Sheetz Announces Planned Leadership Changes
Joe Sheetz Will Assume Role as President and Chief Executive Officer; Stan Sheetz to Become Chairman of the Board
ALTOONA, Pa., Nov. 2, 2012 /PRNewswire/ -- Sheetz, Inc. has announced that Joe S. Sheetz, Executive Vice President of Finance and Store Development, will advance into the position of President and CEO at the conclusion of its current fiscal year.
Current President and CEO, Stan Sheetz, will move into the role of Chairman, while Steve Sheetz, will leave his Chairman seat to fill a newly created position of Family Council Chairman.
These changes will take effect in October 2013.
"While I am looking forward to serving the company in a new capacity, I am also extremely excited to see Joe takeover leadership as President and Chief Executive Officer," said Stan Sheetz. "When his father Big Joe Sheetz passed away, Joe added the Store Development department to his responsibilities in Finance, Accounting and IT and has been doing a fantastic job! Joe is driven, bright and has the experience we need to help us write the next chapter of our company's history."
As a graduate of the Wharton School of Business at The University of Pennsylvania, Joe started at Sheetz in 1995 as Director of Personnel and became EVP of Finance in 1996. He and his wife Wendy, live in Altoona, PA with their two children.
Stan Sheetz has been involved with the company on many levels his entire life, and has served as President and CEO for the past 17 years.
The newly created family council position will allow Steve Sheetz to represent the Sheetz family shareholders in company related issues, while remaining as chairman of CLI Transport, Sheetz dedicated fuel carrier, and keeping his seat on the Sheetz board of directors.
"We always want to be sure the family has a strong role in the future of the company," says Steve Sheetz. "We'd like to ensure that Sheetz continues to be a family business. Bringing in a new generation of leadership is an exciting first step toward maintaining that legacy."
Established in 1952 in Altoona, Pennsylvania, Sheetz, Inc. is one of America's fastest growing family-owned and operated convenience store chains, with more than $6.3 billion in revenue for 2012 and more than 14,000 employees. The company operates more than 430 convenience locations throughout Pennsylvania, West Virginia, Maryland, Virginia, Ohio and North Carolina. Sheetz provides an award-winning menu of MTO® subs, sandwiches and salads, which are ordered through unique touch-screen order point terminals. Sheetz currently ranks on the Best Places to Work list in Ohio and North Carolina and has been on that list in Pennsylvania for eight consecutive years. All Sheetz convenience stores are open 24 hours a day, 365 days a year. For more information, visit www.sheetz.com.
SOURCE Sheetz, Inc.
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