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CHAIRMAN, PRESIDENT AND CEO, ARKO, HENRICO COUNTY
CHAIRMAN, PRESIDENT AND CEO, ARKO, HENRICO COUNTY
Virginia Business// August 29, 2024//
An Israeli native, Kotler has led Arko, the nation’s sixth largest convenience store chain and parent company of GPM Investments, since 2020, when it merged with Haymaker Acquisition Corp. II to become a U.S.-listed public company. He founded GPM in 2003, sold the business and reacquired it in 2011.
The company has been on an M&A journey in recent years, expanding from 200 convenience store sites in 2013 to 1,543 locations in 2023. It made the Fortune 500 list for the third time in 2024, ranking No. 453, 45 places higher than in its 2022 debut.
Arko brought in $34.6 million in net income in fiscal 2023, down substantially from $72 million the previous year. Arko has around 13,500 employees worldwide after a series of acquisitions of convenience-store chains and fuel wholesalers. In January, the company launched a new take-and-bake pizza program that had been in development for over a year. And in August, Kotler said Arko will pilot a food-focused store design at seven of its convenience stores in the fourth quarter of 2024.
