Haseotes Named CEO of Cumberland Gulf Group
Grandson of founders takes helm of multi-billion-dollar company
Published in CSP Daily News
FRAMINGHAM, Mass. -- The Cumberland Gulf Group, which includes the Cumberland Farms convenience-store chain and Gulf Oil L.P., one of the nation’s fastest-growing branded marketers of energy products, announced today that Ari N. Haseotes has been named chief executive officer. Haseotes, grandson of founders Vasilios and Aphrodite Haseotes, began working for the company nearly 12 years ago, most recently serving as the president and group chief operating officer and also a member of the Board of Directors. Haseotes succeeds Lily Bentas, who has been acting CEO, and will continue in her role as Chairman of the Board.
“Ari has worked for years at all levels of the company, contributing in significant ways to the continued growth and success of our iconic brands,” Bentas said. “He is perfectly positioned to lead both businesses and continue the tradition of superior customer service, innovation and commitment to excellence that has led us to be one of the most successful privately held companies in the country.”
Haseotes’ career with Cumberland Gulf began in the Cumberland Farms marketing department in 2003. In 2005, he was appointed to the position of vice president of strategic planning and business development in the Cumberland Farms finance department and became a member of the Board of Directors. Haseotes was named vice president of marketing in 2007 and served in that position until his promotion to president and chief operating officer in 2008. He was appointed president and group chief operating officer of Cumberland Gulf in 2013. He holds a bachelor's degree in business management from Boston College and an M.B.A. from Harvard University.
“I am extremely proud of the confidence placed in me by the Board of Directors. In addition, I am very pleased to oversee the hard work and dedication of the thousands of our team members throughout the Cumberland Gulf Group as we continue our charter to provide superior convenience and value to the customers and communities we serve,” Haseotes said.
Cumberland Farms, Framingham, Mass., is one of the largest, privately held, family-owned convenience-store operators in the United States. With approximately 600 stores, Cumberland Farms has a market-leading position throughout the Northeast and Florida. Cumberland Farms is the parent company to Gulf Oil LP, one of the nation’s largest wholesalers of refined petroleum products. Gulf Oil distributes motor fuels through a network of more than 2,500 branded gasoline retail centers, 12 proprietary oil terminals and more than 130 other supply points.