Professional Documents
Culture Documents
Organization
— Chief Executive Officer – Vadim Gluzman
— Headquartered in East Meadow, NY. Three marketing regions with offices in
RI, NY & PA.
— Over 600 employees
— Stations controlled and franchised
— Exclusively a downstream marketer, no refining
Operating Philosophy
— Independent marketer culture
— Low overhead
— Flexibility with dealers
— Rent or own properties
— Maximize volume
Presence in 13 northeastern and mid-Atlantic states
1,279 branded locations
8 petroleum terminals
170 delivery vehicles
Market share - 4% in region, up to 9% in core urban areas
General Information
Our plans: Upon completion of the Vysotsk Terminal (located near St.
Petersburg) scheduled to be finished in the last quarter of 2003,
800,000 to 1.2 million barrels of refined product will be made
available to Getty. This new supply point will contribute substantial
contributors to Getty's earnings.
Upon completion of Timan-Pechora and its associated refinery, to
deliver gasoline to the United States East Coast (Possible profit
margins increase by 18 to 20%)
The acquisition of GPM is expected to be the beginning of a
significant expansion in the eastern U.S. retail market