Jonathan Mcilroy Appointed President of Aegean

Jonathan Mcilroy has been appointment President of Aegean. Image Credit: Aegean

Aegean Marine Petroleum Network Inc. [NYSE: ANW] (Aegean) today announced the appointment of Jonathan Mcilroy as President, effective immediately.

"Following a comprehensive search process, we are pleased to appoint a leader of Jonathan's caliber as President of Aegean," said Yiannis Papanicolaou, Interim Chairman of the Board.

"Having joined Aegean in January 2016, over the last 18 months, Jonathan has played a critical role in successfully expanding Aegean's back-to-back trading division and worked with all the group's physical supply stations to drive growth in contracted volumes with major clients. Jonathan was initially recruited to bring a fresh international perspective to all aspects of the business including physical supply, back-to-back trading, sales & marketing and credit policies. Since joining Aegean, Jonathan fully engaged his 25 years of experience of working with ship operating clients, traders and third party physical suppliers in all major regional markets for shipping and bunkering globally and opened new marketing offices, recruited top talent and developed group strategies to better reflect the state of today's bunker markets.

"While serving as Aegean's Global Trading Manager, Jonathan developed strong customer relationships and broadened Aegean's exposure in all shipowning and operating segments of the maritime industry. With significant industry experience and familiarity with Aegean's unique platform, we are confident in Jonathan's ability to lead our strategic shift to a more profitable model."

Mcilroy's appointment follows the exit of former President E. Nikolas Tavlarios who last month agreed to resign by mutual agreement.

"Aegean has established a global platform with a reputation for high-quality customer service and I am honored to serve as President," said Mcilroy.

"I look forward to working alongside this talented group to continue to deploy resources into the most effective and profitable markets. Aegean is well positioned for continued success and I am excited to lead this company and enhance shareholder value."

Aegean also announced that Jean Jose ("JJ") Metey, who has served as interim President since June 2017, has been appointed Vice President and Head of Corporate Development, effective immediately.

"On behalf of the Board, I thank JJ for serving as interim President and for his assistance during a seamless transition process. We look forward to JJ's continued contributions to Aegean as Vice President and Head of Corporate Development," said Papanicolaou.

Mcilroy is a well known figure in the industry whose previous roles include Marketing Manager at Cockett Marine Oil and Credit Manager at Peninsula Petroleum.

Aegean is the world's largest independent physical supplier.