ARKO Corp. CFO Robb Giammatteo will leave the company for a new opportunity, effective October 10, 2025.
Quiver AI Summary
ARKO Corp. announced that Chief Financial Officer Robb Giammatteo will be leaving the company to pursue a new opportunity outside the convenience store sector. Chairman and CEO Arie Kotler praised Giammatteo for his significant contributions to the company's transformation plan and the strengthening of its finance department. Giammatteo expressed gratitude for his time at ARKO and pride in the team's achievements, noting his excitement to see the company's continued progress. He will remain in his role until October 10, 2025, to ensure a smooth transition. ARKO Corp. operates one of the largest convenience store networks in the U.S., encompassing various retail and wholesale fuel segments.
Potential Positives
- Robb Giammatteo's leadership contributed significantly to ARKO's transformation plan and strengthened the finance department, indicating a solid foundation for future financial management.
- The company is ensuring an orderly transition by retaining Mr. Giammatteo until October 10, 2025, which can help maintain stability during this leadership change.
- ARKO Corp.'s recognition as a Fortune 500 company underscores its significant presence and stature in the convenience store and fuel sectors.
Potential Negatives
- Departure of CFO Robb Giammatteo may raise concerns about leadership stability and continuity during a critical transformation period.
- Loss of an experienced CFO could impact investor confidence and potentially affect the company's stock performance.
- The announcement does not specify a successor, leaving uncertainty regarding the future direction of the finance department.
FAQ
Who is Robb Giammatteo?
Robb Giammatteo is the Chief Financial Officer of ARKO Corp., who is departing to pursue a new opportunity outside the convenience store sector.
What role did Robb Giammatteo play at ARKO?
He played a significant role in advancing ARKO's transformation plan and strengthening its finance department during his tenure.
When will Robb Giammatteo leave ARKO?
Robb Giammatteo will continue to serve as CFO through October 10, 2025, for an orderly transition.
What is ARKO Corp. known for?
ARKO Corp. is one of the largest convenience store operators in the U.S. and owns GPM Investments, LLC.
How can I learn more about ARKO Corp.?
Visit ARKO's website at www.arkocorp.com for more information about the company and its operations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ARKO Hedge Fund Activity
We have seen 65 institutional investors add shares of $ARKO stock to their portfolio, and 76 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VOSS CAPITAL, LP removed 889,599 shares (-36.8%) from their portfolio in Q2 2025, for an estimated $3,763,003
- CANNELL CAPITAL LLC removed 691,426 shares (-32.0%) from their portfolio in Q2 2025, for an estimated $2,924,731
- DIMENSIONAL FUND ADVISORS LP added 425,838 shares (+18.4%) to their portfolio in Q2 2025, for an estimated $1,801,294
- CM MANAGEMENT, LLC removed 350,000 shares (-33.3%) from their portfolio in Q2 2025, for an estimated $1,480,500
- PRELUDE CAPITAL MANAGEMENT, LLC removed 297,187 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $1,173,888
- UBS GROUP AG added 259,251 shares (+109.3%) to their portfolio in Q2 2025, for an estimated $1,096,631
- STATE STREET CORP removed 214,206 shares (-10.5%) from their portfolio in Q2 2025, for an estimated $906,091
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$ARKO Analyst Ratings
Wall Street analysts have issued reports on $ARKO in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Raymond James issued a "Strong Buy" rating on 05/09/2025
To track analyst ratings and price targets for $ARKO, check out Quiver Quantitative's $ARKO forecast page.
$ARKO Price Targets
Multiple analysts have issued price targets for $ARKO recently. We have seen 3 analysts offer price targets for $ARKO in the last 6 months, with a median target of $7.5.
Here are some recent targets:
- Kelly Bania from BMO Capital set a target price of $5.0 on 05/12/2025
- Bobby Griffin from Raymond James set a target price of $10.0 on 05/09/2025
- Mark Astrachan from Stifel set a target price of $7.5 on 02/27/2025
Full Release
RICHMOND, Va., Aug. 18, 2025 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (the “Company”), a Fortune 500 company and one of the largest convenience store operators in the United States, today announced that Chief Financial Officer (“CFO”) Robb Giammatteo will depart the Company to pursue a new opportunity outside the convenience store sector.
“Robb has played an important role in advancing our transformation plan and strengthening ARKO’s finance department,” said Arie Kotler, Chairman, President, and Chief Executive Officer. “His operational discipline and collaborative leadership have helped position ARKO for long-term success. On behalf of the Board and our entire team, I extend our sincere thanks to Robb for his many contributions and wish him continued success in this next chapter.”
Reflecting on his tenure, Mr. Giammatteo added, “It has been an honor to work alongside such a talented and committed team at ARKO. Leading the finance team through this period of transformation has been a privilege and deeply fulfilling. I am proud of what we have achieved together and I am excited to watch ARKO continue to advance its transformation plan as a shareholder.”
Mr. Giammatteo will continue to serve as ARKO’s CFO through October 10, 2025, to oversee his current responsibilities and ensure an orderly transition.
About ARKO Corp.
ARKO Corp. (Nasdaq: ARKO) is a Fortune 500 company that owns 100% of GPM Investments, LLC and is one of the largest operators of convenience stores and wholesalers of fuel in the United States. Based in Richmond, VA, our highly recognizable Family of Community Brands offers delicious, prepared foods, beer, snacks, candy, hot and cold beverages, and multiple popular quick serve restaurant brands. We operate in four reportable segments: retail, which includes convenience stores selling merchandise and fuel products to retail customers; wholesale, which supplies fuel to independent dealers and consignment agents; fleet fueling, which includes the operation of proprietary and third-party cardlock locations, and issuance of proprietary fuel cards that provide customers access to a nationwide network of fueling sites; and GPM Petroleum, which sells and supplies fuel to our retail and wholesale sites and charges a fixed fee, primarily to our fleet fueling sites. To learn more about GPM stores, visit: www.gpminvestments.com . To learn more about ARKO, visit: www.arkocorp.com .
Company Contact
Jordan Mann
ARKO Corp.
[email protected]
Investor Contact
Sean Mansouri, CFA
Elevate IR
(720) 330-2829
[email protected]
