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Joins Transformation Team of New Senior Leaders as part of Company Turnaround Plan
TravelCenters of America Inc. (Nasdaq: TA) today announced the hiring of another new senior leader to aid in the company’s recently announced strategic reorganization and transition plan. Fuel and oil industry expert Jeff Burrell joins the company as Senior Vice President, Fuel, and in that position he will lead the company in all aspects of fuel purchasing and operations, including contracting, retail pricing, and exploration and testing of new fuel-related ventures. Mr. Burrell replaces Mark Dansizen, who is retiring from the organization. TA is grateful for Mr. Dansizen's contributions to the company and is pleased to have him continue to serve as a senior advisor and assist in the transition.
Mr. Burrell brings more than 20 years of industry experience to TA. He previously served as a Global Vice President for Circle K and its parent company Alimentation Couche-Tard, a multinational operator of 15,000 convenience stores, where he was responsible for all of Circle K’s global fuel sourcing, brand and terminal strategy, supply and trading, and consumer forecourt experience at sites. He also spent more than a decade in leadership positions at BP, including Chief Operating Officer of the company’s west coast Ampm/Arco business. He also led fuel sales to BP’s largest national accounts in North America. Mr. Burrell started his oil industry career overseeing regional operations for Sunoco.
"Jeff’s arrival is yet another deliberate and strategic step we are taking to position our company for growth and success during this time of transformation. He will challenge the company to test new ways of driving efficiency and value in its high-volume fuel business to help pass savings and efficiencies to our fleets, drivers and leisure travelers," said Jon Pertchik, CEO of TA. "This really is a unique time for us; we now have a new senior leadership team in place that we expect to completely shift the trajectory of this great company."
The addition of Mr. Burrell marks the fifth new senior leader to join the company since it announced a comprehensive reorganization and turnaround plan on May 1. The other new senior leaders are SVP and Chief Information Officer Sandy Rapp, SVP of Corporate Development Dennis King, SVP of Hospitality Kevin Kelly and SVP of Procurement Jamie Hubbard.
"This new transformation team not only brings to TA a vast amount of experience, fresh perspective and innovative ideas, but each member comes with an intrinsic eagerness to develop successful teams and foster collaboration, which benefits our employees, company culture and ultimately our customers and partners," Pertchik added. "We are confident we now have the team in place to further enhance the customer experience at TA."
About TravelCenters of America
TravelCenters of America Inc. (Nasdaq: TA) is the nation’s largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 20,000 employees serve customers in over 265 locations in 44 states and Canada, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, car and truck parking and other services and amenities dedicated to providing great experiences for professional drivers and the general motoring public. TravelCenters of America operates nearly 650 full-service and quick-service restaurants and 10 proprietary brands, including Quaker Steak and Lube®, Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
Warning Concerning Forward-Looking Statements
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Also, whenever TA uses words such as "believe", "expect", "anticipate", "intend", "plan", "estimate", "will", "may" and negatives or derivatives of these or similar expressions, TA is making forward-looking statements. These forward-looking statements are based upon TA’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by TA’s forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond TA’s control. For example:
This press release indicates several benefits that TA and its Chief Executive Officer, Jon Pertchik, expect TA to realize as a result of the hiring of Mr. Burrell and TA’s strategic reorganization and transition plan. However, there can be no assurance that TA will realize these benefits, including TA may not realize the annual cost savings and efficiencies it expects and its new management and changes in TA’s operating focus may not produce the results TA expects. Further, TA may not realize improved performance despite its new management and reorganization plan due to various factors and risks applicable to TA’s business, many of which are outside its control.
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TravelCenters of America