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Global Partners Shakes Up Management Ranks

Waltham, Mass.-based Global Partners (NYSE: GLP  ) shook up its management ranks this morning.

Announcing the retirement of current company Chief Financial Officer, Chief Operating Officer, and Director Thomas J. Hollister Wednesday, Global Partners said it will be divvying up his responsibilities between two other people going forward.

Current company Treasurer Daphne Foster, a six-year veteran of the company, has been promoted to the position of CFO. Simultaneously, the company's senior vice president for light oil supply and distribution, Mark Romaine, who has been with the company 15 years, is being promoted to COO.

Details on the new executives' respective compensation schemes have not yet been disclosed.

Global Partners shares finished the day up 2.85% at $36.40.

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Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

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12/1/2015 10:07 AM
GLP $24.91 Up +0.05 +0.20%
Global Partners LP… CAPS Rating: ****