Company News

EG America Names New Chief Financial Officer, General Counsel

Lisa N’Chonon and Laura Sherman have been with the convenience-store retailer for 7 and 11 years, respectively
EG America
Photographs courtesy of EG America

EG America has recently shifted two leadership positions.

Lisa N’Chonon was recently named chief financial officer and treasurer of the Westborough, Massachussetts-based convenience-store chain. After serving in the role on an interim basis for the last 11 months, she will continue to lead all aspects of the finance organization, including accounting, financial planning and analysis, tax and treasury and risk management. Since joining the company in 2017, N’Chonon has previously held roles such as chief accounting officer and vice president of accounting operations.

Laura Sherman was recently named general counsel. Since joining the company in 2013, Sherman has held a series of progressively senior leadership positions within the legal department, most recently assistant general counsel and interim general counsel. As general counsel, she leads all aspects of the legal department, including litigation, contracts, records management, retail licensing and compliance and regulatory matters.

In addition to these leadership changes, at the beginning of the month, EG Group Ltd., the parent company of EG America LLC, reached an agreement to sell its more than 550-unit U.K. convenience-store and gas station business to co-founder Zuber Issa for $290.117 million.

On completion of the transaction, Zuber Issa will step down as co-CEO of EG Group, with his brother, co-CEO Mohsin Issa, continuing to lead the business as sole CEO. Zuber Issa will retain his existing shareholding in the company and remain on the board as a nonexecutive director.

Founded in 2001 by the Issa family, Blackburn, United Kingdom-based EG Group is a gasoline forecourt and retail convenience operator with more than 6,200 sites across the United Kingdom and Ireland, Europe, the United States and Australia. In 2018, EG Group established itself in the United States as EG America by acquiring Kroger’s 762-site c-store network, which included the Turkey Hill, Loaf 'N Jug, Kwik Shop, Tom Thumb and Quik Stop banners. It acquired TravelCenters of America’s Minit Mart convenience-store business in 2018. The portfolio included 225 c-stores. And in 2019, among other acquisitions, EG Group acquired Cumberland Farms and its nearly 660 c-stores in the Northeast and Florida.

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