods industry; adverse effect of legislation and other
matters affecting the cigarette industry; increased competition in
the distribution industry; our inability to retain and attract
customers; the negative affects of product liability claims;
failure of our suppliers to provide products; increases in fuel
prices; the loss of key personnel or our inability to attract and
retain new qualified personnel; currency exchange rate
fluctuations; and the negative effects of our reorganization on our
customer, supplier and employee relationships. These
forward-looking statements speak only as of the date of this press
release. Except as provided by law, we undertake no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
DATASOURCE: Core-Mark Holding Company, Inc. CONTACT: investors, Ms.
Milton Draper, +1-650-589-9445, ext. 3027, for Core-Mark Holding
Company, Inc. Web site: http://www.core-mark.com/
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