Kum & Go Announces CEO Transition
(DES MOINES)—Kum & Go, LC today announced that Kyle J. Krause, Chairman and Chief Executive Officer, will be transitioning out of his role as CEO of the company effective January 1. He will remain in his role as CEO of its parent company, Krause Group.
In 2004, Krause became owner, president and CEO of Kum & Go, growing it to more than 400 stores in 11 states. Today, Kum & Go employs nearly 5,000 associates and is the fifth largest privately held, company-operated convenience store chain in the United States.
Krause will be succeeded by his son, Kum & Go President, Tanner Krause.
“Serving as Kum & Go CEO these past 17 years has been the privilege of a lifetime,” said Kyle J. Krause. “I grew up in stores working alongside my father, grandfather, and the thousands of Associates who gave their all every day to serve our communities. I am so proud of what we have been able to achieve during my tenure, and I am even more proud to be able to hand the reins to my son, Tanner, and ensure the continuity of leadership that Kum & Go has enjoyed for over 60 years.”
As President, Tanner oversees marketing, operations, human resources, information technology, finance and store development functions. His work experience with the family-run business dates back more than twenty years, when he began working part-time in stores.
“It’s a tremendous honor to continue the family legacy as the leader of Kum & Go,” said Tanner Krause. “My father is trusting me with a huge responsibility, and I will work every day to make him proud. It’s my turn to carry the torch and I will pour my heart into this opportunity.”
“It’s also exciting to see my dad continue to pour himself into his passions. He has elevated Krause Group to incredible heights, and we are all looking forward to see what he can do with such a strong portfolio of brands.”
About Kum & Go
For over 60 years, Kum & Go has been dedicated to the communities it serves, sharing 10 percent of its profits with charitable causes. For four generations the family-owned convenience store chain has focused on providing exceptional service and delivering more than customers expect. Established in Hampton, Iowa, in 1959, the chain has since grown to employ nearly 5,000 associates in 400 stores in 11 states: Iowa, Arkansas, Colorado, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oklahoma, South Dakota and Wyoming.
About Krause Group:
Krause Group is the parent company to a diverse set of businesses that include convenience retail, logistics, Italian wineries and hospitality, real estate, agriculture, and soccer clubs. No matter the industry, the goal always remains the same: to accelerate their businesses so they can achieve long-term, multi-generational success. Krause Group continues to set sights high, focusing on business development that leaves a lasting impression on local communities, and 10% of all Krause Group profits go to community causes.