Cary Oil Announces Multiple Promotions as it Celebrates 60th Anniversary

Cary Oil, an industry leading gasoline marketer, is pleased to announce the promotion of several key team members to various new roles. End Quote

Raleigh-Durham-Chapel Hill, NC (1888PressRelease) April 17, 2019 - Cary Oil is one of the largest gasoline marketers in the country and this year marks the company’s 60th anniversary. Through its wide network of petroleum producers, Cary Oil supplies nearly 1 billion gallons annually in both the branded gasoline and unbranded gasoline channels.

First, Craig Stephenson has been promoted from Executive Vice President to President and CEO where he will be leading the operations and management of the company. For over 35 years, Stephenson has helped develop and lead the organization in several capacities with Cary Oil.

Cary Oil’s Board of Directors also confirmed the following notable promotions:
• Craig Stephenson’s predecessor and older brother, Don Stephenson, has been promoted to Chairman of the Board. Don served as President and CEO for 25 years and will remain active within the company in his new role.
• Sherri Williams has been promoted to Vice President, Credit and Financial Services where she is responsible for credit, underwriting and risk management. Sherri is the company’s liaison between internal business partners and customers and is accountable for mitigating credit risk.
• Adam Stephenson has been promoted to Vice President, Strategy and Innovation. In his new role, he will be formalizing the company’s commitment to becoming the supplier of choice for retailers, helping them realize their highest potential through progressive and personalized solutions.
• Mark Bevill has been promoted to Senior Director of Branded Operations. As an industry veteran, Mark has the combination of experience, vision and determination necessary to deliver the value of Cary Oil to our branded retailers. He will continue to operate out of Cary Oil’s Atlanta office.

Sherri Williams and Adam Stephenson join Mark Maddox, Avery Wagoner, Paul Stephenson and Jason Holt on the leadership team of Cary Oil. These established leaders will position the company to achieve long-term growth, driving the organization to unlock and scale innovation through the integration of processes and the alignment of internal teams.

“While it has been my distinct pleasure to lead Cary Oil through a period of unprecedented growth, the timing is right for these incredible leaders to step into their new roles,” said Don Stephenson, Chairman of the Board. “I could not be more confident in our new leadership team’s ability to creatively solve problems and lead the company to new heights in this evolving market. I cannot wait to see what the future holds for Cary Oil.”

To learn more about Cary Oil, visit www.caryoil.com.

About Cary Oil:
Cary Oil is a privately-owned and operated national fuel wholesaler built on a legacy of success to fuel a future of industry-leading growth. Since 1959, Cary Oil has earned the trust of its customers by providing outstanding professional service, premium products, innovative solutions, and competitive pricing.

The company’s mission is to connect customers with everything they need to thrive in the fuel and convenience retail businesses, enabling them to profitably grow, reach their full potential, and strengthen the communities they serve. Beginning with a relational understanding of customers’ supply needs, Cary Oil’s seasoned marketing and supply team stands ready to listen to customers’ fuel needs, communicate the company’s capabilities, and craft a mutually beneficial supply solution.

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