PetroCard Inc. President and CEO Retires Leadership
Kent, WA – PetroCard, Inc. President and Chief Executive Officer Stephen P. Tolton announced his retirement as the company’s top executive effective December 31, 2011. His successor will be determined by the corporation’s board of directors.
Tolton served as PetroCard’s President and CEO since October 2007 and will continue his duties through the end of the calendar year. His tenure has seen the growth of PetroCard through several acquisitions and increased market share in the Pacific Northwest.
Tolton also served as Chief Financial Officer of PetroCard’s parent corporation, Bristol Bay Native Corporation (BBNC) from 1985 to 2007. In his capacity as CFO, BBNC flourished with increased investment holdings and revenues.
“His leadership and loyalty have been appreciated, as well as his representation of the company and generosity to fellow PetroCard employees. On behalf of the PetroCard Board of Directors and the BBNC Board of Directors and shareholders, we wish Steve all the best with his personal and family endeavors,” said Joseph Chythlook, chairman of both the PetroCard and BBNC Boards.
About PetroCard: PetroCard, based in Kent, Washington, is a leading fuel distributor, selling to commercial fleets through a chain of unattended cardlock sites and providing mobile fueling services. One of the largest cardlock operators in the Pacific Northwest, PetroCard offers bulk fueling services, selling branded and unbranded fuels and offering over 3,000 lubricant products and operates the Clean N’ Green facilities in Seattle, WA, Camden, NJ and Santa Ana, CA. For more information on PetroCard visit www.petrocard.com.
About BBNC: BBNC is one of 13 Regional Corporations formed under the Alaska Native Claims Settlement Act of 1971. The corporation is a diversified company with investment and business holdings in oilfield and industrial services, construction, government contracting, and petroleum distribution. Our mission is “Enriching our Native way of life.” The corporation has approximately 9,000 Eskimo, Aleut, and Athabascan shareholders with ancestral ties to the Bristol Bay region. More information can be found at www.bbnc.net.