Casey’s General Store CEO to retire; meanwhile, the chain’s profits are on the rise.
Robert Myers, CEO and 26-year veteran of Casey’s Convenience Store Inc., will retire in April 2016. Myers will be succeeded by Chief Operating Officer, Terry Handley, who has been with the company for 34 years.
According to a Nasdaq report, Myers will continue to serve on the company’s board after his retirement.
Casey’s has reported that, despite a decline in total revenue, lower oil prices have helped margins and sales, nearly doubling profits.
On July 13, 2015, shares for Casey’s closed at $98.39, which is up nearly 9% for the year.