West Des Moines, Iowa-based Kum & Go said its CFO, Craig Bergstrom, is the 2009 recipient of the Prairie Meadows CFO of the Year Award presented annually at the Des Moines Business Record Economic Forecast event. The awards recognize Central Iowa CFOs who have played a critical role in the success of their companies through…
In 2008, Big Things Were Small
Less was definitely more in restaurants last year, according to Mintel Menu Insights. A look back at menus from 2008 shows that three of the year’s top trends were related to downsizing: mini food, value pricing and lighter food options, largely the result of increased nutrition labeling laws, according to Mintel Menu Insights. “2008 was…
Kentucky Gas Stations Settle Gouging Claims
The Kentucky Attorney General’s office has accepted a $107,500 settlement from eight gas stations that were accused of gas-price gouging in the wake of Hurricane Ike last September, Legalnewsline.com reported. Five stores owned by Pilot Travels Centers (located in Corbing, Williamsburg, Middlesboro, Franklin and Oak Grove) agreed to pay $100,000 as part of the settlement,…
Bud Light Lime, A Peach In Convenience
Bud Light Lime was named the top-selling new product in the convenience channel in 2008 by Information Resources Inc. (IRI). Based on dollar sales for the 52-week period ending Dec. 28, 2008, of all new products introduced in the U.S. convenience channel for the year (as tracked by IRI’s AllScan Convenience Store Tracking service), Bud…
Fuel Frenzy Continues
By Brian L. Milne, Refined Fuels Editor for DTN The steady trend higher in retail gasoline prices across the U.S. since the start of January could stall in some metropolitan markets as month-end nears. Wholesale gasoline prices across the country moved lower in most markets during the week leading up to Jan. 26 as driving…
QuikTrip Makes Short Work of Top 100 List
Tulsa, Okla.-based convenience retailer QuikTrip was listed as No. 27 among the “100 Best Companies to Work For” in the U.S. in Fortune Magazine’s February 2009 issue. Also on the list was San Antonio, Texas-based Valero Energy, which ranked No. 93. In a story in the Tulsa World, QuikTrip President and CEO Chet Cadieux said…
Atlas Adds Two For Fuel, One For Retail
Atlas Oil Company is growing its ranks again, both on the fuel distribution and retail management sides of its business. Don Jensen has joined Atlas as vice president of supply, while Greg Bower has joined as biofuels business development director. Both men will be based in Atlas Oil Company’s Houston, Texas, office, where they’ll interact…
ExxonMobil Recommits To NASCAR
ExxonMobil said it has renewed a long-standing official partnership with NASCAR to keep its Mobil 1 motor oil and Mobil-brand lubricant products as NASCAR’s “Official Motor Oil” and “Official Lubricants.” The new agreement extends the partnership to 2012. The 2009 NASCAR season will mark the seventh consecutive season in which Mobil 1 has been the…
Bob Evans Changes Management
Bob Evans Restaurants announced that President Roger Williams is retiring after nearly 42 years with the organization, and he’ll be replaced by two men who will split the head spot at the company. The transition will also entail other leadership changes, all of which will take effect early in February. Williams will stay on board…
Senate Begins Debating SCHIP
Senate Majority Leader Harry Reid, (D-Nev.) and Sen. John Rockefeller, (D-W.Va.) announced that the Senate plans later today to begin work on expediting the reauthorization of the State Children’s Health Insurance Program (SCHIP), which could have a devestating impact on tobacco sales and profits. The bill intends to retain coverage for 6.7 million enrolled children…