CrossAmerica Partners Announces Leadership Changes

Gerardo Valencia to take the helm.

CrossAmerica Partners LP, a wholesale fuels distributor, has introduced new leadership changes.

Gerardo Valencia will be joining CrossAmerica as president, effective March 1, 2018, and will be joining the Board of Directors at that time. Valencia will work from the Allentown, Pa. headquarters and, following a transition period, will also be appointed CEO.

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In order to ensure a smooth leadership transition, Jeremy Bergeron will resign as president of CrossAmerica effectively March 1, 2018 and continue in his role as CEO until the time of the transition. In the 2nd or 3rd Quarter of calendar 2018, Bergeron will be assuming a new leadership role within Alimentation Couche-Tard and Valencia will assume the additional role of CEO for the Partnership.

“The Board of Directors of CrossAmerica is thrilled to have Gerardo join the team and are confident that he will lead the Partnership to an exciting future,” said Alex Miller, chairman of the Board of Directors and senior vice president of operations & global fuels at Couche-Tard. “Gerardo’s over 20 years of experience in the downstream oil industry, convenience and fuel retailing in North America and Europe will help propel CrossAmerica to its next chapter.”

Prior to joining CrossAmerica, Valencia was responsible for retail operations, asset management, business development, national wholesale fuel sales and strategy for different markets around the globe for BP p.l.c. He was president at ampm, the convenience store subsidiary of BP p.l.c., head of sales and marketing for the U.S. West Coast and, in his last role within BP p.l.c., was responsible for retail strategy and implementation of programs across North America. He holds an MBA from the Kellogg School of Management and a Bachelor of Science Degree in Industrial and Mechanical Engineering from the Monterrey Institute of Technology in Mexico.

“Gerardo is a proven leader and brings with him extensive experience across both the wholesale and retail businesses,” stated Bergeron. “He is an excellent addition to this terrific CrossAmerica team, and I look forward to working with him to grow the business and build more value for our unitholders.”

“I believe that combining my deep background in the fuel and retail industry with this talented and seasoned team will help CrossAmerica reach a new level of growth and development,” said Valencia. “I am honored to have the opportunity to be part of this organization, and I look forward to working with Jeremy and the entire CrossAmerica organization.”

“On behalf of the Board, we want to thank Jeremy for his leadership at CrossAmerica,” said Miller, “He has guided us through a very challenging MLP market period, continues to transition the organization through its initial integration with Couche-Tard, and provide a strong vision for the Partnership.”