PROVIDENCE, R.I. -- With the recent passing of company founder Warren Alpert, Warren Equities Inc. has realigned its management team.
The company said that Herbert Kaplan, formerly president and CEO, has been named chairman and will continue to serve as the organization's CEO. Also, Gus Schiesser, formerly executive vice president, has been appointed president and COO. And Jeffery Walker, formerly vice president, has been promoted to executive vice president.
While the unfortunate passing of Warren Alpert has left a deep void [image-nocss] for all of us, we must honor his wishes and continue to grow the business that he founded more than 55 years ago, said Kaplan.
Incoming president and COO Schiesser added, This company is all about its people. There are more than 2,000 employees in the Warren Equities family and each plays a vital role. I encourage everyone to make a difference, one idea, one initiative and one customer at a time. These are changing and demanding times in our business. We need to work harder, think smarter and be more innovative to stay ahead of our competition.
Providence, R.I.-based Warren Equities, with about $2 billion a year in volume, is the holding company for six separate entities marketing petroleum, grocery items and tobacco; operating retail gasoline and convenience stores; and providing environmental services. The organization posts in excess of $1 billion per year in sales and employs more than 2,000 people in 11 Northeast states.
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