Michael Lockard, a veteran financial professional with experience at K-VA-T Food Stores and Walmart, will become Weis Markets’ treasurer, SVP and chief financial officer effective March 12, succeeding Scott Frost, who is retiring, the retailer said.
Lockard will oversee the day-to-day management of the accounting, auditing and financial functions for the publicly traded and family-led Sunbury, Pa.-based retailer. He will report to Jonathan Weis, Weis Markets’ chairman and CEO.
“Michael Lockard is a seasoned financial professional with extensive experience in retail, particularly food retail,” said Weis. “During his retail career, he has helped drive efficiencies and managed large, multidiscipline financial teams that have been a strong business partner to his respective companies’ merchant, supply chain and store teams. We are pleased to welcome him to our company and look forward to working with him.”
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, Weis Markets said. According to his LinkedIn profile, Lockard has served since September 2012 as CFO at K-VA-T Food Stores, Abingdon, Va., the parent of the Food City chain. Proir to that, Lockard spent nearly five years at Walmart Stores in financial and shared services roles. Lockard also has nearly 20 years experience at UPS, departing in 2007 as VP of finance and CFO of its Central U.S. district.
Frost is retiring after 42 years with Weis Markets. He was hired full time by the company in 1984, and was promoted to CFO in October 2009. In January 2011, Frost was promoted to his current role as SVP, CFO and treasurer.
“We are also grateful to Scott Frost, our retiring CFO, and congratulate him on a successful 42-year career with our company,” Weis added. “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.”
Weis Markets operates 196 stores in the Mid-Atlantic states.