BP’s Tony Hayward, whose blunders in relation handling the oil spill in the press have created an outcry, is on his way out as CEO, a U.S. government official told the Associated Press. The senior U.S. official who spoke on condition of anonymity because an announcement had not been made, told the Associated Press he…
Core-Mark To Acquire Finkle Distributors Inc.
Core-Mark Holding Co. Inc., a marketer of fresh and broad-line supply solutions to the convenience retail industry in North America, has signed a definitive agreement to acquire the assets of Finkle Distributors Inc. (FDI) for approximately $43 million. FDI is a regional convenience wholesaler servicing customers in New York, Pennsylvania and surrounding states. Dan Finkle,…
Lettieri’s Combats Brand War
Lettieri’s has launched a ‘Counter Intelligence’ initiative, partnering with retailers nation-wide to highlight branded foodservice. According to David Poplau, director of marketing and sales support at Lettieri’s, the company’s new Counter Intelligence program was created to convert drab unprofitable counter space into a highly visible and profitable food marketing magnet. “We want to grab the customer’s attention…
Robert Dudley Promoted To CEO of BP
BP officially announced today that Tony Hayward is stepping down as CEO and being replaced by Robert Dudley effective Oct. 1, the Associated Press reported. As an American, Dudley marks BP PLC’s first ever non-British chief executive, the company said as it reported a record quarterly $17 billion loss and set aside $32.2 billion to…
7-Eleven, WWE Team for SummerSlam
After success with its World Wrestling Entertainment Inc. (WWE) promotion last year, 7-Eleven Inc. is climbing back in the ring this summer as a sponsor of SummerSlam), WWE’s biggest pay-per-view event of the summer. The convenience retailer has beefed up this year’s promotion, running now through Aug. 31, with double the variety of cups and…
Tiger Management Acquires 26 Exxon Stations
Tiger Management Groups LLC, owned by Chattanooga, Tenn. businessman Lyle Finley, has acquired 26 ExxonMobil gas stations in the Nashville area, The Tennessean reported. Finley already owns and operates 11 Exxon gas stations, and this new purchase grows his store count to 37 locations. The purchase also puts Irving, Texas-based Exxon closer to its…
Couche-Tard Pays Nominees $20,000 Each
As it continues in its bid to acquire Casey’s General Stores, Alimentation Couche-Tard plans to pay each of its independent nominees to the Casey’s board more than $20,000, according to a preliminary proxy it filed with U.S. regulators, New Brunswick Business Journal reported. The nine candidates are set to receive a one-time payment and…
Tedeschi Celebrates Renovations
Rockland, Mass.-based Tedeschi Food Shops continues its aggressive efforts to update its New England locations. Just recently it renovated two more stores-bringing the total of remodeled stores to eight in 2010. The two stores, located at 1 Bridle Road in Billerica and 210 Boston Street in Chelmsford, Mass., are now offering fresh food items like…
Jim Smith Resigns From FPMA
The Florida Petroleum Marketers and Convenience Store Association (FPMA) has accepted the resignation of its president and CEO, Jim Smith. Smith, a member of the FPMA Hall of Fame, was active in the association as both a marketer member and its chief executive for over 30 years. “Jim has been one of the strongest advocates…
Radiant and epay Join Forces
epay, a division of Euronet Worldwide Inc. and a prepaid and payments processor in the U.S., is integrating with Radiant Systems to offer its prepaid and payments program through the Radiant Point of Sale for Petroleum and Convenience Retail. The Spinx Co. headquartered in Greenville, S.C., was the first retailer to transact on this newly…