Former American Eagle Outfitters financial executive joins Penn Traffic as senior vice president and CFO

The Penn Traffic Company today announced that Tod A. Nestor will be joining Penn Traffic as Senior Vice President and Chief Financial Officer.

“Tod Nestor is an accomplished financial executive who has deep experience in all areas of finance, and has demonstrated a keen ability to lead, develop and build top tier teams,” said Bob Panasuk, President and Chief Executive Officer of Penn Traffic. “Tod will add a wealth of experience and skills to our senior management team as a result of his experience in working on and with Wall Street, demonstrating the ability to develop and implement innovative approaches to financial analysis and strategy and his high sense of urgency and accountability in delivering operational results that will ultimately drive Penn Traffic’s financial performance.”

As Senior Vice President and Chief Financial Officer, Nestor will report directly to Bob Panasuk,
President and CEO, and be responsible for managing all responsibilities in Penn Traffic’s finance
function.

Prior to joining Penn Traffic Mr. Nestor was Vice President Strategic Planning and Treasurer, as well as Vice President Finance and Controller at American Eagle Outfitters, Inc. Tod is a licensed CPA, CFA, CMA and CFM and brings over 20 years of financial, operational and general management experience to his role at Penn Traffic, including a variety of industry perspectives
inclusive of retail and consumer products.

Prior to Mr. Nestor’s time with American Eagle Outfitters, he held various executive and leadership positions in the areas of finance, treasury and operations at H.J. Heinz, Bacardi Ltd., WR Grace, Stern Stewart & Co. and PepsiCo, Inc. (including Pizza Hut subsidiary). Specifically, Mr. Nestor has extensive experience in the areas of financial reporting, performance management, planning and analysis; restructurings; strategic planning; mergers and acquisitions; investor relations; treasury and tax planning, and; operations improvement.

Mr. Nestor holds a Masters of Business Administration from the Wharton School of the University of Pennsylvania in Finance and Entrepreneurial Management with a concentration in Strategic Planning, and a Bachelors of Business Administration degree in Accounting from the University of Notre Dame.

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