Sheetz Passes the Torch to Next Generation
ALTOONA, Pa. -- Joe S. Sheetz, executive vice president of finance and store development at Sheetz Inc., will advance into the position of president and CEO come October 2013, the conclusion of the company's current fiscal year.
Current President and CEO Stan Sheetz will move into the role of chairman, while Steve Sheetz will leave his chairman seat to fill the newly created position of Family Council Chairman.
"While I am looking forward to serving the company in a new capacity, I am also extremely excited to see Joe take over leadership as president and chief executive officer," said Stan Sheetz. "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 Sheetz started at the family business in 1995 as director of personnel. He then became executive vice president of finance in 1996.
Stan Sheetz has been involved with the company on many levels his entire life, and has served as president and CEO for the past 17 years.
Meanwhile, the newly created family council position will allow Steve Sheetz to represent the Sheetz family shareholders in company-related issues, while also remaining as chairman of CLI Transport, Sheetz' dedicated fuel carrier. Steve Sheetz will also keep his seat on the Sheetz board of directors.
"We always want to be sure the family has a strong role in the future of the company," said Steve Sheetz. "We'd like to ensure that Sheetz continues to be a family business. Bringing in a new generation of leadership is an exciting first step toward maintaining that legacy."