Gristedes and John Catsimatidis, president and CEO of D'Agostino Foods, discuss their predictions for the 2024 presidential election and the green energy agenda.
Red Apple Group, owned by billionaire Catsimatidis' family, has promoted its chief investment officer to a new role.
The New York-based conglomerate has appointed John Catsimatidis Jr., who reports directly to his father, as chief operating officer and president. Prior to his promotion, the New York University School of Business graduate led investments and led the company's transformation and restructuring team for approximately four years, according to Red Apple Group.
Mr. Catsimatidis Jr. took over the role of COO on January 3rd. Red Apple Group said he will be tasked with “directing long-term strategic initiatives while overseeing the company's day-to-day operations.”
Red Apple Group CEO John Catsimatidis Sr., who has been considering various Republican political runs, said his son has been a “strong leader in nearly every department of the company over the past 12 years.” He has extensive experience and is well-suited for the role.”
John Catsimatidis and John Catsimatidis Jr. attend the first Black and White Panda Ball at the Waldorf-Astoria Starlight Roof on February 8, 2017 in New York City. (Photo credit: Sylvain Gaboury/Patrick McMullan via Getty Images / Getty Images)
The company operates across a number of industries, from energy and real estate to media and groceries. Some well-known companies include United Refining Company and Gristedes.
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Gristedes has retail locations in more than 30 grocery stores in the New York City area, according to its website.
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John Catsimatidis, Chairman and CEO of United Refining Company, discusses Saudi Arabia's production cut announcement. (Fox News)
The Greek-American billionaire who founded the conglomerate in 1968 had a personal fortune worth $4.3 billion, according to Forbes magazine.
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“I'm excited to be able to help ensure continued growth for decades to come,” said Catsimatidis Jr.
