vitol management team

In May 2010, Vitol sold half of VTTI to MISC Berhad, of Malaysia. Vitol Inc. plotted to pay bribes in Brazil, Mexico and Ecuador, in some cases as recently as in 2020, and separately also attempted to manipulate benchmark for fuel oil prices, according to a deferred prosecution agreement filed in federal court in Brooklyn, New York. Vitol is an energy and commodities company. Vitol established its own storage and terminal subsidiary, VTTI, in 2006 and invested heavily to create a major international network of terminals at key trading hubs. There are growing signs that the commodity-trading industry’s best days are in the past as increased competition, greater transparency and the digital flow of information are shrinking profit margins. He has a wide range of experience within the Vitol Group, from gasoline trading and various management positions to the creation of Vitol’s central management information system. Vitol is an energy and commodities company. Vitol Group named Russell Hardy as chief executive officer, replacing Ian Taylor at the helm of the world’s biggest independent oil trader. It has long-standing relationships with national oil companies, refiners, producers and end users. Vitol Oil & Energy London, England 58,979 followers Vitol is a leader in the energy sector with a presence across the spectrum; from oil to power, renewables and carbon. His exit from Vitol follows other changes in top management at the trading house, which handled 8 million barrels of crude and petroleum products a day last year. With Ian Taylor as CEO, Vitol grew its net profit 100-fold between 1995 and 2016. It is on our people’s expertise, innovation, drive and relationships that we depend for the development and growth of our business. Melvin Ng Quantitative trader. Previously Don served as President and CEO for Sable Bay Energy and as President and COO for Plantation Petroleum Company. About us . Huub … Our people are our business. Vitol’s culture originated over 50 years ago with our founders and their combination of entrepreneurship, determination to succeed, integrity, hard work and humility. Prior to joining Vitol in 1986, Mr. Fransen was with British Petroleum. Johan has also held roles at McKinsey and Morgan Stanley. ), Director, President, C.E.O. David Fransen, another Taylor contemporary, stepped down from the position of managing director in Switzerland and a member of the firm’s management board last year, but remains chairman of Vitol’s Swiss unit. VTTI has 13 terminals on five continents with around 8.5 million cubic metres of capacity. Huub Stokman Chief Executive Officer. Over the last decade alone its 350 top employees received a total of $7.5 billion in payouts, according to corporate fillings. Vitol is an energy and commodities company. For over 50 years we have used our networks and infrastructure to manage the flow of energy around the world, efficiently and responsibly. Beyond his role in global commodities trading, Taylor is well known in the U.K. as a pro-European and big donor to the Conservative Party, which has led the government since 2010. Die Vitol-Gruppe mit Sitzen in Rotterdam (Niederlande) und Genf (Schweiz) ist ein internationales Rohstoffhandelshaus; die Gruppe wurde 1966 gegründet und ist neben Glencore und Gunvor der größte globale Rohstoffhändler und Weltmarktführer. Julia Gupalo Tax Compliance • 2 years. We manage the sales contracts, transportation logistics and financial administration for all of the plants that we represent. By choosing Hardy as the new CEO, Vitol passed over the oil trader’s other top managers including Mike Loya, who heads the company in the Americas, … The day-to-day management of the Nestlé business is taken care of by our Executive Board. About us overview; Operating globally ; Our people, our culture; Video library; Corporate disclosures; Corporate marketing; Vitol Foundation; What we do. U.S. Futures, Global Stocks Ride the Stimulus Wave: Markets... Oaktree Agrees $400 Million Vedanta Resources Debt Investmen... Philippines Seeks New $11 Billion Debt From Central Bank. Under his watch, Vitol expanded like a Silicon Valley success story, increasing net income from $22.9 million in 1995 to a record $2.28 billion in 2009. For over 50 years we have used our networks and infrastructure to manage the flow of energy around the world, efficiently and responsibly. For over 50 years we have used our networks and infrastructure to manage the flow of energy around the world, efficiently and responsibly. Under the leadership of Taylor, who fought cancer a few years ago, Vitol enjoyed commercial success amid surging oil demand and roller coaster energy markets. Vitol on Thursday agreed to pay a combined $135 million to resolve a Department of Justice investigation into violations of the Foreign Corrupt Practices Act (FCPA) in addition to a parallel probe by the Brazilian Ministério Público Federal, to which $45 million of the criminal penalty will be credited. Global Account Manager, Vitol Aviation, London. Management Moves. Russell Hardy took over as chief executive officer in 2018 from Ian Taylor, who moved to be chairman of the group. By choosing Hardy as the new CEO, Vitol passed over the oil trader’s other top managers including Mike Loya, who heads the company in the Americas, and Kho Hui Meng, head of Asian operations. Treasury Market’s Inflation Gauge Nears 2%, Highest Since 20... Oil Limps Forward as Dimming Stimulus Outlook Batters Equiti... Fed Extends Main Street Program to Process Last Submitted Lo... U.K. Markets Rally in First Full Trading Day After Brexit De... U.S. 20-City Home Price Index Posts Biggest Gain Since 2014. Over the same period, Glencore, the world’s largest commodities trader, went from $1.2 billion to $35 billion, a smaller though still impressive 2,800 percent rise. Management; Executive Board; Executive Board. Rotterdam-based Vitol was founded half a century ago by a pair of Dutchmen and under Taylor, has aggressively expanded its operations worldwide, with main trading floors now located in London, Geneva, Singapore and Houston. Company profile page for Vitol Holding BV including stock price, company news, press releases, executives, board members, and contact information Over half a century, Vitol has never suffered an annual loss. Javed joined Vitol in 2009 and currently holds positions at a number of Vitol’s portfolio companies, including as a board member for Petrol Ofisi, VTTI, Viva Energy Australia, VPI Holding and OVH Energy. About us . You will then help translate the business requirements into a technical protype, coordinate the development phase, and the roll out to the trading desks. Have a confidential tip for our reporters? An investigation led by Paul Volcker, the former U.S. Federal Reserve chairman, exposed a world of illicit payments, secret bank accounts, and diplomats for hire. Quantitative analysis, python. Im Jahr 2015 handelte das Unternehmen mit einem Umsatz von 168 Milliarden US-Dollar ca. Mark Schneider Chief Executive Officer Laurent Freixe Executive Vice President Chief Executive Officer Zone Americas (United States of America, … Still, Vitol and Taylor kept up their end of the bargain and were eventually repaid in full. Vitol is a Dutch energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. Along with Glencore’s CEO Ivan Glasenberg and Trafigura’s late co-founder and former chairman and CEO Claude Dauphin, Taylor is widely regarded as a pioneer of global commodities trading. Prior to joining the Group, Johan worked for the Samsung Group in Korea for nine years, of which he spent four years as a member of the corporate auditing team of Samsung Electronics Korea and four years as a vice president in the chairman’s office focusing on global performance management and M&A. About us. Vitol said in a statement that Hardy joined the firm in 1993 and held a number of trading and management roles in Singapore and London. Management and Directors Hai Zhou – Director and Chairman of the Board. Taylor refused to follow Glencore’s path and become a public company, keeping the firm private despite numerous conversations over the years about a potential initial public offering, or selling the business to others, including at one point to now defunct Enron. In 2011, in the midst of a raging civil war in Libya, Taylor and another top executive, Chris Bake, flew into Benghazi to personally negotiate a deal to supply fuel to rebels fighting against the 42-year dictatorship of Colonel Moammar Qaddafi. Every day we use our expertise and logistical networks to distribute energy around the world, efficiently and responsibly. Brexit Deal Offers Scant Solace to City of London Under Thre... Ian Taylor led spectacular growth in two decades at the helm, Russell Hardy, originally an engineer by trade, becomes CEO. (P.Eng. Vitol is an energy and commodities company. A chemical engineer by training, Hardy joined Vitol in 1993 and has been a member of the company’s executive committee since 2007. Vitol would be paid in crude oil. Before it's here, it's on the Bloomberg Terminal. About us. We have offices in over 40 locations worldwide. Chief Executive Officer Huub Stokman. 