Core Insights - Englefield, parent company of Duchess Convenience Stores, has appointed F.W. "Will" Englefield V and Ashley Englefield DeWitt as presidents of Englefield Energy and Englefield Retail respectively, marking a leadership transition to the third generation of the Englefield family [1][2][3] Leadership Transition - The new executives represent the third generation of the Englefield family in leadership roles, with their fathers, F.W. (Bill) Englefield IV and Ben Englefield, still leading the broader company [2] - Bill and Ben Englefield expressed excitement about the new leadership roles, emphasizing the company's 60-year legacy and the importance of transitioning leadership to the next generation [3] Executive Roles and Responsibilities - Ashley Englefield DeWitt will oversee the Duchess convenience store chain, which operates in Ohio and West Virginia, along with other entities such as Royal Craft Kitchen and Taco Bell franchises [3][4] - DeWitt has over 17 years of experience with Englefield, having progressed from division manager to her current role, and expressed honor in leading the Duchess division [4] - Will Englefield will manage the company's fuel, propane, and lubricants divisions, which include five warehouses and approximately 100 trucks [4]

Australia’s top fuel supplier Ampol warned the country risks falling behind on renewable fuels, with investment in local production hinging on policy support through incentives or demand mandates https://t.co/NgTVH4AQYA ...

Core Insights - The company reported a strong performance in Q1 2025, with sales of goods and services reaching ISK 37,786 million, a year-on-year increase of 17.3% [4] - Profit for the quarter amounted to ISK 279 million, reflecting a 35.2% increase from the previous year [4] - The EBITDA guidance for the year 2025 remains unchanged at ISK 14,400 – 14,800 million [4] Financial Performance - Sales of goods and services increased by 17.3% year-on-year, with a 3.0% increase when excluding the impact of Lyfja [4] - The profit margin improved to 24.4%, up by 2.6 percentage points from Q1 2024 [4] - Operating expenses rose by 28.9% year-on-year, while the number of full-time equivalents increased by 281 [4] Strategic Developments - The company plans to open a new store in Reykjanesbær and close a smaller store in the same area [4] - An acquisition of property in Hafnarfjörður was made to secure key locations for future development [4] - New fuel pumps will be opened at Fiskislóð, with closures at Ægissíða as part of an agreement with the City of Reykjavík [4] Market Outlook - The company anticipates a good outlook for the summer season, which is critical for its operations [6] - Despite uncertainties in global markets due to tariff increases and policy changes, management believes the impact on operations will be minimal [6] - The company emphasizes strong foundations and technical infrastructure, indicating confidence in navigating market challenges [6]