ALLENTOWN, Pa. – An Allentown-based convenience store operator and wholesale fuel distributor is announcing a change at the top.<\/p>\n
CrossAmerica Partners LP has named\u00a0Maura Topper its new president and CEO, effective Monday, March 2.<\/p>\n
Maura Topper previously served as the company’s chief financial officer (CFO).<\/p>\n
She takes over the top job from\u00a0Charles Nifong, who is moving to the executive management team of Dunne Manning Holdings LLC, which is an affiliate of CrossAmerica controlled by her father, Joseph Topper, Jr.<\/p>\n
In 1987, Joseph Topper purchased his family\u2019s retail fuel business and five years later founded Lehigh Gas Corporation, the predecessor to CrossAmerica Partners and Dunne Manning. He served as president and CEO of CrossAmerica from 2012 to 2015; he has served as CEO at Dunne Manning since 1992.<\/p>\n
Dunne Manning is a\u00a0portfolio of companies operating in the real estate and investment industries.<\/p>\n
Nifong led CrossAmerica as president and CEO since November 19, 2019.<\/p>\n
\u201cOn behalf of the Board, I want to extend our sincere gratitude to Charles for his dedicated and effective leadership of the Partnership,\u201d said Joseph Topper, in a news release announcing the change. \u201cDuring the last six years, Charles has overseen CrossAmerica\u2019s strategic pivot back into retail operations, while executing on our asset optimization initiatives and completing several of the largest transactions in CrossAmerica\u2019s history.”<\/p>\n
CrossAmerica’s headquarters are in downtown Allentown at 645 Hamilton Street.<\/p>\n
With a footprint that covers 34 states, CrossAmerica Partners LP is a wholesale distributor of motor fuels, a convenience store operator, and owner and lessee of real estate used in the retail distribution of motor fuels. According to its website, the company distributes fuel to approximately 1,600 locations and owns or leases approximately 1,000 sites.<\/p>\n
The company also operates more than 350 convenience stores in the U.S.; its brands include Uni-Mart and Joe’s Kwik Marts.<\/p>\n
Shares of CrossAmerica Partners (NYSE: CAPL) closed at $20.59 on Monday, an increase of 2%. The company has a market capitalization of $769 million.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"ALLENTOWN, Pa. – An Allentown-based convenience store operator and wholesale fuel distributor is announcing a change at the…\n","protected":false},"author":2,"featured_media":127836,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[214,119,121,120,60,805],"class_list":["post-127835","post","type-post","status-publish","format-standard","has-post-thumbnail","category-allentown","tag-_homepage_top_stories","tag-allentown","tag-allentown-headlines","tag-allentown-news","tag-business","tag-lehighvalley"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/127835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=127835"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/127835\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/127836"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=127835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=127835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=127835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}