Sprague Operating Resources Announces Strategic Leadership Changes

PORTSMOUTH, N.H., July 24, 2025 /PRNewswire/ -- Sprague Operating Resources LLC (Sprague), a leading provider of energy and material handling services across the Northeast since 1870, today announced key leadership appointments designed to accelerate growth in its core businesses, while supporting future expansion.

Dave Glendon has transitioned from President and CEO to the role of Chairman. In his new capacity, Glendon will focus on maximizing the value of Sprague's asset base. To drive Sprague's commercial strategy, the company has appointed two Co-Presidents:

• Brian Weego has been named Co-President. Weego has been instrumental in the successful growth of Sprague's Natural Gas business, building it over the last two decades into a robust platform serving nearly 30,000 commercial, government, and industrial accounts across the Northeast.

"The success of our Natural Gas business has been a testament to our team's innovation and dedication to our customers," commented Brian Weego. "As Co-President, I'm incredibly excited to further broaden our reach and continue building on our robust platform, bringing our sophisticated tools and market expertise to help even more businesses."

• Karl Schmidt joins Sprague as Co-President. Schmidt brings a strong track record from Hartree Partners, LP, Sprague's parent company, where he built successful businesses including fuel oil, metals, and an international bunker fuels platform. He has also played a critical role in supporting Sprague's Canadian subsidiary, Kildair Service ULC.

"I am thrilled to join the Sprague team at such a dynamic time," stated Karl Schmidt. "I see immense potential in Sprague's strong infrastructure, and its amazing customer relationships. I look forward to collaborating with Brian and the entire Sprague team as we look ahead to the next 155 years for the company."

These leadership appointments are part of a multi-year strategic evolution aimed at accelerating Sprague's vision for the future. "By reorganizing the business around our commercial units, we are poised to accelerate growth across our company and expansion into new offerings" said Glendon. "I'm looking forward to supporting Brian and Karl's efforts to stimulate the next phase of our growth."

 Stay up to date on Sprague news at https://www.spragueenergy.com/newsroom.

About Sprague Operating Resources LLC: Founded in 1870 and headquartered in Portsmouth, NH, Sprague Operating Resources LLC has a rich, 155-year history of delivering innovative energy solutions and material handling services. The company serves commercial, industrial, wholesale, and government customers across the Mid-Atlantic, Northeast, and Quebec with a diverse portfolio of products and services, including fuel storage, fuel delivery, electricity, material handling, material storage, natural gas, and solar. As a leader in sustainability, Sprague was the first petroleum company in the U.S. to be recognized as a BQ-9000 Certified Biodiesel Terminal Marketer and continues to drive innovation with low-carbon fuels like biodiesel and renewable diesel, wind component material handling through its terminals, and award-winning liquid tank rooftop solar energy systems. Learn more at www.spragueenergy.com.

Media Contact:
Nick Skally
603-430-7231
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SOURCE Sprague Energy