Peter Pan Bus Lines announced that Brian R. Stefano was appointed as the new president and chief financial officer of the company. This marks the first time in the almost 80-year history of Peter Pan that a non-Picknelly will serve as the company’s president.
Peter A. Picknelly has now assumed the title of chairman/CEO, a position that remained vacant since the passing of his father, Peter L. Picknelly, former chairman/CEO from January 1964 through October 2004.
With Brian Stefano at the helm as Peter Pan’s new president, Peter A. Picknelly will still be greatly involved with the bus company, but will also be able to devote more of his energy to the operations of other Picknelly family-owned businesses, such as Camfour and Belts Technologies, according to a company statement. In addition, Picknelly plans to further the advancement of OPAL, the real estate development arm of his business, with particular emphasis on projects benefiting the revitalization of Springfield, Ill.
As President, Stefano will oversee the day-to-day operations of Peter Pan and its affiliated businesses, encompassing intercity motorcoach service and facilities in Massachusetts, Rhode Island, Connecticut, Greater New York/New Jersey, and Washington, D.C., locations.