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Minerva Bunkering appoints Tyler Baron as Chief Executive Officer

26 Apr 2019

Minerva Bunkering, a global physical supplier of marine fuels and fully-owned subsidiary of Mercuria Energy Group Limited (Mercuria), on Thursday (25 April) announced Tyler Baron has been appointed its Chief Executive Officer, effective immediately.

Baron will be based in Geneva, and will oversee Minerva’s global business operations across Europe, the Americas and Asia.

“Given Tyler’s history with and dedication to the company, as well as his breadth of experience in financial markets and capital allocation, he is the ideal candidate to lead Minerva Bunkering,” said Magid Shenouda, Global Head of Trading at Mercuria.

“Through his leadership the new Minerva is positioned for success through a customer centric global platform and dedicated team of employees.

“As we continue strengthening our business, we are confident that Tyler and the Minerva team will execute on the Company’s strategic vision, provide best-in-class solutions to our customers and deliver value for our shareholders.”

Baron was positive of the development.

“Minerva will play a role in the transition of the marine fuels market, which is undergoing significant structural change, accelerated by the introduction of IMO 2020,” he said

“As part of Mercuria, Minerva Bunkering is one of the industry’s most credit-worthy counterparties, leveraging a global physical supply network and sales organization with the risk-management, structured finance, and trading capabilities of Mercuria.

“I look forward to capitalizing on the significant progress we have been able to achieve and increasing the value we deliver to our clients and partners.”

A timeline organised list of events preceding the current development have been recorded by Manifold Times below:

Related: Aegean Marine Petroleum Network reorganises as Minerva Bunkering
RelatedAegean: U.S. Bankruptcy Court clears Mercuria Energy take over
RelatedAegean: Bankruptcy Court approves disclosure statement, procedures
RelatedAegean: ‘Significant milestones’ achieved in restructuring progress
RelatedAegean Chapter 11: Judge authorises restructuring activity to start
RelatedAegean Chapter 11: Mercuria counters Oaktree/Hartree proposal plan
RelatedAegean Chapter 11: Bondholders object Mercuria’s $532 million DIP Facility
RelatedAegean Chapter 11: Creditor list shows exposure of 30 parties
RelatedAegean files for Chapter 11, Mercuria to be ‘stalking horse bidder’
RelatedAegean auditors alleges up to $300 million ‘misappropriated’
RelatedAegean: Forensic auditors target investigations on four companies
RelatedPresident of Aegean to leave, effective November 15
RelatedRumours: Alleged changes at Aegean’s management
RelatedMercuria starts ‘sole lender’ arrangement with Aegean
RelatedAegean establishes new management committee
RelatedMercuria bails Aegean out with $1 billion credit
RelatedOcean Intelligence comments on Aegean credit downgrade
RelatedAegean shares down 71%, to face legal investigations
RelatedAegean audit uncovers $200 million account discrepancy
RelatedAegean unfolds several business developments
RelatedAegean drops founder, elects new board members
RelatedAegean requests for ‘additional time’ to file annual report
RelatedAegean welcomes new Chief Financial Officer
RelatedLawsuit filed against Aegean’s H.E.C. acquisition
RelatedAegean to offer ‘one-stop-shop solution’ with H.E.C. acquisition
RelatedAegean in $367 million acquisition of port reception facilities services group
RelatedAegean shareholders ‘gravely concerned’ over board’s silence
RelatedShareholders nominate ‘highly qualified’ candidates to Aegean board
RelatedAegean Marine Petroleum Network under shareholder pressure

Published: 26 April, 2019
 

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