ARKO Corp. Appoints Ross Parman to Lead Investor Relations and Government Affairs

Rhea-AI Summary

ARKO Corp. (Nasdaq: ARKO) has appointed Ross Parman as Vice President of Investor Relations and Government Affairs, enhancing its leadership as it marks its first year as a public company in the U.S. Parman, formerly Director of Communications at Altria, brings extensive experience in managing communications in highly-regulated industries. Chairman Arie Kotler praised Parman's leadership skills, emphasizing his importance in developing relationships with investors and analysts. ARKO, the 6th largest convenience store chain, operates approximately 3,100 locations across the U.S.

Positive

• Appointment of Ross Parman is expected to strengthen investor relations and corporate communications.
• Parman's background in regulatory industries is beneficial for ARKO's communication strategy.

Negative

• Transitioning management may cause temporary disruptions in investor relations.

Experienced executive will be a vital resource as ARKO completes first full year as a U.S. public company

RICHMOND, Va., Dec. 14, 2021 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), the 6^th largest convenience store chain in the U.S., announces that Ross Parman has been appointed Vice President of Investor Relations and Government Affairs. Parman will also manage and direct ARKO’s investor and corporate communications, including relationships with investors and sell-side analysts.

Prior to joining ARKO, Parman was Director of Communications for Altria, the largest tobacco company in the United States. He was responsible for communications initiatives across the enterprise, including regulatory and government affairs. Ross also previously held several senior roles in consulting, with a focus on highly-regulated industries, including energy.

“I’m proud that ARKO’s innovative culture continues to attract top-tier talent,” said Arie Kotler, Chairman, President and Chief Executive Officer of ARKO. “Ross has a track record of thoughtful leadership and has overseen complex projects for a diverse range of companies. He will be a vital resource for investors and analysts as ARKO completes its first full year as a U.S. public company.”

“ARKO has a growing investor base that is learning about the company’s unique story, stockholder value, and expanding leadership in the U.S. convenience store industry,” said Parman. “I look forward to working with ARKO’s world-class management team to help investors and other stakeholders learn about our path to leadership.”

To learn more about ARKO, visit: www.arkocorp.com.

About ARKO Corp.

ARKO Corp. (Nasdaq: ARKO) owns 100% of GPM Investments, LLC (“GPM”). Based in Richmond, VA, GPM was founded in 2003 with 169 stores and has grown through acquisitions to become the 6^th largest convenience store chain in the United States, operating or supplying fuel to approximately 3,100 locations in 33 states and the District of Columbia, comprised of approximately 1,415 company-operated stores and approximately 1,675 dealer sites to which we supply fuel. We operate in three reportable segments: retail, which consists of fuel and merchandise sales to retail consumers; wholesale, which supplies fuel to third-party dealers and consignment agents; and GPM Petroleum, which supplies fuel to our sites (both in the retail and wholesale segments). Our stores offer fas REWARDS® high value loyalty program, a large selection of beverages, coffee, fountain drinks, candy, salty snacks, and many other products to meet the needs of the everyday customer. To learn more about GPM stores, visit: www.gpminvestments.com. To learn more about ARKO, visit: www.arkocorp.com.

Media Contact
Andrew Petro
Matter on behalf of ARKO Corp.
(978) 518-4531
apetro@matternow.com 

Investor Contact
Ross Parman
ARKO Corp.
RParman@gpminvestments.com 

FAQ

Who is Ross Parman and what is his role at ARKO?

Ross Parman has been appointed Vice President of Investor Relations and Government Affairs at ARKO, responsible for managing investor communications and government relations.

What is the significance of ARKO completing its first year as a public company?

Completing its first year as a public company signifies ARKO's establishment in the market and presents opportunities for growth and investor engagement.

How might Ross Parman's appointment impact ARKO's investor relations?

Parman's experience in communications and regulatory affairs may improve ARKO's relationships with investors and analysts, providing them with clearer insights into the company's operations.

What is ARKO's position in the convenience store industry?

ARKO is the 6th largest convenience store chain in the U.S., operating approximately 3,100 locations across 33 states.