World Fuel Services Corporation Appoints Jeff Smith as Chief Operating Officer
October 17 2017 - 8:30AM
Business Wire
World Fuel Services Corporation (NYSE: INT) today announced the
appointment of Jeff Smith as Executive Vice President and Chief
Operating Officer of the company.
With more than thirty years of corporate experience, Mr. Smith
brings to World Fuel Services extensive operational and management
experience in driving global transformation to complex operating
models. Mr. Smith most recently served as Chief Information Officer
of International Business Machines Corporation (“IBM”) from August
2014 through May 2017, where he was responsible for managing all
front and back office systems and support for multiple domains
including digital, supply chain, manufacturing, financial, and
application services. Mr. Smith has also led both information
technology and corporate business strategy in his roles as Chief
Information Officer or Chief Executive Officer of large complex
organizations in telecommunications, technology and financial
services, including Suncorp Business Services, Telstra Corporation
and Honeywell.
“We are excited to have Jeff join us to accelerate our digital
transformation,” said Michael J. Kasbar, chairman and chief
executive officer. “His expertise in bringing agility to business
teams will be instrumental in driving improved operational
performance to provide an exceptional experience for our customers
and suppliers.”
Information Relating to Forward-Looking
Statements
This release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements regarding our expectations about our digital
transformation and driving improved operational performance. These
forward-looking statements are qualified in their entirety by
cautionary statements and risk factor disclosures contained in the
company’s Securities and Exchange Commission (“SEC”) filings,
including the company’s Annual Report on Form 10-K filed with the
SEC on February 21, 2017. Actual results may differ materially from
any forward-looking statements due to risks and uncertainties,
including, but not limited to: our ability to effectively leverage
technology and operating systems and realize anticipated benefits
of digitizing our business, our ability to successfully execute and
achieve efficiencies and other benefits related to our
transformation initiatives, our ability to integrate and derive
benefits from acquired businesses, our ability to capitalize on new
market opportunities, the impact of quarterly fluctuations in
results, the creditworthiness of our customers and counterparties
and our ability to collect accounts receivable, fluctuations in
world oil prices or foreign currency, changes in political,
economic, regulatory, or environmental conditions, adverse
conditions in the markets or industries in which we or our
customers and suppliers operate, potential liabilities and the
extent of any insurance coverage, the outcome of pending litigation
and other proceedings, our failure to effectively hedge certain
financial risks associated with the use of derivatives,
non-performance by counterparties or customers on derivatives
contracts, loss of, or reduced sales, to a significant government
customer, uninsured losses, the impact of natural disasters,
adverse results in legal disputes, unanticipated tax liabilities,
our ability to retain and attract senior management and other key
employees and other risks detailed from time to time in the
company’s SEC filings. New risks emerge from time to time and it is
not possible for management to predict all such risk factors or to
assess the impact of such risks on our business. Accordingly, we
undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
changes in expectations, future events, or otherwise.
About World Fuel Services
Corporation
Headquartered in Miami, Florida, World Fuel Services is a global
energy management company involved in providing energy procurement
advisory services, supply fulfillment and transaction and payment
management solutions to commercial and industrial customers,
principally in the aviation, marine and land transportation
industries. World Fuel Services sells fuel and delivers services to
its clients at more than 8,000 locations in more than 200 countries
and territories worldwide.
For more information, call 305-428-8000 or visit
www.wfscorp.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171017005919/en/
World Fuel Services CorporationIra M. Birns,
305-428-8000Executive Vice President & Chief Financial
Officer
World Fuel Services (NYSE:INT)
Historical Stock Chart
From Mar 2024 to Apr 2024
World Fuel Services (NYSE:INT)
Historical Stock Chart
From Apr 2023 to Apr 2024