Alimentation Couche-Tard Inc., the parent company of the Circle K convenience-store chain, has promoted Tommy Rodwell to head of asset management, Rodwell said in a LinkedIn post.
Rodwell now leads a team focusing on the strategic optimization of Circle K’s North American retail real estate portfolio of approximately 10,000 sites, he said. He is responsible for retail transactions such as lease negotiations, acquisition and disposition, global office and industrial portfolio asset management, high-value special projects and mergers and acquisitions (M&A) support.
On the M&A front, in mid-August Couche-Tard agreed to acquire GetGo Café + Markets convenience stores from supermarket retailer Pittsburgh-based Giant Eagle Inc. Also earlier this month, Couche-Tard submitted a “friendly,” nonbinding proposal to Seven & i Holdings Co. Ltd., the Tokyo-based parent company of 7-Eleven Inc., Irving, Texas, to acquire all outstanding shares of the company.
And in early July, Couche-Tard promoted Aaron Smorodin to head of mergers and acquisitions and business development.
Rodwell joined the company in 2015 as a real estate manager, becoming a senior real estate manager in 2019.
In June 2020, he became director of negotiations, focused on optimizing the corporate real estate portfolio. He led a transactional team with responsibility for lease portfolio negotiations for approximately 4,000 sites, dispositions and acquisitions throughout North America. And he oversaw the global office, industrial portfolio and global special projects.
Before joining Couche-Tard, Rodwell from September 2013 to March 2015 was surplus property manager for Kangaroo Express, the convenience-store brand of The Pantry Inc., Cary, North Carolina. Couche-Tard acquired The Pantry in March 2015.
While at The Pantry, Rodwell was responsible for the disposition of a portfolio of surplus properties throughout the company’s 13-state Southeast operating footprint consisting of both closed stores and raw land. He negotiates deals to ensure optimal profitability, selected and managed all third-party brokerage resources, oversaw a portfolio of leased assets and sourced new acquisition opportunities.
Before entering the convenience-store industry, Rodwell held several positions in the commercial leasing and real estate industry in North Carolina.
A representative for Couche-Tard declined a CSP request to comment on Rodwell's promotion.
- Alimentation Couche-Tard is No. 2 on CSP’s 2024 Top 202 ranking of U.S. c-store chains by store count.
Laval, Quebec-based Couche-Tard operates in 29 countries and territories, with more than 16,700 convenience stores. Its network includes more than 7,100 c-stores in the United States, primarily under the Circle K banner.
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