Vesco Oil Corp. in Southfield has named Lilly Epstein Stotland CEO. Vesco is a distributor of branded automotive and industrial lubricants and a recycler of used oil and antifreeze.
Stotland joined the company in 2004 and previously served as general manager before being promoted to president in 2017.
“I’m energized by the opportunity to continue to build on my father’s legacy,” says Stotland. “Under his leadership, the company more than doubled in size through strategic acquisitions. Now, Vesco Oil is stronger than ever and poised for success thanks to our dedicated employees, longstanding leadership team, and loyal customers and suppliers. I’m dedicated to upholding the company’s core values while leading Vesco Oil as a valued and trusted distributor in the lubricant industry for years to come.”
Vesco is a third generation family owned and operated business. Donald Epstein has transitioned to the role of honorary CEO emeritus as Stotland takes on her new role and continues in her role as president. Stotland is a co-owner of Vesco and serves on the company’s board alongside her mother, Marjory Winkleman Epstein, and her sister, Lena Epstein, who are also co-owners.
“Lilly has proven her ability to not only run day-to-day operations since her appointment as president three years ago but also leverage her business expertise to grow the company significantly into contiguous Midwest markets,” Donald Epstein says. “Her transition to CEO is a natural and deserved evolution rooted in her dedication and commitment to the success of this company since she joined in 2004.”
Since joining the company, Stotland has managed acquisition and geographic expansion of the company. She was previously a financial analyst at Goldman Sachs in New York.
After completing a bachelor’s degree in economics from Harvard University, Stotland earned her master’s degree in business administration from the University of Michigan Ross School of Business.
Vesco operates 10 locations across Michigan, Ohio, Pennsylvania, and Illinois.