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CORNEILA, Ga. -- Financial Supermarkets, Inc., a licensor of in-store banking operations, said yesterday that its president and c.e.o., Aubrey Motz, III, has announced his plans to retire effective Dec. 31, 2007. Motz, who has served on the senior management team of the company for the past 23 years and as its c.e.o. since 2005, will remain on the board of directors of FSI.
Motz, 71, began his career with FSI in June 1985 and has helped guide the company's strategic planning and growth since that time, according to the company. Having served as FSI's general manager and then c.o.o., he was elected president and c.e.o. in 2005 after the death of FSI's founder, J. Alton Wingate.
FSI's board of directors has elected Roy Bell to replace Motz as president and c.e.o. Bell joined FSI in April 1996 as v.p., director of retail, calling on retail and financial institutions throughout the Southeast. Before joining the company, he was employed by Eagle Snacks within the Anheuser Busch Company, Inc. in various sales management roles.
FSI is a non-bank subsidiary of Community Bank & Trust -- a division of Community Bankshares, Inc. FSI has strategic alliance partnerships with the Food Marketing Institute in Washington, D.C. along with several major grocery retailers. FSI began licensing the in-store banking concept in 1984.