CST Brands, Inc. and CrossAmerica Partners LP announced that Joe Topper, the Chief Executive Officer and President of CrossAmerica, has decided to retire as CEO effective Sept. 30, 2015. In order to ensure a smooth leadership transition, Topper will resign as President of CrossAmerica effective immediately and Jeremy Bergeron, who served as CST Brands’ Senior Vice President of Integration and Development Operations, has been named CrossAmerica’s President.
Topper will continue the day-to-day management of CrossAmerica until Sept. 30. Bergeron will report to Topper until Topper retires as CEO. Topper will also continue to serve on the boards of both CrossAmerica and CST Brands after he formally steps down as CEO.
David Hrinak, CrossAmerica’s current Executive Vice-President and COO, will continue in his role and report directly to Bergeron.
“We want to thank Joe for his tremendous leadership and for graciously giving us six months to make this a seamless transition,” Kim Lubel, Chairman, CEO and President of CST Brands, said in a March 27 statement. “With this strong leadership succession plan, we hope to continue to create value for our shareholders and unit holders. We are excited for the next phase in the growth of our integrated company.”
CST Brands is an independent retailer of motor fuels and convenience merchandise in North America. Based in San Antonio, Texas, CST employs nearly 12,000 people at nearly 1,900 locations throughout the Southwestern United States, New York and Eastern Canada. CST also owns the general partner of CrossAmerica Partners LP, a master limited partnership and wholesale distributor of motor fuels, based in Allentown, Pennsylvania. For more information about CST, visit cstbrands.com.
CrossAmerica Partners, headquartered in Allentown, PA, is a wholesale distributor of motor fuels and owner and lessee of real estate used in the retail distribution of motor fuels. Its general partner, CrossAmerica GP LLC, is a wholly owned subsidiary of CST Brands, Inc.
