World Fuel Services Corporation Announces Board Leadership Transition
11 April 2014 - 10:30PM
Business Wire
Michael J. Kasbar to Be Named Chairman of
the Board
World Fuel Services Corporation (NYSE:INT) announced today that
Paul H. Stebbins will step down as executive chairman of the board
of directors immediately after the 2014 annual meeting of
shareholders and the board of directors will appoint Michael J.
Kasbar to the position of chairman of the board of directors in
addition to his role as president and chief executive officer of
World Fuel Services Corporation. Mr. Stebbins will continue to
serve as a member of the board of directors.
“I’d like to thank Paul for his many years of service and
leadership,” said Michael J Kasbar, president and chief executive
officer. “The company we built is in a great position for continued
growth and I look forward to his thought partnership at a board
level.”
About World Fuel Services
Corporation
Headquartered in Miami, Florida, World Fuel Services is a
leading global fuel logistics company, principally engaged in the
marketing, sale and distribution of aviation, marine and land fuel
and related products and services on a worldwide basis. World Fuel
Services sells fuel and delivers services to its clients at more
than 8,000 locations in more than 200 countries and territories
worldwide.
The company's global team of market makers provides deep domain
expertise in all aspects of aviation, marine and land fuel
management. Aviation customers include commercial airlines, cargo
carriers, private aircraft and fixed base operators (FBOs), as well
as the United States and foreign governments. World Fuel Services'
marine customers include international container and tanker fleets,
cruise lines and time-charter operators, as well as the United
States and foreign governments. Land customers include petroleum
distributors, retail petroleum operators, and industrial,
commercial, and government accounts. The company also offers
transaction management services which consist of card payment
solutions and merchant processing services to customers in the
aviation, marine and land transportation industries. For more
information, call 305-428-8000 or visit www.wfscorp.com.
World Fuel Services CorporationIra M. Birns,
305-428-8000Executive Vice President & Chief Financial
Officer
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