B. Clyde Preslar Joins The Pantry as Chief Financial Officer

  B. Clyde Preslar Joins The Pantry as Chief Financial Officer

Business Wire

CARY, N.C. -- January 10, 2013

The Pantry, Inc. (Nasdaq: PTRY), the leading independently operated
convenience store chain in the southeastern United States, today announced
that B. Clyde Preslar is joining the executive leadership team as Senior Vice
President and Chief Financial Officer.

Mr. Preslar joins The Pantry from RailAmerica, Inc., where he served since
2008 as Senior Vice President and Chief Financial Officer for the short line
and regional freight railroad operator.

“Clyde is a proven leader ideally suited for The Pantry with more than 15
years of financial leadership experience as a Chief Financial Officer,” said
The Pantry’s President and Chief Executive Officer Dennis Hatchell. “Clyde has
an extensive breadth of financial experience, including financial leadership
in the consumer goods arena, and an exceptional track record of financial
management, planning and corporate development. We look forward to having
Clyde join the executive leadership team.”

Prior to RailAmerica, Inc., Mr. Preslar served as Executive Vice President and
Chief Financial Officer at Cott Corporation, a manufacturer of non-alcoholic
beverage products, and as Vice President and Chief Financial Officer and
Secretary at snack food manufacturer Lance, Inc. Earlier in his career, he was
Director of Financial Services for worldwide power tools at Black & Decker,
and served as Director of Investor Relations at RJR Nabisco.

Mr. Preslar holds a bachelor’s degree in business administration and economics
from Elon College and a master’s degree in business administration from Wake
Forest University. He serves on the Board of Directors of Alliance One
International, Inc. and is a past Director of Forward Air Corporation.

Mr. Preslar will join The Pantry on Feb. 7, 2013.

About The Pantry and Kangaroo Express

Headquartered inCary, North Carolina, ThePantry, Inc.is a leading
independently operated convenience store chain in the southeasternUnited
Statesand one of the largest independently operated convenience store chains
in the country. As ofJanuary 3, 2013, the Company operated 1,572 stores in
thirteen states under select banners, including Kangaroo Express®, its primary
operating banner. The Pantry's stores offer a broad selection of merchandise,
as well as fuel and other ancillary services designed to appeal to the
convenience needs of its customers. For more information, visit
www.thepantry.com.

Contact:

Largemouth Communications (on behalf of The Pantry)
Scott Yates, 919-459-6452
scott@largemouthpr.com
 
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