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Rumours: Alleged changes at Aegean’s management

21 Sep 2018

Market rumours of management changes at New York-listed bunkering firm Aegean Marine Petroleum Network were discussed during Singapore late trading hours on Thursday.

Several sources informed Manifold Times of Aegean President Jonathan McIlroy allegedly about to step down from his position, with no news of a replacement yet; Aegean elected McIlroy as President during July 2017.

Meanwhile, the company is set to promote Captain Chris Roberts, who is the current Sales Director at the New York office, to the position of Global Sales Director.

Manifold Times have contacted an Aegean spokesperson and is waiting for an official response on the above development.

The company in August started its ‘sole lender’ relationship with Mercuria Energy Group Limited with an initial USD $30 million loan.

A timeline-accurate list of events preceding the current development can be found below:

Related: Mercuria 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: 17 August, 2018

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