Sheetz Inc. announced Thursday that Joe S. Sheetz, currently the executive vice president of finance and store development, will advance into the position of president and CEO at the conclusion of its current fiscal year.
Current President and CEO Stan Sheetz will move into the role of chairman, while Steve Sheetz will leave his chairman's seat to fill a newly created position of Family Council Chairman.
The changes will take effect in October 2013.
"While I am looking forward to serving the company in a new capacity, I am also extremely excited to see Joe takeover leadership as president and chief executive officer," Stan Sheetz said in a written statement. "When his father, Big Joe Sheetz, passed away, Joe added the Store Development department to his responsibilities in Finance, Accounting and IT and has been doing a fantastic job. Joe is driven, bright and has the experience we need to help us write the next chapter of our company's history."
As a graduate of the Wharton School of Business at the University of Pennsylvania, Joe started at Sheetz in 1995 as director of personnel and became executive vice president of finance in 1996. He and his wife, Wendy, live in Altoona with their two children.
Stan Sheetz has been involved with the company on many levels his entire life and has served as president and CEO for the last 17 years.
The newly created family council position will allow Steve Sheetz to represent the Sheetz family shareholders in company-related issues, while remaining as chairman of CLI Transport, Sheetz' dedicated fuel carrier, and keeping his seat on the Sheetz board of directors.