ARKO Corp. Announces Departure of Chief Financial Officer Robb Giammatteo

Rhea-AI Summary

ARKO Corp. (Nasdaq: ARKO), a Fortune 500 convenience store operator, announced that Chief Financial Officer Robb Giammatteo will depart the company to pursue opportunities outside the convenience store sector. Giammatteo will continue serving as CFO through October 10, 2025, to ensure a smooth transition.

CEO Arie Kotler acknowledged Giammatteo's contributions in advancing ARKO's transformation plan and strengthening the finance department. Giammatteo expressed pride in his achievements with the company and will remain a shareholder after his departure.

Positive

• None.

Negative

• Departure of key executive (CFO) creates leadership transition uncertainty

News Market Reaction – ARKO

-1.20%

6 alerts

-1.20% Session close to close

$537.78M Market Cap

0.1x Rel. Volume

In the Aug 19 session, ARKO declined 1.20%, reflecting a mild negative market reaction. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

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RICHMOND, Va., Aug. 18, 2025 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (the “Company”), a Fortune 500 company and one of the largest convenience store operators in the United States, today announced that Chief Financial Officer (“CFO”) Robb Giammatteo will depart the Company to pursue a new opportunity outside the convenience store sector.

“Robb has played an important role in advancing our transformation plan and strengthening ARKO’s finance department,” said Arie Kotler, Chairman, President, and Chief Executive Officer. “His operational discipline and collaborative leadership have helped position ARKO for long-term success. On behalf of the Board and our entire team, I extend our sincere thanks to Robb for his many contributions and wish him continued success in this next chapter.”

Reflecting on his tenure, Mr. Giammatteo added, “It has been an honor to work alongside such a talented and committed team at ARKO. Leading the finance team through this period of transformation has been a privilege and deeply fulfilling. I am proud of what we have achieved together and I am excited to watch ARKO continue to advance its transformation plan as a shareholder.”

Mr. Giammatteo will continue to serve as ARKO’s CFO through October 10, 2025, to oversee his current responsibilities and ensure an orderly transition.

About ARKO Corp.

ARKO Corp. (Nasdaq: ARKO) is a Fortune 500 company that owns 100% of GPM Investments, LLC and is one of the largest operators of convenience stores and wholesalers of fuel in the United States. Based in Richmond, VA, our highly recognizable Family of Community Brands offers delicious, prepared foods, beer, snacks, candy, hot and cold beverages, and multiple popular quick serve restaurant brands. We operate in four reportable segments: retail, which includes convenience stores selling merchandise and fuel products to retail customers; wholesale, which supplies fuel to independent dealers and consignment agents; fleet fueling, which includes the operation of proprietary and third-party cardlock locations, and issuance of proprietary fuel cards that provide customers access to a nationwide network of fueling sites; and GPM Petroleum, which sells and supplies fuel to our retail and wholesale sites and charges a fixed fee, primarily to our fleet fueling sites. To learn more about GPM stores, visit: www.gpminvestments.com. To learn more about ARKO, visit: www.arkocorp.com.

Company Contact
Jordan Mann
ARKO Corp.
investors@gpminvestments.com

Investor Contact
Sean Mansouri, CFA
Elevate IR
(720) 330-2829
ARKO@elevate-ir.com

FAQ

When is ARKO CFO Robb Giammatteo leaving the company?

Robb Giammatteo will continue serving as ARKO's CFO through October 10, 2025 to ensure an orderly transition.

Why is ARKO's CFO Robb Giammatteo leaving?

Giammatteo is departing ARKO to pursue a new opportunity outside the convenience store sector.

Who will replace Robb Giammatteo as ARKO's CFO?

ARKO has not yet announced a replacement for Robb Giammatteo as Chief Financial Officer.

What is ARKO's position in the convenience store industry?

ARKO is a Fortune 500 company and one of the largest convenience store operators in the United States.