COLUMBIA — MFA Oil CEO Jerry Taylor has announced his retirement effective Aug. 31. The company's current chief operating officer, Mark Fenner, will take over Sept. 1, according to a news release from MFA Oil.
Taylor was appointed chief executive officer and president in 2003. He has worked with the company since 1982.
Taylor will stay involved with the cooperation by leading MFA Oil's investment in three new companies: MFA Oil Biomass, AgFuel Energy Systems and WasteWater Logic.
His successor, Fenner, has been with MFA Oil since 2012 after 26 years of previous experience in sales. Under Fenner's supervision the company has added more than $100 million in sales and expanded operations into other states including Kansas, Wyoming and Arkansas, according to the release.
MFA Oil is a farmer-owned cooperative that supplies fuels, lubricants and propane to customers in 11 states, making it the seventh largest propane company in the country. Along with supplying fuel around the country, the company operates Jiffy Lube franchises and Big-O Tires franchises in central Missouri and other areas of the Midwest. It also operates 55 Break Time convenience stores in central Missouri.
The company employs 1,600 people throughout the country with 600 in central Missouri.