TA Petro Overview of SVC Leases and Financial Upside
Transformed And Improved Corporate Structure
TA completed a company-wide reorganization to seek to improve its
long-term operational efficiency and profitability.
Reorganization Plan Highlights
• Following the appointment of Jonathan M. Pertchik as
CEO in December 2019, TA embarked on a full strategic
reorganization
Significant leadership appointments, including highly
experienced CFO and SVPs
• Reduced corporate headcount by ~130, eliminating
duplicative or unnecessary positions
8
-
TA expects this initiative to result in net annual SG&A
expense savings of -$13.1 million
Purposeful reorganization of corporate structure
Corporate Development: New department tasked
with carrying out planned strategic initiatives,
improving data management and leading innovation
for the organization
Procurement: Centralized department will handle all
purchasing to seek economies of scale, generate
negotiating leverage and make strategic purchasing
decisions
- Hospitality: Combining convenience store, restaurant
and gaming operations to capitalize on overlap of
each in order to drive operational efficiencies
Proven Track Record of New Leadership
Jonathan M.
Pertchik
CEO
Barry A. Richards
President
Peter J. Crage
EVP, CFO &
Treasurer
Mark Young
EVP & General
Counsel
Sandy Rapp
SVP, CIO
Dennis King
SVP, Corporate
Development
Kevin Kelly
SVP, Hospitality
Jamie Hubbard
SVP, Procurement
Jeff Burrell
SVP, Fuel
Karen Kaminski
SVP, Human
Resources
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•
•
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Most recently served as CEO of Starwood
Capital Group's InTown Suites
Has held various roles at TA since joining in
2000, most recently as EVP of Commercial
Operations before assuming his current role
Previously served as CFO for Diamond
Resorts, SeaWorld Entertainment Inc., and
Cedar Fair Entertainment Company
Has served as EVP & General Counsel since
joining TA in 2007
Previously CIO of The Timken Company with
30+ years of executive leadership experience
in information systems
Former Associate Partner at McKinsey who
previously worked for Booz & Co. and Kraft
Foods
Previously served as President of the Parks
and Resorts group for Delaware North
Previously oversaw procurement at Ascena
Retail Group
Former Global VP, Fuels for Alimentation
Couche-Tard - set up their first global team
specializing in supply & trading
Joined TA in 2015 and brings more than 25
years of human resources experience
Town
Previous Experience
TPG
DIAMOND
Resorts
TA
SeaWorld
TA Staples
TIMKEN
booz&co.
Justice
Couche-Tard
A
STARWOOD
CAPITAL GROUP
Cedar Fair
Ex Cory
Sullivan
LINGUISTALOGIX
SULLIVAN & WORCESTER
*⚫ OEC®
McKinsey
& Company
Delaware
North
ANN TAYLOR
Kraft
Burlington
Coat Factory
SUNDCO bp
JOANN
CAESARS
ENTERTAINMENT.
TA PETRO TAEXPRESS
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