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Vitol appoints new Chairman and Group CEO

19 Mar 2018

Rotterdam-based global energy and commodities trading and distribution firm Vitol has appointed Ian Taylor has Chairman and Russell Hardy as Group CEO of the Vitol Group.

“Russell has 30 years’ experience in the oil industry.  He joined Vitol in 1993 from BP and has held a number of trading and management roles in Singapore and London.,” says Vitol.

“He has been a member of the Executive Committee since 2007 and most recently was CEO EMEA with oversight of the company’s regional trading activity.  Russell holds a Meng in Chemical Engineering from Imperial College, London.”

Vitol in January bought over the global oil business of Singapore-listed commodities trading firm Noble Group Limited for $400 million.

The company is expecting the 2020 sulphur cap to introduce issues for the global shipping sector.

Dubai-based Cockett Group, a 50:50 interest between Grindrod Limited and Vitol, has announced 19 new hires at various offices in the Americas, Europe, the Middle East and Asia in February.

Related: Singapore-listed Noble sells oil trading desk
Related: Vitol: Market changes for fuel oil expected coming 2020
Related: Cockett Group boosts global oil team by nineteen

Published: 19 March, 2018
 

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