Arko Corporation, parent company of convenience retailer GPM Investments, has named Jordan Mann its new senior vice president of corporate strategy, capital markets and investor relations, effective Sept. 7, a company spokesperson confirmed.
Mann was appointed senior vice president of corporate strategy in May, but took on his latest responsibilities of leading Arko’s capital markets and investor relations last week, the spokesperson said.
Before joining Arko, Mann spent the last 12 years working in investment banking, included as an executive director at Morgan Stanley, vice president and director at Credit Suisse and vice president at Berkshire Capital Securities LLC. Much of his time in investment banking was spent covering the retail and consumer sectors, the spokesperson said.
Mann was also an associate with the law firm Skadden, Arps, Slate, Meagher & Flom for over six years earlier in his career, where he focused on mergers and acquisitions.
“As we continue to grow through acquisitions, our business has become increasingly complex — and Jordan’s strong sector knowledge and capital markets and M&A experience will be essential to highlighting our success to investors and helping us navigate what we believe is a very bright future,” Arie Kotler, chairman, president and CEO of Arko, said in a statement.
Although Arko has made 24 acquisitions since 2013, the convenience retailer has recently faced some hiccups on that front. The company failed earlier this year to acquire TravelCenters of America — which sold to BP for $1.3 billion in May — and last month saw its $49 million bid to acquire bankrupt retailer Mountain Express Oil fall through.
Richmond, Virginia-based Arko operates more than 1,500 c-stores in 33 states under a variety of brands through GPM Investments, including E-Z Mart, Breadbox, ExpressShop and Pride.
