Aegean Marine Petroleum Network Inc. Appoints Pavlos Papageorgiou as Chief Financial Officer
April 17 2018 - 4:15PM
Aegean Marine Petroleum Network Inc. (NYSE:ANW) (“Aegean” or “the
Company”), a leading international marine fuel logistics company,
today announced that Pavlos Papageorgiou has been appointed Chief
Financial Officer, effective immediately. Mr. Papageorgiou succeeds
Spyros Gianniotis, who will continue to act as an independent
consultant to the Company to help ensure a seamless transition of
financial and operational responsibilities.
Yiannis Papanicolaou, Aegean’s Chairman of the
Board, commented, “We are pleased to welcome Pavlos as Chief
Financial Officer of Aegean. Pavlos brings more than twenty years
of extensive senior leadership experience across global marine
transportation, business development and financial services. We are
confident Pavlos’ significant industry knowledge positions him to
hit the ground running and support our ongoing efforts to drive
growth, profitability and value for all Aegean stakeholders.”
Mr. Papageorgiou added, “I am very excited to
join the team at Aegean and look forward to helping management
deliver on the Company’s great potential.”
About Pavlos Papageorgiou
Mr. Papageorgiou has more than twenty years of
experience in the financial services sector and most recently
served as Senior Advisor at Seacor Holdings (NYSE:CKH) where he
worked with the executive management team in executing corporate
opportunities. While at Seacor, Pavlos held a number of management
roles including Chief Financial Officer of Seacor Marine Holdings
LLC (SMH), the company’s largest operating division that services
the offshore oil and gas exploration, development, and production
industry worldwide. In addition to his responsibilities as CFO of
SMH, Mr. Papageorgiou also helped advise management on strategy and
mergers and acquisitions (M&A) activities including deal
assessment, structuring and analysis, as well as capital
markets.
Prior to his positions at Seacor, Mr.
Papageorgiou held various roles of increasing seniority at Morgan
Stanley having served as Head of Principal M&A Execution,
responsible for major strategic initiatives including deal
sourcing, and executing acquisitions. More recently, Pavlos served
as Assistant Treasurer and Global Head of Liquidity Planning and
Coverage at Morgan Stanley where he led the firm’s Global Liquidity
Risk Management Framework, including Contingency Funding Plan
(CFP), governance, escalation and mitigating actions. Pavlos began
his career in the Investment Banking department at Merrill Lynch
where he specialized in Telecommunications M&A. Mr.
Papageorgiou received a M.Sc. in International Finance from The
Grammenos Centre for Shipping, Trade and Finance at City University
of London’s Cass Business School and a B.S. in International
Economics from Georgetown University’s School of Foreign
Service.
About Aegean Marine Petroleum Network
Inc.
Aegean Marine Petroleum Network Inc. is an
international marine fuel logistics company that markets and
physically supplies refined marine fuel and lubricants to ships in
port and at sea. The Company procures product from various sources
(such as refineries, oil producers, and traders) and resells it to
a diverse group of customers across all major commercial shipping
sectors and leading cruise lines. Currently, Aegean has a global
presence in more than 30 markets and a team of professionals ready
to serve its customers wherever they are around the globe. For
additional information please visit: www.ampni.com.
Cautionary Statement Regarding
Forward-Looking Statements
Matters discussed or referenced in this press
release may constitute forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides safe harbor
protections for forward-looking statements in order to encourage
companies to provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts.
The Company desires to take advantage of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and is including this cautionary statement in
connection with this safe harbor legislation. The words "believe,"
"intend," "anticipate," "estimate," "project," "forecast," "plan,"
"potential," "may," "should," "expect" and similar expressions
identify forward-looking statements. Any forward-looking statements
made or referenced in this press release are based upon various
assumptions, many of which are based, in turn, upon further
assumptions, including without limitation, our management's
examination of historical operating trends, data contained in our
records and other data available from third parties. Although we
believe that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible
to predict and are beyond our control, we cannot assure you that we
will achieve or accomplish these expectations, beliefs or
projections.
In addition to these important factors, other
important factors that, in our view, could cause actual results to
differ materially from those discussed in the forward-looking
statements include our ability to manage growth, our ability to
maintain our business in light of our proposed business and
location expansion or other changes in our business, our ability to
obtain double hull secondhand bunkering tankers, the outcome of
legal, tax or regulatory proceedings to which we may become a
party, adverse conditions in the shipping or the marine fuel supply
industries, our ability to retain our key suppliers and key
customers, material disruptions in the availability or supply of
crude oil or refined petroleum products, changes in the market
price of petroleum, including the volatility of spot pricing,
increased levels of competition, compliance or lack of compliance
with various environmental and other applicable laws and
regulations, our ability to collect accounts receivable, changes in
the political, economic or regulatory conditions in the markets in
which we operate, and the world in general, our failure to hedge
certain financial risks associated with our business, our ability
to maintain our current tax treatments and our failure to comply
with restrictions in our credit agreements and other factors.
Please see our filings with the Securities and Exchange Commission
for a more complete discussion of these and other risks and
uncertainties.
CONTACTS:Aegean Marine
Petroleum Network Inc.Tel. +1-212-430-1098Email:
investor@ampni.com
Investor Relations / Media AdvisorNicolas
Bornozis / Daniela GuerreroCapital Link, Inc.Tel.
+1-212-661-7566Email: aegean@capitallink.com