Rob Spivey | Source | Director of Research at Valens Research
Rob Spivey
Director of Research at Valens Research
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The CFO of Casey’s—Among The Largest Chains ‘No One Has Ever Heard Of’—To Retire
Casey’s General Stores, a little-known but major operator of convenience stores in the Midwest, said Tuesday that its longtime finance chief, who helped preside over an aggressive expansion of the chain, will retire.
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Even during the midst of the Great Recession, the firm was able to expand returns. But clearly CFO Walljasper’s communication with the market was effective, as the stock kept rising even as the company’s real returns declined. But considering returns have been declining at the business for the last three years, perhaps a new direction was appropriate.
