Please ensure Javascript is enabled for purposes of website accessibility

Global Partners Shakes Up Management Ranks

By Rich Smith - Apr 24, 2013 at 6:29PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Oil and gas distributor trades a combination CFO/COO for one new CFO, and one new COO, separately.

Waltham, Mass.-based Global Partners (GLP -1.40%) 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.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Global Partners LP Stock Quote
Global Partners LP
GLP
$27.51 (-1.40%) $0.39

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
330%
 
S&P 500 Returns
115%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/23/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.