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Stamford energy firm CEO dies unexpectedly

December 24, 2018

STAMFORD — Steven Goldman, CEO and president of home energy firm Star Group, has died unexpectedly, the company announced Monday. The firm did not disclose the cause of death, which occurred Saturday.

Paul Vermylen, Star’s board chairman, credited Goldman with the growth of a company that now serves approximately 450,000 customers in 18 states across the country’s northeast, central and southeast regions. The firm specializes in products and services to heat homes and buildings.

Goldman, 58, had served as chief executive and as a member of the company’s Board of Directors since October 2013. He was previously the company’s executive vice president and chief operating officer. From 2000 to 2010, he held operating management positions with Star’s Petro unit.

“Having known Steve for almost 15 years, I can speak for the board in recognizing his leadership and stewardship of Star Group,” Vermylen said in a statement. “He will be greatly missed by everyone associated with the company and leaves behind a team fully capable of leading Star Group for years to come.”

Dan Donovan, Star’s previous CEO and president and a current board member, will lead the company on an interim basis through the remainder of the heating season, while the board considers “organizational and personnel decisions that will best position Star Group for the years ahead.”

Star lists itself as the nation’s largest retail distributor of home heating oil, based upon sales volume.

In its past fiscal year, Star recorded about $1.7 billion in revenues, growing 27 percent year-over-year. The increase reflected higher selling prices — in response to increasing wholesale product costs — and larger sales volumes.

The company also sells and services heating and air conditioning equipment for its home-heating oil and propane customers.

In some markets, Star provides plumbing services, mainly for home oil and propane.

The firm also sells diesel, gasoline and home-heating oil, on a delivery-only basis.

Star is headquartered at 9 W. Broad St., on the edge of the downtown.

pschott@scni.com; 203-964-2236; twitter: @paulschott

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