Pantry CEO steps down

Cary, N.C. -- The Pantry said Monday that CEO Terrance M. Marks plans to resign within two months.

In a statement, Marks said that his decision was driven by personal reasons, and that he had accepted "an opportunity that will enable me to return to my home and family in Atlanta."

The chain’s board of directors has formed a committee to find a new CEO. Marks will stay on for up to 60 days to help with the transition. Board chairman Edwin Holman will serve as interim CEO after Marks leaves, in line with a previously adopted plan.

Marks' departure is the latest in a series of leadership changes at The Pantry: In May the company announced that its operations VP was leaving, and in June it announced a new general counsel.