WESTLAKE, Ohio — TravelCenters of America (TA) has appointed Jonathan Pertchik as CEO and managing director effective immediately, succeeding the retiring Andrew Rebholz.
“Jon is a seasoned executive who has led multiple businesses in different industries through various stages of transformation and growth over the past 20 years,” said Adam Portnoy, chairman of the TravelCenters of America board and president and CEO of holding company The RMR Group, Newton, Mass. “The TA board is confident that his proven track record and engaged management style will advance TA and lead to improved cash flows and enhanced performance.”
Previously, Pertchik was an executive for companies owned or controlled by private equity groups, including Starwood Capital Group, TPG, Carl Icahn, Richard LeFrak and Perry Capital. In his most recent role, Pertchik was CEO of Intown Suites, an extended-stay hotel chain. Pertchik was also CEO of ST Residential, a joint venture with the FDIC, which managed a $5 billion portfolio of loans and real estate from Corus Bank.
“I am looking forward to applying established transformative practices from my prior turnaround experience to increase cash flows and margins and create a more efficient organization,” Pertchik said. “TA is an impressive company with a long history of successfully serving both professional drivers and highway motorists, and I am excited to build upon this great company’s unique position in the marketplace.”
Rebholz will continue to advise the company until the end of June.
“On behalf of the TA board, we thank Andy for his over 22 years of dedication to TA. Over a long and distinguished career at TA, Andy has made significant contributions to the company’s success, and we wish him the very best as he prepares for his retirement,” Portnoy said.
- TravelCenters of America is No. 29 in CSP’s2019 Top 202 ranking of convenience-store and travel centers by number of retail outlets.
Westlake, Ohio-based TravelCenters of America’s business includes more than 260 travel centers in 43 states (and one in Ontario) and stand-alone restaurants in 13 states. Its travel centers operate under the TravelCenters of America, TA, TA Express, Petro Stopping Centers and Petro brands and offer diesel and gasoline fueling, restaurants, truck repair services, travel and convenience stores and other services for professional drivers and other motorists. The company's stand-alone restaurants operate principally under the Quaker Steak & Lube brand.