Arko Corp. has named Robert Giammatteo as its new executive vice president and CFO effective Jan. 2, according to a Thursday press release. He will also serve as CFO of the company’s c-store arm, GPM Investments.
Giammatteo will replace Don Bassell, who announced in January that he would retire at the end of the year.
“We expect that Robb’s leadership and incredibly relevant, multi-segment retail experience will significantly benefit the ARKO team,” said Arie Kotler, chairman, president and CEO of Arko Corp. “As our business grows and continues to expand, his expertise in finance, strategic leadership, and transformational management will help us skillfully reach new levels of development and management as one of the leading public companies in the convenience store industry.”
The new CFO brings more than 20 years of financial business experience to this new role. Giammatteo most recently worked for nearly four years as executive vice president, CFO and chief transformation officer of grocer Giant Eagle, parent of c-store chain GetGo Cafe + Market, according to his LinkedIn bio.
Before Giant Eagle, Giammatteo worked in several finance roles for fashion retail company Ascena Retail Group, first as senior vice president of FP&A and investor relations, then as executive vice president and CFO. Before that, he spent more than eight years combined with apparel companies VF Corporation and Limited Brands, as well as more than four years with General Motors’ OnStar.
“I am very excited to join the highly experienced team at ARKO,” said Mr. Giammatteo. “The Company has significant growth opportunity through both organic initiatives and ongoing acquisition activity.”
Bassell will remain with the company until April 2024 to help ensure a smooth transition.
“We’re grateful to Don Bassell for his leadership over a combined seventeen years, and for continuing with ARKO to ensure a smooth transition,” said Kotler.
Richmond, Virginia-based Arko has more than 1,500 c-stores in 33 states under a variety of brands in its GPM Investments arm, including E-Z Mart, Breadbox, ExpressShop and Pride.
