Corporate Governance

Corporate Governance at World Fuel Services

Leadership

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Michael J. Kasbar

Chairman and Chief Executive Officer

Michael J. Kasbar has served as Chief Executive Officer since 2012 and assumed the role of Chairman in 2014.

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Ira M. Birns

Executive Vice President and Chief Financial Officer

Ira Birns is responsible for the executive leadership of the company’s financial organization including M&A planning and analysis, tax, treasury, controllership, internal audit and investor relations.

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John  P. Rau

Executive Vice President of Global Aviation and Marine

John Rau is responsible for the leadership of two of the company’s primary fuel and energy segments. He previously served as Executive Vice President, Aviation.

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Michael  Crosby

Executive Vice President of Global Land

Michael Crosby is responsible for leading the commercial fuel and energy business in North and South America.

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Wade  N.  DeClaris

Chief Commercial Officer

Wade DeClaris is responsible for global account management and client relationship.

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Francis Lee  Boon Meng

Executive Vice President of Marine

Francis Lee Boon Meng is responsible for leveraging operational strength and best practices across the marine segment.

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Carlos  Velazquez

Chief Accounting Officer and Senior Vice President, Finance

Carlos Velazquez has previously served as Senior Vice President, Finance for the marine segment and Chief Financial Officer of the aviation segment.

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Amy  Abraham

Senior Vice President and Chief Marketing Officer

Amy Abraham is responsible for all areas of marketing across the land, aviation and marine businesses.

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R. Alexander  Lake

Senior Vice President, General Counsel and Corporate Secretary

Alex Lake has served as General Counsel and Corporate Secretary of World Fuel Services Corporation since 2004.

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Massoud  Sedigh

Chief Information Officer

Massoud Sedigh is responsible for the executive leadership of the company’s global technology infrastructure.

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Board of Directors

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Ken Bakshi

Managing Partner - Trishul Capital Group

Mr. Bakshi has served as a director of the Company since 2002. Since June 2003, Mr. Bakshi has also been managing partner of Trishul Capital Group LLC and Trishul Advisory Group LLC, two privately owned equity investment and consulting companies. From July 2013 to June 2015, Mr. Bakshi served as Executive Chairman of the board of directors of Amala Inc., a skin care products company.

  • Compensation (Chairman)
  • Governance
  • Technology and Operations
  • Nominating Subcommittee (Chairman)

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Jorge L. Benitez

Retired Chief Executive, North America - Accenture plc

Mr. Benitez has served as a director of the Company since January 2015. Mr. Benitez retired from Accenture plc in September 2014 after more than 33 years of service, the last three years of which Mr. Benitez served as Chief Executive Officer of North America, where he had primary responsibility for Accenture’s business and operations in North America. 

  • Technology and Operations (Chairman)
  • Governance

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Michael  J.  Kasbar

Chairman and Chief Executive Officer - World Fuel Services

Michael Kasbar is Chairman and Chief Executive Officer of World Fuel Services Corporation and a member of the company's Board of Directors. Kasbar has served as Chief Executive Officer since 2012 and assumed the role of Chairman in 2014.

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Richard A. Kassar

Chief Financial Officer - Freshpet, Inc.

Mr. Kassar has served as a director of the Company since 2002. Mr. Kassar is the Chief Financial Officer of Freshpet Company, a NASDAQ company [FRPT] since July 2014 and is currently a principal of Go7Brands, LLC, a brand management company, where he also serves as Senior Vice President and Chief Financial Officer.

  • Audit
  • Compensation
  • Governance
  • Technology and Operations

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Myles  Klein

Retired Principal - Klein, Melendez & Rothbard, LLC

Mr. Klein has served as a director of the Company since February 1995. Mr. Klein is a Certified Public Accountant. From 1971 until 1985, Mr. Klein was a partner in the international accounting and auditing firm of Grant Thornton. 

  • Audit
  • Governance

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John  L.  Manley

Retired Partner - Deloitte & Touche LLP

Mr. Manley has served as a director of the Company since October 2010. Mr. Manley retired from Deloitte & Touche LLP in 2009 after more than 27 years as a partner, the last three years of which Mr. Manley was Managing Partner of Deloitte’s Northeast Region Audit and Enterprise Risk Services Practice.

  • Audit (Chairman)
  • Governance
  • Technology and Operations

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J. Thomas Presby

Retired Partner - Deloitte & Touche Tohmatsu

Mr. Presby has served as a director of the Company since February 2003. Mr. Presby retired in 2002 as a partner in Deloitte Touche Tohmatsu, an accounting and consulting firm. At Deloitte, Mr. Presby held numerous positions in the U.S. and abroad, including the posts of Deputy Chairman and Chief Operating Officer.

  • Audit
  • Governance
  • Nominating Subcommittee

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Stephen  K. Roddenberry

Partner - Akerman LLP

Mr. Roddenberry has served as a director of the Company since June 2006. Mr. Roddenberry is a partner in the law firm of Akerman LLP where he has been employed as an attorney since 1988.

  • Governance (Chairman)
  • Compensation

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Paul H. Stebbins

Chairman Emeritus - World Fuel Services Corporation

Mr. Stebbins has served as Chairman Emeritus since May 2014 and has served as a director of the Company since June 1995. Prior to his appointment as Chairman Emeritus, from January 2012 to May 2014, Mr. Stebbins served as Executive Chairman of the Board.

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Corporate Governance Principles

Our principles serve as a framework for effective corporate governance at World Fuel Services.

Corporate Governance Principles

Code of Conduct

At World Fuel Services, we are committed to doing the right thing. We communicate this to our customers, business partners, investors, and communities by acting with honesty and integrity in all that we do. We also prove our dedication to this principle by adhering to the guidelines set forth in the WFS Code of Conduct.

The WFS Code of Conduct is available, simply click on the link and the file will download automatically.

LEARN MORE ABOUT OUR ETHICS AND COMPLIANCE