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Couche-Tard Complete Takeover Of Topaz Energy

Published on Feb 2 2016 6:44 AM

Couche-Tard Complete Takeover Of Topaz Energy

Topaz Energy Group Ltd. has confirmed that it has now officially joined with Alimentation Couche-Tard, with the transaction, first announced on 2nd December 2015, having been approved by the EU Commission.

The former CFO of Topaz, Niall Anderton, has been appointed Managing Director, in succession to Emmet O’Neill, who stepped down on the completion of the transaction.

Jørn Madsen, Couche-Tard’s EVP for Central & Eastern Europe, will be responsible for its business in Ireland. He said, “We are very pleased to have closed the transaction in such a timely manner and are ready to shift our focus to fully integrating Topaz into the Couche-Tard family. We are particularly pleased that Niall will take over as the leader of our business in Ireland.

“We have been working closely with Niall over the last few months and we are certain that he is the right person to lead Topaz through the next phase of its development."

Niall Anderton, meanwhile, said; “It’s a tremendous honour to be given this responsibility. We have a really exciting and ambitious agenda ahead, completing the integration of the Esso business here in Ireland and our integration into the wider Couche-Tard family, while always maintaining our focus on our customers and partners.

"Couche-Tard is an exceptional company which is committed to becoming the world’s preferred convenience and fuel retailer. I believe its presence in Ireland will bring significant benefits to consumers.  I’m really looking forward to leading this business over the coming years and to meeting all our partners and dealers and, most importantly, our customers,” he concluded.

For more about Couche-Tard's takeover of Topaz, see our interview with CEO Brian Hannasch in the latest issue of Checkout magazine.

© 2016 - Checkout Magazine by Niall Swan

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