The presentation will not be Webcast, but a copy of the presentation that will be used during investor meetings scheduled for June 5-6 has been made available at in the Investor Relations section under Events and Presentations. began as a fuel distribution company founded by his father and grew into a publicly traded Fortune 500 company that operated Susser Petroleum Co., Stripes and Laredo. 26, 2014 /PRNewswire/ - Stripes® Convenience Stores has announced a new alliance with The University of Texas MD Anderson Childrens Cancer Hospital to. Susser shareholders will choose either 80.25 in cash. CEO Sam Susser is participating in the Stephens 2013 Spring Investment Conference being held in New York City. Susser operates 630 Stripes and Sac-N-Pac convenience stores in New Mexico, Oklahoma and Texas. We are very pleased to name Sid to our management team and are confident Richard’s intimate knowledge of our stores will result in meaningful process improvement and efficiencies in our maintenance and capital programs.” “With the growing complexity of adding over 30 new stores and nearly 1,000 new employees a year, we need additional organizational depth and experience,” said Steve DeSutter, Stripes president and CEO. Richard Sebastian, a 17-year veteran with Stripes, has taken on the role of senior vice president of facilities, construction and Applied Petroleum Technologies Ltd., and will be responsible for the company’s maintenance, new store and capital expenditure programs. In this role, he was responsible for driving financial performance of approximately 475 locations. Facebook Twitter LinkedIn CORPUS CHRISTI, Texas - When Sam Susser, CEO of Susser Holdings Corp., sold that company and its Stripes convenience stores to Energy Transfer Partners LP (ETP) in 2014 for 1.8 billion, it marked the end of a long, steady run in the convenience-store industry for the Susser family. Keswani brings to Stripes more than 18 years of retail operations experience with Target, most recently as senior vice president for the Southeast region of the U.S. During the 1990s, the company expanded its retail presence by licensing dozens of convenience stores in Texas and Oklahoma under the 7-Eleven and Circle K banners. Stripes LLC announced the appointment of Sid Keswani as senior vice president of store operations. CORPUS CHRISTI, Texas - Susser Holdings Corp., operator of the 330-store Stripes convenience chain, signed agreements to acquire the parent company of privately held convenience store chain. Susser, grandson of founder Sam Susser, took the company's helm and helped spur more rapid growth in both the convenience retail and wholesale fuel businesses. The total cost of these stores sold to Susser Petroleum Partners, including post-completion true-up, was $73.0 million. This latest sale by Susser Holdings to Susser Petroleum Partners LP brings the total number of new-build store “dropdowns” to 18 since the initial public offering of units in the Partnership in September 2012. The stores operate under the Stripes brand, so even loyal customers may never have heard of Susser, the stock. has recently opened two new Stripes convenience stores, bringing the total number of new stores completed to eight since the beginning of the year.Ī sale and leaseback transaction of these two new stores was completed at the end of May for a total cost of $6.7 million.
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