Flying J truck stops brings chairwoman back as prez, CEO
Truck stop operator Flying J Inc. announced that current chairman and daughter of company Founder Jay Call, Crystal Call Maggelet will also take on the added responsibilities of president and chief executive officer, according to The Spectrum
Maggelet succeeds J. Phillip Adams, who resigned from the role of president and CEO in December. The Ogden, Utah-based company also simultaneously announced the appointment of John Boken as the new chief restructuring officer.
Maggelet has served on Flying J’s board for more than 20 years and owns a regional chain of hotels called Crystal Inn with her husband Chuck Maggelet. She also has a MBA from Harvard University.
Flying J Inc. operates about 180 plazas that offer food, fuel, banking, wireless Internet communications, insurance and truck fleet sales to truckers across North America. The company also owns Longhorn Pipeline Holdings, which operates a 700-mile long pipeline across Texas and is a leading distributor of diesel fuel.
In a statement, Maggelet said that while Flying J
recognizes and appreciates Adams’ contributions to the company over the years, the latest economic challenges have signified that it’s time for Flying J to look at future goals and how to achieve them.
“To maintain continuity of vision, the board has asked me to assume an active role in the day-to-day operation of the company, which I am pleased to take on,” she said. “We are fortunate to have in place at Flying J a deep bench of seasoned division leaders and strong teams of employees performing at a high level, both at corporate and in the field.”
Maggelet also highlighted the importance of Flying J’s affiliation with restructuring experts, which includes Boken, and she expressed confidence in the company’s ability to emerge from its current situation as a much stronger entity.
Last month, Flying J was forced to file for bankruptcy, and is one of the first energy companies to do so. The rise and fall of gas prices during the past year has contributed greatly to this development. Crude oil went from a record high of $147 per barrel to falling beneath $40 at the end of 2008.
Flying J’s Director of Marketing Virginia Parker told DailyVista that because the company is involved in the restructuring, she was hesitant to provide information about marketing and advertising initiatives, due to the sensitive nature of the information.
Parker also said that while Flying J is not currently working with any agencies, the company has and continues to entertain strategic partnership opportunities.
Flying J Inc.
1104 Country Hills Drive
Ogden, UT 84403
Crystal Call Maggelet
Chairwoman, President & Chief Executive Officer