Retail Supplier Names New CEO, Set for Growth, Market Expansion (M&A Cited)

Shipley Energy announced that Dave Gruno will formally take over as CEO of the company on July 1, 2016, finalizing a planned transition of leadership from William Shipley III, who will assume the position of Chairman.

Gruno joined Shipley Energy in 2004 and was most recently President of Shipley Stores, LLC. Gruno has served in a variety of leadership positions within the company, including in operations, natural gas sales and marketing, transportation and logistics, human resources, environmental and safety.

Shipley Energy said that the transition comes as the company expands its product offerings and geographic footprint.

"In addition to being a well-established provider of heating oil, Shipley Energy has taken aggressive strides to serve as a comprehensive energy resource for consumers. In response to deregulation, Shipley has become a significant competitor in electricity and natural gas markets throughout the mid-Atlantic region with the goal of entering these markets in all deregulated states across the U.S.," the company said

"Shipley also looks to expand through strategic acquisitions and by developing new platforms for energy sales aimed at a new generation of consumers that are more accustomed to shopping and buying online," the company said

In its heating oil business, Shipley has launched Smart Touch Energy (www.smarttouchenergy.com), an online fuel oil retailer.

"In addition, Shipley Energy will drive further growth in their Home Services division that installs and services heating, ventilation and air conditioning equipment and offers indoor air quality services," the company said

As Chairman, William Shipley III will lend strategic support on a limited basis to Shipley Energy, specifically related to acquisitions, major transactions or investments by the company.

"The energy industry is rapidly evolving and we will continue to work on making the energy buying process easy for our customers and ensure that we consistently provide outstanding service," Gruno said

Shipley Energy said that in his new role as CEO, "Gruno will lead the strategic direction of Shipley Energy with the goals of driving continued sales growth and product innovation while serving the constantly changing needs of energy consumers and continuing Shipley Energy’s strong track record of community involvement."