Herb Peyton
| Herb Peyton | |
|---|---|
Herb Peyton at Gate River Run in 2008
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| Born |
January 6, 1932 Bowling Green, Kentucky |
| Residence | Rivergate |
| Nationality | American |
| Alma mater | University of Florida |
| Occupation | Founder of Gate Petroleum |
| Political party | Republican |
| Spouse(s) | Marilyn Stephens (divorced) Virginia Gaines (divorced) Marcy Murphy |
| Children |
John Stephen (Marilyn) Henry Hill, Jennifer Gaines (Virginia) Forest, Sarah (Marcy) |
Herbert Hill "Herb" Peyton (born January 6, 1932) is an American entrepreneur and founder of Gate Petroleum in Jacksonville, Florida, which had sales of $1.44 billion in 2008. He is the father of John Peyton, current President of Gate and former Mayor of Jacksonville.
Peyton bought his first gas station in 1960 and slowly expanded throughout the decade, diversifying when gas became scarce during the Arab Oil embargo of the early 1970s. Although he denies guilt, he pleaded "no contest" to charges of gasoline price-fixing in the 1970s, paying $90,000 in fines.
In 1997, he acknowledged owning 80 percent of Gate Petroleum, with the remaining 20 percent belonging to "the Brothers"; long-term employees (men and women) who were instrumental in the company's growth, which had 2006 revenues of over U.S. $1.28 billion.
In 2001, The Florida Times-Union reported that Peyton, "pushing 70, is a larger than life figure who competes in triathlons and does at least one six-mile run every week, as well as a one-mile swim far out beyond the surf line". He has five children from three marriages; the oldest, John Peyton, is currently President of Gate and previously served two terms as Mayor of Jacksonville from 2003 to 2011. Herb Peyton attended the University of Florida, and was a member of the class of 1956.
Herb Peyton has been a Trustee of the Alfred I. duPont Testamentary Trust since January 18, 1995. He also serves on the Nemours Foundation Board of Directors. Peyton was elected as a director of Florida East Coast Industries and St. Joe Company in December 2000 and provided the benefit of his experience through 2004, when he retired from both boards. Peyton was named an honorary director of Dreams Come True in recognition of his contribution of land and construction material for the non-profit's new headquarters in 2002.
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