Sunoco to acquire c-store operator Susser Holdings for $1.8 billion
New York — Energy Transfer Partners, parent company of Sunoco, plans to acquire Susser Holdings Corp. in a stock-and-cash deal valued at $1.8 billion.
Susser operates 630 convenience stores under the Stripes and Sac-N-Pac banners, in Texas, and surrounding states. Sunoco operates more than 5,000 stores, primarily on the East Coast.
In a statement, the companies said the deal would create “a strong and diversified stand-alone retail business that provides significant value and synergy opportunities and a platform for future growth.”
Bob Owens, president and CEO of Sunoco, will serve as the president and CEO of the combined businesses.
Petco names CFO
San Diego — Petco has named Larry Rutkowski as executive VP and CFO. Prior to joining Petco, Rutkowski served as executive VP and CFO for The Warnaco Group, an American textile and clothing corporation, and Primedia, a consumer advertising, new media and publishing company, both in New York.
Previously, he also held senior financial leadership positions at General Electric and Walt Disney Company.
"Larry is a highly accomplished executive with a proven track record of successful financial leadership for both public and privately-held companies," said CEO Jim Myers. "His unique skillset and experience in a diverse array of industries will serve us well as we continue to advance Petco’s leadership position in pet specialty. We’re thrilled to add Larry to our executive team."
Einstein Bros. automates service relationships with ServiceNow platform
Lakewood, Colo. – Einstein Noah Restaurant Group, parent company of the Einstein Bros. Bagels, Noah’s New York Bagels and Manhattan Bagel Company brands, has rolled out the cloud-based ServiceNow platform. Einstein retail brands are now automating and managing service relationships across the global enterprise through a single system of record.
Einstein Noah retail employees and staff from the organization’s IT, HR, marketing, payroll, real estate and risk departments use ServiceNow daily to track and resolve technical and compliance issues. The retailer says the automation of enterprise-wide services has improved end-user support processes at restaurants nationwide. To speed implementation and adoption of ServiceNow, Einstein Noah engaged ServiceNow solutions partner Cloud Sherpas.
“Just dealing with simple IT service requests like fixing a point-of-sale system or ordering new equipment was exhausting, both for our store reps and our IT team,” said Brian Kenfield, project manager at Einstein Noah Restaurant Group. “We were using paper and fax to submit service requests and an offline legacy software product to capture and monitor them. Reporting was impossible and visibility into incident status was extremely limited. “
Kenfield said that ServiceNow has enabled the company to automate key processes and speed service request fulfillment.
“We now have a centralized resource for IT service management that spans our entire organization,” he said.