Giacobone to Spearhead Acquisition Strategy

GPM Investments promotes exec to key position

Chris Giacobone

RICHMOND, Va. -- To lead its acquisition strategy and to oversee its operations and marketing functions, GPM Investments LLC, operator of the Fas Mart and Shore Stop convenience store chains, has promoted Chris Giacobone to the position of to chief operating officer, the company announced yesterday.

As COO, Giacobone will add operations and marketing to his existing line of direct reports and will play a critical role in helping both define and lead GPM's acquisition efforts.

As reported in a Morgan Keegan/CSP Daily News Flash, Giacobone has been a member of the GPM Investments team since 2004 and most recently served as senior vice president of market development, fuels and facilities. Hewas also responsible for GPM's extensive wholesale footprint.

Prior to joining GPM, Giacobone served as vice president operations at DB Marketing Co., overseeing operations for 150 company-operated and franchise retail locations.

"I am very pleased to announce the appointment of Chris to this important senior leadership position in the company," said GPM CEO Arie Kotler. "He has demonstrated a solid track record at the company for the past eight years and has the necessary skill sets and determination to help us achieve our aggressive growth plans for the future."

Said Giacobone: "I am very excited and look forward to playing a more central role in helping define the future of our organization."

Fas Mart and Shore Stop are members of the GPM family of c-stores. GPM Investments is based in Richmond, Va., and operates 213 c-stores and supplies more than 115 independent dealers in Virginia, Maryland, Rhode Island, Delaware, Connecticut, North Carolina, Pennsylvania, New Jersey and Tennessee.