PROVIDENCE – Warren Equities Inc. today announced the promotion of former president Herbert Kaplan to chairman of the board; he will continue to serve as CEO.
Kaplan replaces his uncle, company founder Warren Alpert, who died last month at 86. (READ MORE)
“While the unfortunate passing of Warren Alpert has left a deep void for all of us, we must honor his wishes and continue to grow the business that he founded more than 55 years ago,” Kaplan said.
In other changes announced today, former executive vice president Gus Schiesser has been promoted to president and chief operating officer of Warren Equities, while former vice president Jeffery Walker has been promoted to executive vice president.
Warren Equities is the holding company for six diverse companies – Xtra Mart convenience stores, Convenient Graphics, Drake Petroleum Co., Warex Terminals Corp. and Xcel Environmental Inc. – which total more than $1 billion in annual sales. It is listed by Forbes magazine among the nation’s top 500 privately owned companies.
“This company is all about its people,” Schiesser said. “There are more than 2,000 employees in the Warren Equities family and each plays a vital role. … These are changing and demanding times in our business. We need to work harder, think smarter and be more innovative to stay ahead.”
Warren Equities is the holding company for six diverse companies – Xtra Mart convenience stores, Convenient Graphics, Drake Petroleum Co., Warex Terminals Corp. and Xcel Environmental Inc. – which total more than $1 billion in annual sales. It is listed by Forbes magazine among the nation’s top 500 privately owned companies.
Additional information is available at www.warreneq.com/.
