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CORPUS CHRISTI, Texas -- The executive vice president of Susser Holdings Corp., Roger Smith, who is also the company's chief operating officer of retail operations, announced his resignation from the company effective upon the completion of the company's pending acquisition of Town & Country Food Stores, the company stated. Taking his place will be Alvin New, the current CEO of Town & Country.
"Roger made his decision at a time when our business is extremely healthy and enjoying very strong same store sales growth, new store growth and acquisition related growth," Sam L. Susser, president and chief executive officer of Susser Holdings, said in a statement. "As head of our retail unit for more than six years, Roger deserves much credit for our successes. Roger is planning to work with Alvin and our entire team for several months to ensure as smooth a transition as possible."
In his new role, New will have direct responsibility for retail operations, marketing, human resources, information technology, maintenance, retail fuel marketing and foodservice, according to the company.
"Alvin has led Town & Country through very strong growth in sales and profitability over the last several years, and we look forward to welcoming him to the Susser management team when the acquisition closes," Susser added.
As CSNews Online reported on Sept. 24, Susser, operator of the 330-store Stripes convenience chain, signed agreements to acquire the parent company of privately held convenience store chain Town & Country Food Stores, located in San Angelo, Texas, for $361 million in cash. Town & Country operates 168 convenience stores in west Texas and eastern New Mexico, 140 of which serve central and west Texas and the Texas Panhandle.