Kum & Go CEO Tanner Krause is leaving the convenience retailer as its sale to Maverik officially closed on Tuesday, according to a company announcement.
Krause “will transition out of the company,” with the newly combined entity being run by Maverik CEO Chuck Maggelet, according to the announcement. The combined retailer now operates a c-store network that includes 800 stores in 20 states with approximately 14,000 team members.
This ends Kum & Go’s run as a family-owned and operated company. Krause took over as CEO in 2020, succeeding his father, Kyle Krause — founder and CEO of Kum & Go’s former parent company, The Krause Group — who became CEO in 2004. Kyle’s father and grandfather-in-law, Williams Krause and T.S. Gentle, respectively, founded Kum & Go in 1959.
Prior to being named CEO, Tanner Krause held several leadership and c-suite positions throughout the company, including president, chief marketing officer, senior vice president and director of operations. His first role at Kum & Go was as a district supervisor, where he managed a 15-store district in the Des Moines, Iowa area, according to his LinkedIn bio.
“We’ve run the businesses and differentiated ourselves by putting people first and making days better in all we do,” Kyle Krause said in the announcement. “Over the last six years, Tanner’s leadership was at the core of these efforts, resulting in a tremendous impact on Kum & Go.”
This won’t be the only thing changing for Kum & Go. In some places where both companies operate, including Utah, Colorado, Idaho and some sites in Wyoming, Kum & Go locations will be rebranded to Maverik starting in January, according to a report from NACS.
Des Moines-based Kum & Go has more than 400 stores in 13 states. Meanwhile, Salt Lake City, Utah-based Maverik has more than 400 convenience stores in Arizona, California, Colorado, Idaho, New Mexico, Nebraska, Nevada, Oregon, South Dakota, Utah, Washington and Wyoming.
Maverik agreed to acquire Kum & Go in April. No sale price was disclosed.