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Global Partners Announces the Appointment of Jaime Pereira to its Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Global Partners LP has appointed Jaime Pereira to its Board of Directors, effective October 25, 2021. With over 40 years of experience, including a notable tenure at Ernst & Young, Pereira brings significant expertise in finance and accounting. He will contribute to the audit, compensation, and conflicts committees, leveraging his knowledge gained from advising various public and private companies. This appointment aims to enhance the board's overall skill set and governance, potentially benefiting GLP stakeholders.
Positive
Jaime Pereira brings over 40 years of experience in finance, enhancing the board's expertise.
His previous relationship with GLP during his time at Ernst & Young provides him with unique insights.
Pereira's role on audit and compensation committees may enhance corporate governance.
Negative
Concerns regarding the experience gap as a new board member may impact continuity.
Former Ernst & Young Partner brings more than 40 years of experience advising an array of public and private companies
WALTHAM, Mass.--(BUSINESS WIRE)--
Global Partners LP (NYSE: GLP) today announced the appointment of Jaime Pereira to the Board of Directors of its general partner, Global GP LLC, effective October 25, 2021. Mr. Pereira will serve on Global’s audit, compensation and conflicts committees.
Eric Slifka, President and CEO of Global Partners and Vice Chairman of Global GP LLC, said, “Jaime is an astute financial expert and brings with him more than 40 years of experience advising public and private companies across diverse business lines. While at EY Jaime was a key partner on Global’s account—a relationship that provided him additional knowledge and insights in our business. Jaime will couple his historical knowledge of the company with his experience in mergers and acquisitions, financing, and audit committee leadership to bring fresh insights to his board role.”
Mr. Pereira became a Partner at international accounting firm Ernst & Young LLP in 1990. He started his career in the Hartford office but spent most of his career in Boston, where he served a wide range of companies. Jaime’s business acumen, ability to clarify issues, and aptitude to build consensus set him on a leadership path at EY, where he became responsible for the Consumer Products practice in the Northeast Region advising several Fortune 500 companies.
Mr. Pereira currently serves as a director on the Board of Roche Bros. Supermarkets Co. He graduated from the University of Massachusetts at Amherst and presently serves on the Advisory Council for the Isenberg School of Management.
“Jaime’s deep expertise in finance and accounting make him uniquely qualified to serve on our Board,” said Richard Slifka, Chairman of Global GP LLC. “His background of successfully guiding public companies and his collaborative leadership style complement the Board’s skillset, and we look forward to benefitting from his experience.”
About Global Partners LP
With approximately 1,550 locations primarily in the Northeast, Global is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. For additional information, visit www.globalp.com.
Gregory B. Hanson Chief Financial Officer
Global Partners LP (781) 894-8800
Sean T. Geary Acting General Counsel, Secretary and Vice President – Mergers & Acquisitions
Global Partners LP (781) 894-8800
Source: Global Partners LP
FAQ
What is the significance of Jaime Pereira's appointment to Global Partners LP's Board of Directors?
Jaime Pereira's appointment adds extensive financial expertise and insights from his previous work with Global Partners at Ernst & Young, potentially benefiting governance.
When did the appointment of Jaime Pereira to the Global Partners LP Board take effect?
Jaime Pereira's appointment to the Board of Directors became effective on October 25, 2021.
What committees will Jaime Pereira serve on at Global Partners LP?
Jaime Pereira will serve on the audit, compensation, and conflicts committees at Global Partners LP.
What experience does Jaime Pereira bring to the Board of Global Partners LP?
Jaime Pereira has over 40 years of experience in finance and accounting, having worked with a variety of public and private companies.
How might Jaime Pereira's appointment impact the shareholders of Global Partners LP (GLP)?
Pereira's expertise could enhance corporate governance and provide valuable insights that may positively influence shareholder interests.
