Michael J. Kasbar to Be Named Chairman of the Board
MIAMI--(BUSINESS WIRE)--Apr. 11, 2014--
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.
Source: World Fuel Services Corporation
World Fuel Services Corporation
Ira M. Birns, 305-428-8000
Executive
Vice President & Chief Financial Officer
