|By PR Newswire||
|April 9, 2014 07:05 PM EDT||
DALLAS, April 9, 2014 /PRNewswire/ -- TAC announces the addition of Fred Sloan as Vice President and Chief Operating Officer to the company's energy marketing division, TAC Energy.
A New Jersey native, Sloan has an impressive list of educational credentials as well as petroleum industry experience and leadership. After serving in the United States Marines, he earned a chemical engineering degree and an MBA in finance from Drexel University. His petroleum career includes refinery management, physical and paper product trading, operations optimization analysis, P&L management, commercial portfolio management, sales operations and sales management. As VP & COO of TAC Energy, Fred holds P&L responsibility for TAC's refined products marketing division, including functional areas of supply, trading, marketing, operations/logistics and new market growth.
TAC Chairman & CEO Greg Arnold expanded on what Mr. Sloan has brought to the energy marketer. "Since joining our senior management in September, Fred's strategic planning and leadership has already delivered incredible results. As we celebrate TAC's 50th year, I am ecstatic about Fred's blueprint for our product development, operations optimization and organic growth."
"Ironically, I really had no intentions of making a career change," Fred stated about his approach to first meeting with TAC officials. "But after getting to know more about the company, their work ethic, their culture and success, I came to realize that kicking off the next 50 years of TAC Energy was something I wanted to be a part of."
Organic sales growth is a major focus for the independent energy marketer. In 2011, TAC Energy made the strategic move to expand their sales and marketing team in the company's Dallas offices, as well as relocating their in-house 24/7 Supply & Logistics call center. Now, TAC plans to "continue the momentum" with the addition of Mr. Sloan to the company's one billion gallon annualized fuel volume.
TAC originated in 1964 when company founder Truman Arnold became a Conoco commissioned agent. By the mid-1970s, TAC was a regional marketer of fuel at the retail level, building the Road Runner chain throughout Arkansas, East Texas and the Southwest. Through the 1980s, TAC expanded into in-store fast food, terminaling, general aviation fixed base operations and wholesale & commercial oil marketing and products trading, (which operates today as TAC Energy).
Reflecting on the past 50 years, Greg Arnold is quick to state, "Without a doubt, we would not be where we are today without the vision and hard work of Truman and hundreds of associates, our vendors, and certainly our customers over the past 50 years. However, this is not about the past, it's about the future. I have no doubt the best days for TAC are ahead."
CONTACT: David Edwards, 903-277-7341, [email protected]
SOURCE TAC Energy
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