Corporate News

Corporate news affecting the convenience store industry

Schlatter appointment part of global brand push

CHICAGO -- The Wm. Wrigley Jr. Co. said that Martin Schlatter has been named vice president and chief marketing officer, reporting to Bill Wrigley Jr., chairman, president and CEO. In this newly created role, Schlatter will be accountable for Wrigley's global marketing function, developing the...

Atwell joins confectionery company

HENDERSON, Nevada -- Ken Margulis, vice president of sales and marketing, and Pierre Redmond, founder and president of Quality Candy Co. Inc., makers of King Leo and Gilliam retail candy brands, as well as Quality Candy brand foodservice products, have appointed a new national sales director...

Valero reports record 1Q earnings

SAN ANTONIO -- Valero Energy Corp. has reported record first-quarter net income of $849 million, or $1.32 per share, which compares to $534 million, or 96 cents per share, in the first quarter of last year. As of March 31, 2006, the company's debt-to-capitalization ratio, net of cash, was 23.5%,...

Several sellers offering more than a dozen sites in sealed-bid sale
BP selling 23 sites
Analysts predict quick resale of Village Pantry chain after closing
Motorist savers cashing in on low prices
Major oil company continues to add more dealer-, jobber-owned sites
Plans to offer 10 million shares at $14-$16 a share
Jerry D. Maahs, founder and former president of foodservice equipment maker Alto-Shaam Inc., has passed away at age 74.