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Global Partners Mourns the Loss of Board Chairman Richard Slifka

1. Richard Slifka, Chairman of Global Partners LP, passed away at 85. 2. Slifka contributed significantly to Global's development and community engagement. 3. Slifka's leadership spanned over six decades, fostering company integrity. 4. His passing may impact governance and strategic direction of GLP. 5. Global Partners LP remains a leader in liquid energy services.

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FAQ

Why Neutral?

While Slifka's death marks a leadership transition, GLP's established structure mitigates volatility, similar to past leadership changes.

How important is it?

Leadership changes can influence investor confidence; however, GLP's solid infrastructure is likely to sustain its performance.

Why Short Term?

Immediate governance discussions may occur, but stability is expected long-term.

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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) announces with deep sadness the passing of Richard Slifka, Chairman of the Board of Directors of the Partnership’s general partner, Global GP LLC. Mr. Slifka passed away on May 25, 2025, at the age of 85. A steady and thoughtful presence, Richard helped shape Global over more than six decades, growing the foundation of the business alongside his brother, the late Alfred A. Slifka, and serving as a consistent voice of integrity and long-term thinking. “Richard helped lay the foundation for what Global is today, working alongside my father with quiet strength and enduring values,” said Eric Slifka, President and CEO of Global Partners LP. “He brought diligence, consistency, and a sense of purpose to everything he did, always putting people and community at the center of his work. He will be deeply missed.” Richard joined the company in 1963 and held various leadership and governance roles throughout his career, including Treasurer and Director of Global Companies LLC and President of Global Petroleum Corp. He was elected Vice Chairman of Global GP LLC in 2005 and became Chairman in 2014. He also served as President of the Independent Fuel Terminal Operators Association, a past Director of the New England Fuel Institute, and brought valuable continuity to the board through his deep industry experience and institutional knowledge. Beyond the business, Richard was the quiet force behind much of Global’s charitable work. He served on the board of directors of St. Francis House for over 20 years, the Board of Trustees of Boston Medical Center for 15 years, and a Director of the National Multiple Sclerosis Society for over 40 years. His generosity and community spirit touched countless lives. Richard is survived by his wife, Rosalyn; his children, Amy and her husband Jamie, Karen and her husband Jeffery, Andrew and his wife Jodi, 6 grandchildren; and a legacy of kindness, steady counsel, and enduring generosity. About Global Partners LP Building on a legacy that began more than 90 years ago, Global Partners has evolved into a Fortune 500 company and industry-leading integrated owner, supplier, and operator of liquid energy terminals, fueling locations, and guest-focused retail experiences. Global operates or maintains dedicated storage at 54 liquid energy terminals—with connectivity to strategic rail, pipeline, and marine assets—spanning from Maine to Florida and into the U.S. Gulf States. Through this extensive network, the company distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial customers. In addition, Global owns, operates and/or supplies approximately 1,700 retail locations across the Northeast states, the Mid-Atlantic, and Texas, providing the fuels people need to keep them on the go at their unique guest-focused convenience destinations. Recognized as one of Fortune’s Most Admired Companies, Global Partners is embracing progress and diversifying to meet the needs of the energy transition. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.

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