The Cumberland Gulf Group announced that, effective Oct. 1, Joe Petrowski will be stepping down as CEO of the Cumberland Gulf Group and moving to a new role as a strategic advisor to management and the Board of Directors.
As Petrowski steps down as CEO, Lily Bentas, chairman of the board, will serve as interim CEO. In this capacity, she will work closely with Ari Haseotes, chief operating officer of the Cumberland Gulf Group and president of Cumberland Farms, as well as Ron Sabia, executive vice president of the Cumberland Gulf Group and President of Gulf Oil.
“This change comes at an exciting time for our organization. Thanks to thousands of dedicated team members throughout the Cumberland Gulf Group, we continue to achieve a high level of success, and are well positioned for future growth,” said Bentas. “In particular, we would like to thank Joe for his many contributions that have helped to bring us to where we are today and look forward to his continuing assistance as a strategic advisor in the future.”
The Cumberland Gulf Group, which includes Cumberland Farms convenience store chain and Gulf Oil L.P., a fast growing branded marketer of energy products, noted it is on track for a very strong fiscal 2013, which ends on Sept 30. Cumberland Farms is one of the largest privately held, family-owned convenience store operators in the U.S. With approximately 600 stores, Cumberland Farms has a market leading position throughout the Northeast, as well as a significant presence in the Mid-Atlantic region and Florida.