TravelCenters of America Inc. Appoints Peter J. Crage as Executive Vice President, Chief Financial Officer and Treasurer
March 02 2020 - 7:00AM
Business Wire
Brings More than 15 Years of Public and Private
Company CFO Experience to TA
TravelCenters of America Inc. (Nasdaq: TA) today announced that
Peter J. Crage has been appointed as Executive Vice President,
Chief Financial Officer and Treasurer effective immediately. Mr.
Crage succeeds William E. Myers, who has resigned from the
company.
Jonathan M. Pertchik, Managing Director and Chief Executive
Officer of TA, made the following statement:
“Peter joins TA with experience directing large and complex
financial organizations in the hospitality, entertainment and food
service industries. He has a strong record leading transformational
change, achieving operational excellence and driving profitability
in dynamic environments. In addition, Peter brings a “can-do”,
high-energy attitude, which is central to the direction we are
taking the company’s culture to drive change, growth, cost control
and financial performance. We welcome Peter and look forward to his
leadership in improving operational and financial performance for
the benefit of the company and TA shareholders.”
Mr. Crage brings more than 30 years of financial leadership
experience working at public and private companies. Most recently,
he served as Chief Financial Officer of Diamond Resorts, a $1
billion private equity-owned organization with 350 plus vacation
destinations in 35 countries around the world. He also previously
served as Chief Financial Officer of Seaworld Entertainment Inc.
(NYSE: SEAS), a $1 billion theme park operator with 22,000
employees located across the U.S., and as Executive Vice President
and Chief Financial Officer of Cedar Fair Entertainment Company
(NYSE: FUN), an owner and operator of amusement parks, water parks
and hotels located in the U.S. and Canada.
About TravelCenters of America Inc.:
TravelCenters of America Inc. (Nasdaq: TA) is the nation's
largest publicly traded full-service travel center network. Founded
in 1972 and headquartered in Westlake, Ohio, its more than 21,000
employees serve customers in over 260 locations in 44 states and
Canada, principally under the TA®, Petro Stopping Centers® and TA
Express® brands. Offerings include diesel and gasoline fuel, truck
maintenance and repair, full-service and quick-service restaurants,
car and truck parking and other services and amenities dedicated to
providing great experiences for professional drivers and the
general motoring public. TravelCenters of America operates nearly
650 full-service and quick-service restaurants and 10 proprietary
brands, including Quaker Steak and Lube®, Iron Skillet® and Country
Pride®. For more information, visit www.ta-petro.com.
Warning Concerning Forward-Looking Statements
This press release contains statements that constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 and other securities laws.
Also, whenever TA uses words such as “believe”, “expect”,
“anticipate”, “intend”, “plan”, “estimate”, "will", “may” and
negatives or derivatives of these or similar expressions, TA is
making forward-looking statements. These forward-looking statements
are based upon TA’s present intent, beliefs or expectations, but
forward-looking statements are not guaranteed to occur and may not
occur. Actual results may differ materially from those contained in
or implied by TA’s forward-looking statements. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors, some of which are beyond TA’s control. For example:
- The appointment of Mr. Crage as Executive Vice President, Chief
Financial Officer and Treasurer of TA and the enumeration of his
qualifications may imply that TA’s business and operations will
improve as a result of his appointment. However, TA’s business and
operations are subject to various risks, many of which are beyond
its control. As a result, TA’s business and operations may not
improve despite the appointment of Mr. Crage.
The information contained in TA’s filings with the Securities
and Exchange Commission, or SEC, including under “Risk Factors” in
TA’s periodic reports, or incorporated therein, identifies other
important factors that could cause TA’s actual results to differ
materially from those stated in or implied by TA’s forward-looking
statements. TA’s filings with the SEC are available on the SEC’s
website at www.sec.gov.
You should not place undue reliance upon forward-looking
statements.
Except as required by law, TA does not intend to update or
change any forward-looking statements as a result of new
information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20200302005219/en/
Kristin Brown, Director, Investor Relations (617) 796-8251
TravelCenters of America (NASDAQ:TA)
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