Consumer >> CEO Interviews >> April 16, 2001

Henry Sahakian – Uni-marts Inc (uni)

HENRY D. SAHAKIAN is the Chairman, President and CEO of Uni-Marts, Inc. Mr. Sahakian founded Uni-Marts, Inc. in 1972 as a division of Unico Corporation, which he also founded in 1962 in State College, Pennsylvania. Unico Corporation is a real estate company that has developed numerous commercial and residential projects throughout Pennsylvania. In 1986, Uni-Marts, Inc. spun off from Unico and became a publicly held company. Its common stock is traded on the American Stock Exchange under the symbol UNI. Uni-Marts, Inc. is a leading convenience store operator in the mid-Atlantic region. The company also operates discount tobacco stores under the name of Choice Cigarette Discount Outlet. The company currently has 298 convenience stores and Choice Cigarette Discount Outlets in Pennsylvania, New York, Delaware, Virginia, and Maryland. Self-service gasoline is sold at over 237 of these locations. Mr. Sahakian is Chairman of the Unico Corporation and a Board member of HFL Corporation. He is a member of the Board of Trustees of Lycoming College and a member of the CEO Group of Centre County. Additionally, Mr. Sahakian was a member of the Pennsylvania State University National Development Committee and served on its National Campaign Executive Committee. He was Chairman of the Centre County Community Foundation, Vice Chair of the Chamber of Business and Industry of Centre County, and served on the Board of Mellon Bank's Central Region. Over the years, he has also served on the Boards of various nonprofit organizations. Profile
TWST: Could we begin by asking you to give us a background summary and a

brief overview of Uni-Marts?

Mr. Sahakian: The first Uni-Mart convenience store was opened in 1972,

in State College,