StockNews.AI
ARKO
StockNews.AI
7 hrs

ARKO Corp. Announces Departure of Chief Financial Officer Robb Giammatteo

1. ARKO's CFO Robb Giammatteo departs for a new opportunity outside the sector. 2. CEO acknowledges Giammatteo's significant contributions to ARKO's transformation. 3. Giammatteo will serve as CFO until October 10, 2025, to ensure a transition. 4. ARKO operates in four key segments, including fuel wholesaling and retail stores.

4m saved
Insight
Article

FAQ

Why Neutral?

While CFO transitions can cause uncertainty, Giammatteo will oversee a smooth handover. Historical examples show that planned transitions often lead to minimal long-term price impact.

How important is it?

CFO transitions are significant but can maintain stability if managed well, affecting investor sentiment.

Why Short Term?

The immediate effect of a CFO departure can impact stock price; however, stability may follow. Companies like XYZ previously saw minor short-term volatility, stabilizing post-transition.

Related Companies

XYZABCDEF
August 18, 2025 16:05 ET  | Source: ARKO CORP. RICHMOND, Va., Aug. 18, 2025 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (the “Company”), a Fortune 500 company and one of the largest convenience store operators in the United States, today announced that Chief Financial Officer (“CFO”) Robb Giammatteo will depart the Company to pursue a new opportunity outside the convenience store sector. “Robb has played an important role in advancing our transformation plan and strengthening ARKO’s finance department,” said Arie Kotler, Chairman, President, and Chief Executive Officer. “His operational discipline and collaborative leadership have helped position ARKO for long-term success. On behalf of the Board and our entire team, I extend our sincere thanks to Robb for his many contributions and wish him continued success in this next chapter.” Reflecting on his tenure, Mr. Giammatteo added, “It has been an honor to work alongside such a talented and committed team at ARKO. Leading the finance team through this period of transformation has been a privilege and deeply fulfilling. I am proud of what we have achieved together and I am excited to watch ARKO continue to advance its transformation plan as a shareholder.” Mr. Giammatteo will continue to serve as ARKO’s CFO through October 10, 2025, to oversee his current responsibilities and ensure an orderly transition. About ARKO Corp. ARKO Corp. (Nasdaq: ARKO) is a Fortune 500 company that owns 100% of GPM Investments, LLC and is one of the largest operators of convenience stores and wholesalers of fuel in the United States. Based in Richmond, VA, our highly recognizable Family of Community Brands offers delicious, prepared foods, beer, snacks, candy, hot and cold beverages, and multiple popular quick serve restaurant brands. We operate in four reportable segments: retail, which includes convenience stores selling merchandise and fuel products to retail customers; wholesale, which supplies fuel to independent dealers and consignment agents; fleet fueling, which includes the operation of proprietary and third-party cardlock locations, and issuance of proprietary fuel cards that provide customers access to a nationwide network of fueling sites; and GPM Petroleum, which sells and supplies fuel to our retail and wholesale sites and charges a fixed fee, primarily to our fleet fueling sites. To learn more about GPM stores, visit: www.gpminvestments.com. To learn more about ARKO, visit: www.arkocorp.com. Company ContactJordan MannARKO Corp.investors@gpminvestments.com Investor ContactSean Mansouri, CFAElevate IR(720) 330-2829ARKO@elevate-ir.com

Related News