ARKO Corp. Appoints Robert Giammatteo as Chief Financial Officer

Giammatteo a Seasoned Financial Leader with Significant Experience in Retail

RICHMOND, Va., Dec. 21, 2023 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a Fortune 500 company and one of the largest convenience store operators in the United States, today announced that the Company has appointed Robert E. Giammatteo as its Executive Vice President and Chief Financial Officer, effective January 2, 2024. Mr. Giammatteo will also serve as Chief Financial Officer of ARKO subsidiary GPM Investments, LLC. Mr. Giammatteo’s appointment is the culmination of a process to identify a successor for Don Bassell, the Company’s current Chief Financial Officer, who at the beginning of 2023 announced his intention to retire by the end of the year.

Mr. Giammatteo joins ARKO as an experienced financial leader of both public and private companies, most recently serving as Executive Vice President, Chief Financial Officer and Chief Transformation Officer for Giant Eagle Inc., a leading regional grocery, convenience, and retail pharmacy operator. Prior to Giant Eagle, he spent nearly fifteen years in executive finance roles with leading retailers and apparel companies, including Ascena Retail Group, VF Corporation and Limited Brands. Mr. Giammatteo holds both a Bachelor of Science in Mechanical Engineering and a Master of Science in Aeronautical Engineering from the Massachusetts Institute of Technology, and a Master in Business Administration from the MIT Sloan School of Management. He also has a Master of Science in Mechanical Engineering from Rensselaer Polytechnic Institute.

“We expect that Robb’s leadership and incredibly relevant, multi-segment retail experience will significantly benefit the ARKO team,” said Arie Kotler, Chairman, President and Chief Executive Officer of ARKO Corp. “As our business grows and continues to expand, his expertise in finance, strategic leadership, and transformational management will help us skillfully reach new levels of development and management as one of the leading public companies in the convenience store industry. We’re grateful to Don Bassell for his leadership over a combined seventeen years, and for continuing with ARKO to ensure a smooth transition.”  As previously announced, Bassell will remain with the Company  until approximately April 2024 to assist with Mr. Giammatteo’s transition.