Sprague Operating Resources Embraces Strategic Changes in Leadership for Future Growth

Strategic Leadership Changes at Sprague Operating Resources

On July 24, 2025, Sprague Operating Resources LLC, a prominent provider of energy and material handling services founded in 1870, announced significant leadership appointments to enhance growth in its core operations. The company's strategy is focused on embracing innovation and ensuring future expansion while maximizing its strong asset base.

Dave Glendon transitioned from President and CEO to Chairman of the Board. In his new role, Glendon aims to optimize the value of Sprague’s vast array of assets, paving the way for sustained growth. This strategic shift is seen as vital for reinforcing Sprague's commercial strategy, and to this end, the company appointed two Co-Presidents: Brian Weego and Karl Schmidt. These new leaders are expected to drive the company's vision forward as it moves into its next chapter.

Sprague Headquarters

Sprague's headquarters in Portsmouth, NH.

Brian Weego, previously instrumental in growing Sprague's Natural Gas division, has been named Co-President. Over the past twenty years, he has developed this segment into a robust platform serving nearly 30,000 commercial and industrial accounts in the Northeast. Weego expressed his excitement to broaden the company’s reach further. “The success of our Natural Gas business has been a testament to our team's innovation and dedication to our customers,” he stated. “As Co-President, I look forward to continuing the momentum.”

Newly appointed Co-President Karl Schmidt joins Sprague from Hartree Partners, LP, where he was successful in building various businesses, including fuel oil and metals sectors, and supported Sprague’s Canadian subsidiary, Kildair Service ULC. Schmidt expressed optimism about joining Sprague at such an exciting time, believing strongly in the potential the company has through its established infrastructure and strong customer relationships. “I see immense potential in Sprague's strong infrastructure, and its amazing customer relationships,” he affirmed. “I'm eager to collaborate with Brian and the entire team.”

These appointments underscore Sprague’s commitment to a multi-year strategic evolution designed to accelerate its vision. Glendon emphasized the importance of reorganizing the company around commercial units to stimulate faster growth and expansion into new offerings. “We are poised to accelerate our growth across the company and into new areas,” he remarked. The appointment of leaders with proven track records is expected to set the stage for exciting developments as Sprague continues its reputable legacy in the energy sector.

Founded in 1870 and headquartered in Portsmouth, NH, Sprague Operating Resources has established itself over the past 155 years as a supplier of energy solutions and material handling services that cater to commercial, industrial, wholesale, and government clients across the Mid-Atlantic, Northeast, and Quebec. Sprague's diverse portfolio includes fuel storage, delivery, electricity, and natural gas, aligning with current trends focused on sustainable energy solutions.

As a pioneer of sustainability in the energy market, Sprague was the first certified BQ-9000 Biodiesel Terminal Marketer in the U.S. and continues to pioneer innovations with low-carbon fuels like biodiesel and renewable diesel. With award-winning liquid tank rooftop solar energy systems, they showcase their commitment to green energy solutions.

As Sprague navigates these strategic changes, stakeholders can look forward to a period of dynamic growth and innovation that promises to not only uphold but expand the company’s legacy in energy and material management. More updates on Sprague can be found at Sprague Energy Newsroom.