ATLANTA – Allison Moran has stepped down as CEO of RaceTrac Petroleum Inc.
“As of July 24, Allison Moran no longer serves our company as CEO,” the company said in a statement provided to CSP Daily News. “RaceTrac will continue to benefit from Allison’s 23 years of experience as she remains a member of the board of directors.”
The company did not provide any specific details. A spokesperson said that RaceTrac is not for sale, and that Moran is leaving “for personal reasons.”
“The Bolch family remains committed to the continued success of RaceTrac and serving our guests as a third-generation family business,” it said. “Billy Milam, president, and Max McBrayer, chief supply officer, will work directly with executive chairman of the board Carl Bolch Jr. McBrayer will also serve as RaceTrac’s interim chief financial officer. Daily operations will not be impacted as RaceTrac continues to serve our guests, deliver innovative food options and create career opportunities for our 8,500 team members.”
RaceTrac chairman and CEO Carl Bolch Jr. handed over one of the reins of the c-store chain to his eldest daughter in late 2012. Bolch held both titles for most of his 45 years with RaceTrac before transitioning to Moran. (Carl Bolch Jr. was CSP's Retail Leader of the Year in 2009.)
Prior to that time, Moran had more than 18 years of experience at RaceTrac and is responsible for the creation and development of the company's human resources department. She then led the largest division, RaceTrac company-operated stores. In this role, she spearheaded the group that conceived and executed the division's newest store prototype, the RT6K.
Based in Atlanta, RaceTrac is composed of four operating divisions: RaceTrac, RaceWay, Energy Dispatch and Metroplex Energy. RaceTrac owns and operates more than 420 RaceTrac convenience-store locations across four Southern states: Georgia, Florida, Louisiana and Texas. RaceTrac also owns more than 330 RaceWay c-stores in 12 states across the Southeast.