Cumberland Farms and Gulf: A marriage of convenience
When Joe Petrowski got the opportunity to serve as Gulf Oil’s president and CEO in 2005, he jumped at the chance. Not only was he fascinated by the energy industry, but the job allowed him to return to his native Boston area.
Petrowski grew up in Brockton and attended Harvard, where he wrote his thesis on the gasoline business. After graduation, he went to work in the energy industry.
In 2005, he came to Gulf, a wholesale petroleum distributor then headquartered in Chelsea. Since October, he has been CEO of Gulf Oil and Cumberland Farms (Gulf is a subsidiary of Cumberland). Ron Sabia is now the president and COO of Gulf, and Ari Haseotes is the president of Cumberland Farms.
Like Petrowski, 54, Cumberland Farms has local roots. It was started as a farm in Cumberland, R.I. With 600 stores from Maine to Delaware, and as far west as Pennsylvania, it is now the seventh largest convenience store operator in the U.S. There are about 2,500 Gulf stations in that same area.
In May, Cumberland Farms will move out of its Canton headquarters and Gulf will move out of its Newton offices. The two companies’ 400 corporate employees will be housed in the same office in Framingham.
Read the entire article by Julie Onufrak here