Russell Colaco, who was named CEO of EG Group last week, has now been appointed the top executive at its U.S. subsidiary, EG America, the company announced on Friday.
Colaco will replace incumbent John Carey, who had been CEO of EG America since late 2023. Carey will transition to a senior advisor role.
“As I transition into the CEO role, I am pleased that John will be supporting me across the entire business,” Colaco said in a statement. “EG Group is well-positioned for further success, and I look forward to delivering on our attractive growth opportunities and a strong financial performance moving forward.”
With Colaco assuming the top leadership role at both EG Group and EG America in a matter of days, this is the first time the U.K.-based company will operate completely under one leader. When he was appointed CEO of EG Group last week, the company pointed out that he is based in the U.S., its most profitable market with over 1,500 c-stores across 30 states.
Colaco will assume leadership in the U.S. during a time in which EG America is looking to unify its many c-store banners. In a recent interview, Carey told C-Store Dive that integrating the systems, processes and people at each of its 10 banners under one umbrella has become one of the company’s biggest challenges.
As part of the shift, Carey will also retire from EG Group’s board of directors, according to the announcement.
“John has made a valuable contribution to the business both as a non-executive and latterly as an executive director of the business,” EG Group chairman Stuart Rose said. “We thank him for his contribution and also the important role he will play supporting Russ as he transitions into the CEO role.”
