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Progress, Pantry still Triangle's only Fortune 500 companies

Fortune has released its list of the 500 largest corporations in the country and the Triangle is home to the same number of members as last year: Two.

Raleigh-based Progress Energy came in at 239 (up from 288 last year) and Pantry, which relocated from Sanford to Cary, came in at 382 (down from 317 last year).

The Charlotte area, by comparison, is home to eight Fortune 500 companies: Bank of Ameirca, Lowe's, Duke Energy, Nucor, Goodrich, Sonic Automotive, SPX and Domtar.

North Carolina is home to 14 of the nation's top 500 companies, which is one more than the state had on the list last year.

Burlington-based Laboratory Corp. of America jumped from 510 to 422 to join the list.

Pantry names new chairman

The Pantry Inc. named Edwin Holman its new chairman of the board today. He will replace outgoing president, CEO and chairman Peter Sodini when Sodini leaves the company at the end of the month.

Holman has been a director for the Cary-based convenience store chain since October 2005. From December 2004 until his recent retirement, Holman was the chairman and CEO of Macy's Central, a division of the department store giant with 217 stores throughout the midwest and southeastern United States.

Holman's appointment follows the announcement that former Coca-Cola Enterprises executive Terrance Marks will take over the president and CEO role when Sodini retires from The Pantry.

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