Convenience-store chain EG Group appointed Mark Segal as its group chief financial officer, the company announced Wednesday. He fills the position left by Russell Colaco, who was promoted from EG Group’s CFO to CEO in April.
“I am delighted that Mark is joining us as our chief financial officer,” Colaco said. “He is a strong addition to our team, bringing significant international financial and operational experience gained in both listed and private growth-oriented companies. We have clear plans in place for growing the EG business and I look forward to working with Mark to deliver on them.”
- EG America is No. 6 on CSP’s 2025 Top 202 ranking of U.S. c-store chains by store count.
Segal has about 35 years of global finance and operational experience in public and private companies in North America, EG Group said. He most recently worked at Spin Master Corp., a children’s entertainment business operating in more than 100 countries.
At Spin Master, Segal was executive vice president and CFO, and he was part of the team that undertook an initial public offering (IPO) of the business on the Toronto Stock Exchange in 2015, EG Group said. Before that, he worked for Husky Injection Moulding Systems and Canada Goose Inc.
“I look forward to working with Russ and the team to capture the significant growth opportunities EG is targeting,” Segal said. “EG has been at the forefront of developing an innovative and customer-focused offering, and I believe that my extensive international experience in both public and private companies will help ensure that the finance function supports the growth strategy. I am excited to meet my new colleagues and get started.”
In June 2024, EG Group, the parent company of EG America, reached an agreement to sell its more than 550-unit U.K. c-store and gas station business to co-founder Zuber Issa. On completion of the transaction, Zuber Issa stepped down as co-CEO of EG Group, with his brother, co-CEO Mohsin Issa, continuing to lead the business as sole CEO. Mohsin Issa stepped down in April and Colaco took over.
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. Its U.S. arm, EG America LLC, operates c-store brands including Cumberland Farms, Fastrac, Kwik Shop, Quik Stop, Sprint, Tom Thumb and Turkey Hill.
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