Fuel CEO nominated for seat on Havertys’ board
03/26/2024
ATLANTA — Natalie B. Morhous, CEO and member of the board of administrators for company station chain RaceTrac, has been nominated to stand for election to the board of administrators for Major 100 retailer Havertys.
If elected, she will change Mylle H. Mangum, who is retiring from the Atlanta-based mostly retailer’s board. Elections get put in the course of Havertys’ yearly conference of stockholders on Could 6.
“We are fortunate to be in a position to nominate Natalie and search ahead to the strategic insights, power, and views that she will convey to our board,” stated Clarence Smith, chairman and CEO of Havertys. “RaceTrac’s retail geographic existence and commitment to its prospects and team customers strongly parallels Havertys’, and Natalie’s knowledge will be a useful addition to our gifted board.”
Morhous joined RaceTrac in 2012 and has held a selection of leadership roles in its relatives of organizations like vice president of the company’s devoted gas transporter, Strength Dispatch, and government director of approach and methods of RaceTrac. She served as president of RaceTrac from February 2019 until January 2024 when she was named CEO. Throughout her tenure as president, she aided lead the firm through the COVID-19 pandemic, shifted RaceTrac’s advancement technique to extend to new marketplaces and new prototypes, and finalized RaceTrac’s acquisition of Gulf Oil, LLC.
Prior to RaceTrac, Morhous labored as a consultant with SRA Touchstone Consulting Group and Acquisition Options, Inc. Morhous serves on the board of the Countrywide Association of Benefit Shops and is an advisory board member of Emory University’s Centre for Ethics.
Morhous will stand for election together with Havertys’ current directors other than Mangum. The board has a longstanding coverage that administrators typically may not stand for reelection soon after achieving age 75. As a result, Mangum, who has served considering that 1999, will retire from Havertys’ board this 12 months.
“Mylle furnished invaluable direction to Havertys as our business grew and progressed and she served as chair of the nominating, compensation and governance committee for 20 decades,” Smith stated. “We are grateful for her determination to Havertys and desire her all the very best.”