29 січня, 2024, 16:45

Swiss trader Eco Fuel Trading SA is undergoing significant changes in its management team, as reported by the company to NaftoRynok.

The trader's leadership is set to be reinforced with former executives from Trafigura and representatives of other major companies. Alongside this, there will be a substantial increase in authorized capital and an extension of credit lines.

New additions to the leadership team at Eco Fuel include:

  • Jonathan Brown - Chief Executive Officer. Previously holding senior roles at Trafigura (Deputy Chief Operating Officer/Head of Global Transformation, Global Head of Oil Risk), and co-founder of NextWave Swiss Capital.
  • Robert French - Chief Financial Officer. Former Head of Trade Finance at Trafigura, with experience at Puma, ZR Energy, and Montfort in trade finance roles.
  • Nicolas Jenik - Head of Business Development. Formerly at Trafigura, managing European Natural Gas and LNG Trading. Prior experience at Gunvor and Glencore in roles related to coal and freight.
  • Terry Addo - Head of Trading and Operations for Africa. Previously serving as Commercial Manager for the African market at Trafigura.
  • Homan Amiry - Chief Operating Officer. Former Senior Vice President of Risk at Merril Lynch, with roles at Gunvor, SOCAR, and ZR Energy.

The company plans to continue its growth in Europe and Africa, with a specific focus on North and South American markets. It emphasizes that the Ukrainian market will remain a priority, and Eco Fuel intends to introduce products under a new supply chain while maintaining its current level of customer focus and flexibility.

Key employees, including Alban Lammens and Oleksii Fesenko, will receive promotions and equity stakes. They will play crucial roles in developing various markets, including Ukraine:

  • Alban Lammens is appointed Head of Trading and will join the Management Committee.
  • Oleksii Fesenko will continue leading the company's trading activities in Ukraine, the Danube, and the Black Sea.

According to NaftoRynok's assessment, Eco Fuel Trading supplied approximately 600,000 tonnes of diesel and 200,000 tonnes of gasoline to Ukraine, with 95% of the resources originating from Greece.

Hellenic Petroleum, Greece's largest company, recently informed its counterparts that it will cease working with Russian oil and fuel starting March 2022.