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Sheetz transitions senior leadership
Altoona, Pa. -- C-store chain Sheetz announced Friday that Joe Sheetz will assume the role of president and CEO, and current president and CEO Stan Sheetz will become chairman of the board, effective October 2013.
Joe Sheetz is currently executive VP finance and store development.
Steve Sheetz, will leave his chairman seat to fill a newly created position of Family Council Chairman, allowing him to represent the Sheetz family shareholders in company-related issues, while remaining as chairman of CLI Transport, Sheetz dedicated fuel carrier. -
7-Eleven closes deal to purchase 163 Tetco stores
Dallas -- 7-Eleven announced that it has acquired the retail and wholesale dealer assets of San Antonio-based Tetco, closing a deal that was announced Aug. 14.
The assets include 163 company-operated convenience stores in Utah and the Dallas-Fort Worth, Austin and San Antonio areas of Texas.
Terms of the deal were not disclosed.
The acquisition signals a return to San Antonio for 7-Eleven, where the company had operated stores until 1989.