ARKO CFO Robb Giammatteo to step down in October

RICHMOND - ARKO Corp. (NASDAQ:ARKO), a Fortune 500 convenience store operator with $8.1 billion in trailing twelve-month revenue, announced Monday that Chief Financial Officer Robb Giammatteo will leave the company to pursue an opportunity outside the convenience store industry.

According to the company’s statement, Giammatteo will continue in his role through October 10, 2025, to ensure an orderly transition of his responsibilities.

"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 of ARKO.

Giammatteo commented on his departure, saying, "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."

ARKO operates as one of the largest convenience store operators and fuel wholesalers in the United States. The company functions across four business segments: retail convenience stores, wholesale fuel supply, fleet fueling operations, and GPM Petroleum.

The Richmond, Virginia-based company owns 100% of GPM Investments, LLC and offers various products including prepared foods, beverages, snacks, and quick-serve restaurant brands through its network of stores.

The company has not yet announced a successor for the CFO position. This information was disclosed in a press release issued by ARKO Corp.

In other recent news, Arko Corp reported its financial results for the second quarter of 2025, revealing a mixed performance. The company achieved an earnings per share (EPS) of $0.16, which exceeded analysts’ expectations of $0.12, representing a 33.33% beat. However, Arko’s revenue fell short of projections, coming in at $1.99 billion against the anticipated $2.04 billion, marking a revenue surprise of -2.45%. These results highlight the company’s ability to manage profitability despite not meeting revenue targets. The earnings announcement has drawn attention from investors and analysts alike. While no specific analyst upgrades or downgrades have been noted, the performance metrics provide a basis for future evaluations. These developments are part of the latest updates concerning Arko Corp’s financial standing.

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