ARKO Corp. announced that on December 11, 2025, Steven Heyer delivered to the board of directors notice of his resignation from the Board, effective December 12, 2025, due to health reasons. On December 12, 2025, the Board appointed Yona Fogel to serve as a member of the Board until the 2026 annual meeting of stockholders and until his successor is duly elected and qualified or until his earlier death, resignation or removal.
Yona Fogel will also serve as a member of the Board's Nominating and Corporate Governance Committee and Compensation Committee. Yona Fogel, aged 71, is an experienced business leader with more than three decades as an executive in Israel's banking, energy, and industrial sectors. Yona Fogel currently focuses on entrepreneurial initiatives in the energy and financial sectors, leveraging his deep operational and strategic experience to build and advise innovative ventures in these fields.
Yona Fogel co-founded and, since December 2020, has served as director and Vice Chairman of Med-Red Land Bridge Ltd., a strategic infrastructure venture established in partnership with National Holding of the United Arab Emirates to develop energy and logistics connectivity between the Mediterranean and the Red Sea. From 2007 to 2020, Yona Fogel served as Chief Executive Officer of Paz Oil Group, Israel's largest integrated energy company. During his tenure, he also served as Chairman of several of its key subsidiaries, including Paz Ashdod Refinery.
Prior to joining Paz, Yona Fogel held senior leadership roles at Bank Leumi, one of Israel's leading financial institutions. Over a period of 15 years, he served as Executive Vice President and Head of the Retail Banking Division, overseeing all domestic branch operations, mortgage banking, and digital channels. He also served as Chairman of Leumi Card, the bank's credit card subsidiary, and was responsible for the operations of the Arab-Israeli Bank, a wholly owned subsidiary of Bank Leumi.
In these roles, he led wide-ranging modernization and growth initiatives across the bank's retail and consumer-finance businesses.

















