ATLANTA -- Bringing 18 years of experience at RaceTrac Petroleum Inc., Allison Moran will transition into the role of chief executive officer as chairman and CEO Carl Bolch Jr. hands over one of the reins of the convenience store chain to his eldest daughter.
As reported in a Raymond James/CSP Daily News Flash, RaceTrac--owner of more than 600 convenience stores--announced earlier today its leadership transition to a shared structure with Allison Moran as CEO and Carl Bolch Jr. retaining his role as chairman of the board, effective Dec. 31, 2012.
Allison MoranBolch has held both titles for most of his 45 years with RaceTrac, but has been working on this transition with Moran for the past year.
With the transition, Moran will assume the role of CEO, having responsibility for all everyday operational decisions. As chairman, Bolch will be responsible for general oversight and the strategic direction of the company.
Moran will be supported in her role of CEO by president Max Lenker, CFO Bob Dumbacher, and Billy Milam in a new role as chief operating officer. Milam, who was most recently senior vice president of store development and RaceWay, will build on his 15-year career at RaceTrac.
In a message to RaceTrac employees, Bolch said, "As a family business, RaceTrac benefits from a range of advantages that aren't often found in other companies; things like common values, strong commitment, loyalty, stability, decreased costs and a long-term view of the future."
He added, "Just as I joined my dad in the business back in 1967, I've had the pleasure of indoctrinating my own children and now have four who are avid TracFanatics that share my passion for the business. This transition will allow Allison to take RaceTrac into new, exciting and successful directions."
Moran brings more than 18 years of experience at RaceTrac and is responsible for the creation and development of the Human Resources department, transforming the quality of personnel throughout the company. For the past five years, she has led the largest division, RaceTrac company-operated stores. In this role, she spearheaded the group that conceived and executed the division's newest store prototype, the RT6K.
Moran is a believer that people are the company's best asset. "Our people are our competitive advantage and make the difference in everything we do. In my new role, I look forward to continuing to work with our 6,000 employees as they take us into the future. This is not only an exciting time for me, but for all of our employees, as well," she said.
"I am so fortunate to be surrounded by the extensive experience of my father, Max Lenker and Bob Dumbacher and a strong and committed team of thoughtful leaders. I am excited for what the future holds for RaceTrac," she added.
Based in Atlanta, RaceTrac has been serving customers since 1934. It operates more than 320 stores in five states (Texas, Georgia, Florida, Louisiana and Mississippi) under the RaceTrac brand. The company also licenses dealer-operated stores that operate under the Raceway brand.