Dallas, Texas (November 19, 2020) – Fred Sloan, Chief Operating Officer (COO) of TACenergy, a division of TAC - The Arnold Companies, has been elected to the Board of Directors for the Society of Independent Gasoline Marketers of America (SIGMA).
Founded in 1958, SIGMA is the national trade association representing the most successful, progressive and innovative fuel marketers and chain retailers in the United States and Canada. The association has served to further the interests of both branded and unbranded segments of the industry while providing information and services to members.
Sloan has been actively involved as a member of the SIGMA organization since joining TAC in 2013. During this time, he has served on several of the organizations’ committees, including the Young Executive Committee from 2013-2016, Membership Committee from 2015-2016 and the Legislative Committee starting in 2019-2020, and will continue to remain active this next year.
Sloan, who has served as TACenergy COO since 2013, looks forward to harnessing and uniting the capabilities of both organizations in his new role as a SIGMA Board Member furthering education and innovation within the fuel marketing industry as a whole, from upstream to midstream and downstream to the customer. TACenergy serves the midstream fuel market, with volumes exceeding two and a half billion gallons annually from a vast terminal supply network and regional sales offices located across the United States. Sloan also serves on the Board of the Texas Food and Fuel Association and holds positions on several charity boards in the Dallas Metro area.
“I look forward to joining fellow board members and industry leaders through active participation in the growth, education and support of strengthening one of the nation’s core infrastructure needs of supplying fuel to our growing economy. It is my honor to move to a higher level of engagement with this association supporting our industry on a national level via legislative, safety and regulatory efforts by having a seat at the table when federal, and in some cases states, make decisions that impact industry activity. I hope to add value leveraging the TACenergy network of customers, suppliers, carriers and ancillary supporting companies as they are integrally tied to the industry success.”
Sloan is a strategic commercial leader experienced in business line management, physical and futures markets, manufacturing, logistics, operations, P/L and procurement/sales activities. His background includes a Drexel education, with a Chemical Engineering Degree and an MBA in Finance. Sloan is an expert in risk management, inventory management, and developing new businesses. His experience leading large groups of sales and operations personnel, traders, manufacturing personnel and engineers in business functions and across technical areas consistently exceeds goals through leading by communicating. His communication and analytical skills cultivates productive internal and customer relationships and produces synergistic team work. Throughout his career, Sloan has focused on manufacturing operations and technical development, business management and commercial activities.
TACenergy is a Dallas, Texas based independent national wholesale distributor of refined petroleum products. Customers include branded and unbranded gasoline, as well as diesel retailers, industrial users, transportation, trucking, government, utilities, mining, construction, plus many other commercial user or resellers of fuel. TACenergy delivers added value to its customers through customized fuel management programs, a 24/7 Supply & Logistics call center and comprehensive carrier agreements. TACenergy has an annualized fuel volume exceeding 2.7 billion gallons, and a vast terminal supply network with fourteen regional sales offices spanning North America. TACenergy is a division of TAC - The Arnold Companies, a Texas-based aviation and energy marketing company.
Founded in 1958 as the Society of Independent Gasoline Marketers of America (SIGMA), SIGMA has become a fixture in the motor fuel marketing industry. After sixty years of leadership, SIGMA is the national trade association representing the most successful, progressive, and innovative fuel marketers and chain retailers in the United States and Canada. From the outset, the association has served to further the interests of both the branded and unbranded segment of the industry while providing information and services to members.
SIGMA’s approximately 260 corporate members command more 50 percent of the petroleum retail market, selling approximately 80 billion gallons of motor fuel each year. These member companies operate throughout the United States and Canada.
SIGMA’s benefits to member companies include government relations representation before Congress and the Administration, a wide variety of publications and timely mailings, as well as legal advice. The association holds meetings throughout the year to allow marketers and fuel suppliers to meet one-on-one and to give members a chance to participate in informative educational sessions. Leadership of the organization is provided by volunteers from SIGMA’s member companies, giving the association the advantage of advice from some of the most well-respected entrepreneurs in the nation.