Gulf Oil Names New President and CEO

Johnson succeeds head of recently appointed leadership team

WELLESLEY HILLS, Mass. -- Gulf Oil has appointed Eric Johnson as its new president and CEO, succeeding Jerry Ashcroft, who resigned on June 10 from his position as the CEO and president to pursue other interests.

Johnson is a 26-year veteran of the energy industry with extensive executive leadership experience throughout the refined product value chain. Prior to joining Gulf, Johnson held several leadership roles in operations and logistics.

“Gulf is an iconic brand and a strategically located asset platform that we are dedicated to investing in and growing,” said Eric Johnson, president and CEO of Gulf Oil. “I am honored to join Gulf’s experienced leadership team, committed staff and significant partners to further extend and secure our impact on the industry.”

Ashcroft came to Gulf Oil in April 2016 as part of the company’s new leadership team following its acquisition by ArcLight Capital Partners LLC.

Wellesley Hills, Mass.-based Gulf Oil is a diverse refined products terminaling, storage and logistics business and a distributor of motor fuels in the United States. Gulf owns and operates a network of 17 terminals with more than 14 million barrels of refined product storage capacity. Gulf is one of the Northeast’s largest wholesalers of refined petroleum products, distributing motor fuels through a network of thousands of branded gas stations and 1,000 unbranded outlets operated by major chain retailers in 30 states.

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