Weis Markets has named Michael T. Lockard, a long-time financial retail executive, as its SVP, CFO and treasurer. He will succeed Scott Frost, who is retiring.
To ensure a smooth transition, Frost will continue to serve as CFO until March 12, at which time Lockard will assume the role. As Weis Markets’ CFO, Lockard will oversee the day-to-day management of the company’s accounting, auditing and financial functions. He will report to Jonathan Weis, Weis Markets chairman and CEO.
Lockard has more than 25 years of senior-level executive experience in retail, supermarket and supply chain companies, overseeing strategic planning, finance and accounting, information technology and global shared services.
“Michael Lockard is a seasoned financial professional with extensive experience in retail, particularly food retail,” said Jonathan Weis, Weis Markets’ chairman and CEO. “During his retail career, he has helped drive efficiencies and managed large, multi-discipline financial teams that have been a strong business partner to his respective companies’ merchant, supply chain and store tea. We are pleased to welcome him to our company and look forward to working with him.”
“We are also grateful to Scott Frost, our retiring CFO, and congratulate him on a successful 42-year career with our company,” said Weis. “As CFO, he led our financial unit and developed a capable team that will position us for continued success going forward. We wish Scott all the best in his retirement.”
Founded in 1912, Sunbury, Pennsylvania-based Weis Markets Inc. is a Mid Atlantic food retailer operating 196 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia.