Corporate News

Corporate news affecting the convenience store industry

Cahill to remain executive chairman until early 2007

SOMERS, N.Y. -- The Pepsi Bottling Group Inc. said its board has elected Eric J. Foss as president and CEO of the company effective immediately. Foss, 48, who most recently served as PBG's COO, was also elected to the company's board. Foss succeeds John T. Cahill, 49, who has been PBG's CEO since...

Will use expected $93 million for debt, growth; rebranding from Circle K to Stripes

CORPUS CHRISTI, Texas -- Susser Holdings Corp. said in a U.S. Securities & Exchange Commission (SEC) filing that it has set its planned initial public offering (IPO) of six million shares at an estimated price of $16 to $18 each. Susser officials could not discuss the IPO because they are still...

BP/Amoco vet named to newly created position: senior vice president of fuels

SANFORD, N.C. -- Retail expansion has led to The Pantry Inc. to create the new position of senior vice president of fuels, and it has named Keith Bell, 42, to the post. In this role, Bell will oversee all of the company's internal gasoline and environmental operations, and will also manage its...

The Pinnacle Corp. said that it has recruited John Cheneler as its new vice president of sales.
San Luis Obispo stores touted for amenities, location
Follett Corp. has appointed Dave Tumbusch to the position of vice president of operations.
Purvi Petroleum III LLC has put 28 operating convenience stores with gasoline up for sale.
Barney's leader sells 10-store chain to Michigan wholesaler.
Execs shift at brewer as Adami, Long rise
Analysts predict additional growth