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Platform Fuels names Steve Wambold as CEO

February 17, 2021 By    

Platform Fuels appointed Steve Wambold as its CEO.

Steve Wambold photo

Wambold

An active member of the National Propane Gas Association, Wambold, 52, has led successful teams as CEO of Ferrellgas and Team Drive-Away, and has become a sought-after consultant to business owners, according to Platform Fuels.

“Steve’s experience and relationships in the propane space are unrivaled. We couldn’t ask for a more seasoned professional to lead our team forward,” says Jake Walker, Platform Fuels partner.

During his nearly 20-year tenure with Ferrellgas, Wambold rose through the ranks from a single branch manager to CEO. He grew propane-related EBITDA $150 million and had full profit-and-loss responsibility for the $2 billion company before he left in 2016, says Platform Fuels. He oversaw more than 900 retail locations and 45,000 Blue Rhino selling sites, and executed over 50 acquisitions, the company adds.

Platform Fuels entered the propane industry in 2020 with its acquisition of six family-owned businesses.

“I’m delighted to join the board of Platform Fuels. Platform has entered the propane space very strategically, with a singular focus on the future of the propane industry, and I am quite optimistic about the future of this company and the independent propane marketers it serves,” Wambold says in a company statement. “I very much look forward to working with potential sellers personally and developing customized exit strategies and purchase agreements around their individual needs and goals. I’m confident Platform Fuels’ growth plan positions all concerned for success in the short term and for years to come. I couldn’t be more excited to get started.”

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About the Author:

Brian Richesson is the editor in chief of LP Gas Magazine. Contact him at brichesson@northcoastmedia.net or 216-706-3748.

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