WALTHAM, Mass.--(BUSINESS WIRE)--It is with great sorrow that Global Partners LP (NYSE:GLP) today announced the passing of Alfred A. “Fred” Slifka, Chairman of the Board of Directors of its general partner, Global GP LLC, who died unexpectedly at his home in Boston yesterday. He was 81. Mr. Slifka’s brother, Richard, Vice Chairman of the Board since March 2005, will succeed him as Chairman.
“Fred contributed immense leadership and integrity to Global Partners and the New England fuel industry over a career that spanned more than 60 years,” said Edward Faneuil, the Partnership’s Executive Vice President and General Counsel. “His vision, insight and experience were critical in helping to guide and grow the company. We extend our deepest condolences and support to Fred’s wife, Gilda, his son Eric, our President and Chief Executive Officer, his brother, Richard, and their entire family.”
Mr. Slifka entered the oil industry in 1948 when he began working for Slifky’s Reliable Oil Company, the business started by his father, Abraham, during the Depression. In the 1950s and 60s, he and Richard transformed the business into one of New England's largest wholesalers of distillates, gasoline, residual oil and bunker fuel. Mr. Slifka and his family successfully completed Global Partners’ initial public offering and listing on the New York Stock Exchange in 2005.
Mr. Slifka worked tirelessly on behalf of numerous civic and charitable organizations including the Cystic Fibrosis Foundation, Boston Children’s Hospital and Hebrew SeniorLife.
Mr. Slifka is survived by his wife, Gilda; his children, Adam Slifka and his wife, Gail, Jennifer Slifka Vidal and her husband, Luis, and Eric Slifka and his wife, Laurie; his brother, Richard and his wife, Rosalyn; and seven grandchildren.
About Global Partners LP
A publicly traded master limited partnership, Global Partners LP is a midstream logistics and marketing company. Global owns, controls or has access to one of the largest terminal networks of refined petroleum products and renewable fuels in the Northeast, and is one of the largest distributors of gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers in New England and New York. Global is a leader in the purchasing, selling and logistics of transporting domestic and Canadian crude oil and other products by rail across its “virtual pipeline” from the mid-continent region of the U.S. and Canada to the East and West Coasts for distribution to refiners and other customers. With a portfolio of approximately 900 locations primarily in the Northeast, Global also is one of the largest independent owners, suppliers and operators of gasoline stations and convenience stores. In addition, Global is a distributor of natural gas and propane. Global is No. 157 in the Fortune 500 list of America’s largest corporations. For additional information visit www.globalp.com.