World Fuel Services changes name to World Kinect, begins trading under new ticker symbol
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by Admin
World Fuel Services Corporation (NYSE:INT) on Thursday (15 June) announced it has changed its corporate name to World Kinect Corporation.
The Company’s shareholders approved the name change during today’s Annual Meeting. The Company will begin trading under its new name and ticker symbol (NYSE: WKC) effective 16 June 2023.
The firm said the change is intended to better reflect the Company’s ongoing transformation into a more resilient, diversified energy and solutions provider.
“As the energy transition unfolds, this name change reflects our commitment to continue evolving alongside our customers. We will support their core energy requirements, while also meeting their growing energy transition needs with an expanding portfolio of products and services, empowering them to navigate their sustainability journeys most successfully,” it said.
“For nearly 40 years we have been dedicated to providing a comprehensive and reliable supply of energy, logistics and finance solutions for aviation, marine and land-based customers worldwide,” said Michael J. Kasbar, Chairman and Chief Executive Officer.
“Through our relationships with more than 150,000 customers globally, we are uniquely positioned to understand their operational requirements and provide innovative products, services and digital solutions to meet their evolving needs. Our new name, World Kinect, represents our role as a bridge, connecting our customers to the resources, expertise and support they need to successfully navigate their energy transition journeys.”
Company executives rang the New York Stock Exchange closing bell to celebrate the occasion. The firm will discuss this name change and broader corporate strategy at a forthcoming Investor Day event. Further details will be provided shortly.
On the same day, the firm said its board of directors has declared a quarterly cash dividend of USD 0.14 per share, which is payable on 10 July, 2023 to shareholders of record on June 26, 2023.
Photo credit: World Kinect Corporation
Published: 16 June, 2023
