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VenHub lands top BP c-store tech exec as EVP
Yahoo Finance· 2026-02-10 09:15
Core Insights - VenHub is expanding its presence in the convenience store (c-store) industry with plans to grow its number of locations and enhance its technology offerings [3][6] - The company recently went public on the Nasdaq exchange and currently operates two autonomous c-stores [3][6] - VenHub has hired industry experts Tarang Sethia and Ian Rasmussen to lead its technology and global expansion efforts, indicating a commitment to leveraging experienced leadership for growth [4][6] Company Developments - Tarang Sethia has been appointed as executive vice president of product and technology, bringing significant experience from 7-Eleven and BP [6][8] - Sethia's role will focus on developing scalable tech systems to support VenHub's growth and improve unit economics [6][8] - Ian Rasmussen, known for his work on Amazon's Just Walk Out technology, has also joined VenHub to aid in its expansion and partnerships [4][6] Leadership and Strategy - CEO Shahan Ohanessian emphasized Sethia's expertise in transforming retail operations into technology-driven enterprises, which aligns with VenHub's innovation goals [5][6] - The hiring of experienced leaders from established companies reflects VenHub's strategy to enhance its industry reputation and operational capabilities [4][6][9] - Sethia's previous achievements include building BP's retail operating system and advancing digital platforms at 7-Eleven, showcasing his capability to drive technological advancements [8][9]