TravelCenters of America Announces Strategic Reorganization
TravelCenters of America Inc. (TA)
NASDAQ:AMEX Investor Relations:
ta-petro.com/about-us/for-investors
Company Research
Source: Business Wire
WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) today announced that it has commenced a company-wide reorganization, which is a key step in the Company’s strategic, long-term plan to improve its operational efficiency and profitability.The reorganization plan includes significant leadership changes with the addition of new Senior Vice Presidents for a newly created hospitality department, under which the areas of restaurants, gaming and convenience stores will be consolidated, as well as in information technology.TA has also appointed a new Senior Vice President of corporate development, a new department initially tasked with delivering on the Company’s reorganizational initiatives. Key among these initiatives is the creation of a centralized procurement group to drive economies of scale in pricing, provide increased leverage in vendor negotiations, and ultimately lead to substantial purchasing savings and a streamlined operation. Other key initiatives
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