E. Philip Saunders
Mr. E. Philip Saunders became an Independent Director of Royal Oak in June 2014 and also serves as a member of the Royal Oak Audit Committee. Mr. Saunders is the founder of a number of notable companies, including Genesee Regional Bank, Truck Stops of America, Griffith Energy, Travel Centers of America and Sugar Creek Corporation. In addition, Mr. Saunders is an owner of Essex Property Management, a commercial real estate company. Other significant ownership interests include Valley Fuels, Sugar Creek Farms, Western New York Energy and American Rock Salt.
Mr. Saunders currently serves as Chairman of Genesee Regional Bank and Valley Fuels as well as Chairman of the Board of Directors of Paul Smith’s College. Mr. Saunders additionally serves on the Board of Directors of American Rock Salt, Lewis Tree, Passero Associates, NYS Trooper Foundation, Torvec Inc., Rochester Institute of Technology, Western New York Energy, and the Young Entrepreneurs Academy. Mr. Saunders was formerly the Executive Vice President and Director of Ryder Systems, Owner/CEO of Econo-Car International, and Owner/CEO of Richardson Foods Corporation.
In addition to his current board service, Mr. Saunders previously served as a member of the Board of Directors of the American Red Cross, Boy Scouts of America, Fleet Bank, Genesee Valley Trust Company, Hahn Automotive, Excellus of New York, Ryder Systems, National Association of Truck Stop Operators (NATSO), Rochester General Hospital, and Roswell Park.
Mr. Saunders is a recipient of an honorary Doctorate of Commercial Science from Paul Smith’s College. He is also a member of the Livonia Central School Athletic Hall of Fame and the National Association of Travel Centers Hall of Fame. Mr. Saunders is a past inductee of the Rochester Business Hall of Fame.