Convenience retailing, or life for that matter, can be summed up by the two words of “hope” and “love,” said NACS 2016-17 Chairman Rahim Budhwani during the 2016 NACS Show Closing General Session today.
“Hope is the constant of all things. It’s the only thing that stays with you when everything else feels lost. And without love, life has no meaning, no flavor, no passion,” said Budhwani, who is CEO of 6040 LLC, which operates convenience stores, including the Encore brand, in Alabama.
Budhwani used the name of his company to explain the concepts of both love and hope. Originally, he developed the company with a partner who would work in their first store and own 60% of the company while Rahim, the silent partner with another career, would own 40%—thus the name 6040.
But just before the deal closed, his partner had a change of heart. Budhwani was now a 100% owner of a convenience store business—along with his full-time job as a computer programmer, his grad school studies and his newly expanded family with a newborn daughter.
Source: New Chairman Rahim Budhwani Addresses NACS Attendees – Convenience Store Decisions
October 20, 2016: ATLANTA — NACS has named Rahim Budhwani, president and CEO of 6040 LLC, as the group’s chairman. NACS elected its 2016-2017 Executive Committee during its board of directors meeting at the 2016 NACS Show in Atlanta.
Budhwani also chairs the NACS Executive Committee, which provides strategic direction and financial oversight to the association.
Hoover, Ala.-based 6040 LLC operates five convenience stores under the Monarch, Chevron, Shell and BP brands.
Bio at the source: http://www.cspdailynews.com/industry-news-analysis/corporate-news/articles/nacs-names-2016-17-chairman
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