Haseotes exits Cumberland as EG Group takes over network

摘要

Ari Haseotes stepped down from his post as presidentand CEO of Cumberland Farms as the sale of the retailgiant has been completed, according to the company thatpurchased convenience store chain. It’s unknown whatHaseotes, now in his mid-40s, intends to do next, includingwhether he might reinvest in the convenience-fuel industrythat helped build his family’s multibillion-dollar fortune.U.K.-based retailer EG Group said Haseotes will work overthe next few weeks “to help ensure a smooth transition ofleadership” as it begins operating Cumberland Farms.