logo
NACS Announces New President and CEO

NACS Announces New President and CEO

Business Wire30-07-2025
ALEXANDRIA, Va.--(BUSINESS WIRE)--NACS (the National Association of Convenience Stores) announced that Frank Gleeson, former president and CEO of Aramark Northern Europe and 2018-2019 NACS Chairman of the Board, will serve as its new president and CEO beginning January 1, 2026. Gleeson will succeed current NACS President and CEO Henry Armour and be only the fourth CEO in the organization's 64-year history; all four came to the position from the convenience and fuel retailing industry.
Frank Gleeson, former president and CEO of Aramark Northern Europe, will lead NACS (National Association of Convenience Stores) beginning January 1, 2026.
Share
Armour has served as NACS president and CEO since July 2005. Following his tenure as CEO, Armour will provide support to Gleeson and continue to lead international activities at NACS for several years.
'I am honored to follow the successes of Henry Armour and excited to lead NACS, which has a stellar reputation both in the United States and around the world. Henry has been a driving force behind making NACS into a truly global organization with members in over 50 countries, as well as developing its executive education offer, its leadership in moving the industry forward with new technology solutions like TruAge® and THRIVR, and its advocacy on issues critical to our industry. I look forward to building upon these successes and the great culture that Henry has led at NACS and throughout the industry,' said Gleeson.
Gleeson has deep experience in foodservice and convenience retailing. As president and CEO of Aramark Northern Europe from 2017 to 2024, he oversaw a team of over 20,000 employees across 2,800-plus locations in the United Kingdom, Ireland and EMEA (Europe, the Middle East and Africa), which served an estimated 1 million meals a day. Prior to Aramark, Gleeson was retail director at Topaz Energy Group, the largest importer, distributor and retailer of transportation fuel in Ireland with over 330 convenience stores and service stations, 60 distribution depots and 4 import terminals. He also served as vice president of retail at Statoil Ireland (now Equinor), where he led the development of the first American-style convenience store in Ireland. Most recently, he served as chairman of the National Oil Reserve Agency in Ireland.
Gleeson also has been extremely active in NACS and other trade associations. He previously served on the NACS International Board for 19 years and was on the NACS Board of Directors for 11 years, including his term as 2018-19 NACS Chairman of the Board. In addition, he was a board member and chairman of Retail Ireland (the leading business organization representing the retail sector in Ireland), a board member and president of the Irish Business and Employers Confederation and a board member of the Irish Transport Authority.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

How DeepSeek and Open-Source Models Are Shaking Up AI
How DeepSeek and Open-Source Models Are Shaking Up AI

Bloomberg

time3 minutes ago

  • Bloomberg

How DeepSeek and Open-Source Models Are Shaking Up AI

Tech companies and academics have long wrestled with the risks and rewards of building open-source software. But the frenzy around generative artificial intelligence has lent new significance to the debate. DeepSeek and other Chinese companies have pushed out a wave of low-cost, open source models that rival software from the top American AI developers. In response, OpenAI, a leading US AI company, has released a new open model, its first in six years. The Trump administration has called for more US tech companies to do the same.

Why Apple (AAPL) Shares Are Climbing Today
Why Apple (AAPL) Shares Are Climbing Today

Yahoo

time22 minutes ago

  • Yahoo

Why Apple (AAPL) Shares Are Climbing Today

Aug 6 - Apple Inc. (NASDAQ:AAPL) stock climbed about 4% on Wednesday morning as investors focused on a pending announcement about the tech giant's plans to expand its manufacturing footprint in the U.S. The White House hinted at a significant domestic investment from Apple, fueling speculation around new factory developments and job creation. Warning! GuruFocus has detected 1 Warning Sign with HLNE. Although exact details remain under wraps, the anticipation alone sent shares of Apple trending higher as traders positioned ahead of the official statement expected later in the day. The move suggests Apple may be responding to growing pressure from both political and supply chain angles to localize more of its hardware production. This comes as policymakers in the U.S. are still urging tech firms to bring production back to the U.S. to depend less on foreign suppliers located abroad or in Asia. Apple is already producing part of its products under domestic assembly, but this may be a greater sign of commitment to American production. Investors consider Apple's potential expansion in the U.S. a good omen for long-term growth, cost control, and the ability to withstand negative forces. Although the deal is not yet fully confirmed, optimism concerning Apple's revival of investments back home has already weighed on the market. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

US auctioning seized $325M Russian superyacht with 8 state rooms, helipad, gym & spa

timean hour ago

US auctioning seized $325M Russian superyacht with 8 state rooms, helipad, gym & spa

WASHINGTON -- The United States is auctioning off the $325 million luxury superyacht Amadea, its first sale of a seized Russian superyacht since the launch of Russia's full-scale invasion of Ukraine. The auction, which closes Sept. 10, comes as President Donald Trump seeks to increase pressure on Russian President Vladimir Putin to end the war. The U.S. has said it's working with allies to put pressure on Russian oligarchs, some of whom are close to Putin and have had their superyachts seized, to try to compel him to stop the war. The 348-foot-long (106-meter-long) yacht, seized three years ago and currently docked in San Diego, was custom built by the German company Lürssen in 2017. Designed by François Zuretti, the yacht features an interior with extensive marble work, eight state rooms, a beauty salon, a spa, a gym, a helipad, a swimming pool and an elevator. It accommodates 16 guests and 36 crew members. Determining the real ownership of the Amadea has been an issue of contention because of an opaque trail of trusts and shell companies. The superyacht is registered in the Cayman Islands and is owned by Millemarin Investments Ltd., also based in the Cayman Islands. The U.S. contends that Suleiman Kerimov, an economist and former Russian politician, who was sanctioned by the U.S. in 2018 for alleged money laundering, owns the yacht. Meanwhile, Eduard Khudainatov, a former chairman and chief executive of the state-controlled Russian oil and gas company Rosneft, who has not been sanctioned, claims to own it. U.S. prosecutors say Khudainatov is a straw owner of the yacht, intended to conceal the yacht's true owner, Kerimov. Litigation over the true ownership of the yacht is ongoing. A representative of Khudainatov said in an emailed statement Wednesday that the planned sale of the yacht is 'improper and premature' since Khudainatov is appealing a forfeiture ruling. 'We doubt it will attract any rational buyer at fair market price, because ownership can, and will, be challenged in courts outside the United States, exposing purchasers to years of costly, uncertain litigation,' said the representative, Adam Ford. The yacht has been virtually untouched since the National Maritime Services took custody of it in 2022. To submit a sealed bid on it, bidders must put in a 10 million euro deposit, the equivalent of roughly $11.6 million, to be considered. Ford said Khudainatov would go after any proceeds from the sale of the yacht, estimated to be worth $325 million. 'Should the government press ahead simply to staunch the mounting costs it is imposing on the American taxpayer, we will pursue the sale proceeds, and any shortfall from fair market value, once we prevail in court," Ford said. A U.S. aid package for Ukraine signed into law in May 2024 gave the U.S. the ability to seize Russian state assets located in the U.S. and use them for the benefit of Kyiv, which was attacked by Russia in February 2022.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store