This profile was last updated on
Is this you? Claim your profile.
(198 Total References)
This week on Executive Suite - ...
This week on Executive Suite - Cumberland Farms CEO Ari Haseotes.
CEO Ari Haseotes as winner ...
CEO Ari Haseotes as winner of this year's Retailer Executive of the Year award.
, along with the 2016 inductees into the Convenience Store News Hall of Fame - QuikTrip Corp.
Representing the third generation, Haseotes began his career at Cumberland Farms in the marketing department in 2003.
In 2005, he was appointed to the position of vice president of strategic planning and business development within the finance department.
Two years later, he was promoted to vice president of marketing and served in that position until his promotion to president and chief operating officer in October 2008.
Effective Sept. 1, 2013, Haseotes was promoted to president and group chief operating officer of the Cumberland Gulf Group of companies.
On July 1, 2014, he was named CEO of the Cumberland Gulf Group by the company's board of directors, of which he is also a member.
Haseotes, who holds a Bachelor of Science in Business Management from Boston College and an M.B.A. from Harvard University, has previously served as a member of the NACS board of directors (October 2012) and a member of the Client Advisory Board for KSS Fuels Inc. (September 2012).
In addition, he
wife, Ashley, are the founders of One Mission
, a childhood cancer foundation dedicated to enhancing the lives of pediatric cancer patients and their families.
Software Resources' Blog
These workers were already working more than 30 hours per week, but not the 40 hours previously required for access to the company insurance plan.â€œWe sketched out all the options, which included paying the penalty or having employees work fewer than 30 hours,â€� said Ari Haseotes, Cumberland Farmsâ€™ president and chief operating officer.
The company has decided to make employee satisfaction and retention a corporate priority, and that meant expanding access to benefits. â€œWeâ€™ve been moving in this direction, but the ACA galvanized us to move more quickly,â€� he said.Cumberland, which is privately owned, plans to move the newly-eligible employees to a work week of 32 hours or more, and these positions will now be considered full-time.
Employees who were working 30 or 31 hours per week will have the option of moving up to 32 hours, and therefore becoming eligible for the company healthcare plan, or moving to 29 hours or fewer, with no company-sponsored insurance.
No employees will work in the 30 to 31 hour range after the changes go into effect on October 1, according to the firm.After that point, Cumberland expects to have 4,500 full-time employees and 2,700 part-time employees.
For the part-time employees, Cumberland said it will help them access insurance through state or federal exchanges being created to serve individuals and small businesses.The primary metric the company considered was its employee turnover ratio.
Full-time employees stay, on average, three to four times longer than part-timers do, said Haseotes.
Longer-tenured workers deliver a better experience for the customerâ€"especially in the convenience-store business, where the customer is often in a hurry, he added.â€œOur people know how to speed a customer through checkout quickly, how to use our ovens to make a pizza or sandwich right.â€� When turnover is high, he said, customer satisfaction suffers.Some employers are starting to look at ACA implementation in this broader way, said Dave Marini, vice president and managing director of strategic advisory services at Automatic Data Processing, Inc., the payroll services and employee benefits administration firm.â€œOrganizations are looking at health care reform legislation as a workforce management and planning issue,â€� he said. â€œIt goes beyond just cost of benefits to the impact on talent, attraction and retention.â€�Haseotes said he expects about 50% of all eligible employees to choose company-sponsored health insurance.
Cumberland is adding to its offerings a high-deductible plan that meets the ACAâ€™s affordability and minimum coverage requirements.
He said he expects the changes to cost the company â€œseveral million dollars.â€� Cumberland Gulf, which is privately owned, has revenues of approximately $15 billion.
Ari Haseotes, CEO of ...
Ari Haseotes, CEO of Framingham-based Cumberland Farms, said the chain has opened or updated about 250 stores since 2011.
"We could not be happier with the response we've received from the community," he
said in a statement, adding that the company has donated more than $400,000 to community organizations across the Northeast and in Florida.
Cumberland Farms Convenience Stores Selects KSS Retail for Price Optimization | KSS Retail
"We are focused on providing our customers with convenience and value," said Ari Haseotes, Vice President of Marketing at Cumberland Farms.