303 Millionen Tonnen Öl(-derivate) bzw. Its employees, who are also the firm’s shareholders, were rewarded handsomely. About us overview; Operating globally ; Our people, our culture; Video library; Corporate disclosures; Corporate marketing; Vitol Foundation; What we do. The company plays a crucial role in global energy markets, buying, selling, blending and transporting oil, gas and coal around the world. Vitol and our people ... Risk management and CTRM development teams. The designated Board Members manage diverse parts of the global business. Leo Hergenroeder Project Manager. Vitol Biofuels also maintains federal, state, and provincial licenses for the distribution of ethanol across the US and 10 Canadian provinces, providing complete regulatory compliance for these markets. Trading/Marketing Manager, Coal, Singapore. Huub Stokman Chief Executive Officer Huub Stokman is an energetic and performance-driven business leader with over 25 years professional experience. Both are close in age to Taylor, who is 62. This site uses cookies to provide you with a great user experience. Mr. Fransen is Chairman of Vitol S.A. Geneva and a Director of various Vitol Group companies, and is also a Director of Watford AFC Limited. Mr. Zhou hai has been engaged in enterprise management for more than 10 years and has served as the president of many enterprises in industries of finance, agriculture, mining, real estate, trade and pharmaceutical. We work with partners to support and supply global energy flows, moving energy responsibly, safely and cost effectively around the world. He started at Royal Dutch Shell Plc in 1978, where he learned oil trading through stints in Singapore and Caracas. Taylor, an Oxford-educated trader who led the firm for more than two decades of impressive growth, will remain chairman. U.S. Stocks Drop After Hope Fades for Expanded Aid: Markets Wrap, Alibaba Probe Stirs Worry About What’s Next for Chinese Tech, Ant Turning From Windfall to Nightmare for Global Investors, Brexit Deal Is Too Little, Too Late for U.K.’s Car Industry, ‘My Daughter’s Gone. He has been a member of Vitol… Vitol increased its equity value by 3,500 percent, from $278 million in 1996 to about $10 billion at the end of 2016. The members of the Uniper Management Board guide our operational and commercial activities, set our strategic course, and define our policies. By using the Vitol website, you accept, Health, Safety, Environment, Human Rights and Communities (HSEC). Share this page. The move finally settles the succession questions that have loomed over the company, although Hardy’s ascension grew more likely last year when he was appointed Vitol’s CEO for Europe, the Middle East and Africa. We apologize, but this video has failed to load. Huub has in various capacities proven to be an accomplished executive leader across the international downstream value chain, Full Profile. He first joined Vitol in 1985 and became CEO 10 years later. Company Description: Vitol and our people We are leading privately owned energy and commodities company and sit at the heart of the world’s energy flows. Management Team. Executive Board. The agreed deal went awry with in days as Qaddafi’s forces blew up a key pipeline. Highly Experienced Management Team with a Proven Track Record Top Management VITOL. Last year, he declined a knighthood amid controversy related to his support for the failed campaign for the country to remain in the European Union. He holds a … Company profile page for Vitol Capital Management Ltd including stock price, company news, press releases, executives, board members, and contact information Vitol also has a 50% share on a major storage and terminals business VTTI with the storage capacity of about 8.5 million cubic meters and operations running in fourteen countries around the world. Vitol's major assets in Fujairah Refinery Company Limited Middle East and have several refining assets around the globe in cities like Cressier and Antwerp. News zur VITOL AKTIE und aktueller Realtime-Aktienkurs Exclusive: Ecuador weighs suit against Vitol in wake of graft revelations, sources say Currently @ Vitol Traded Oil @ Goldman Sachs Studied @ Columbia University. Don Dotson – President & CEO The management team at Vencer is led by President & CEO, Don Dotson who has 32 years of energy industry experience, both as an engineer and, latterly, in key management positions. Despite the obvious success of Taylor’s tenure at Vitol, which now trades more than 7 million barrels of crude and petroleum products a day, the new CEO faces significant challenges. Though physical trading, logistics and distribution are at the core of the business, these are complemented by refining, shipping, terminals, exploration and production, power generation, and retail businesses. Updates with details about Benghazi deal in 10th paragraph. Vitol is an energy and commodities company. My Mother’s Gone’: How One Family Is Coping With Loss. For over 50 years we have used our networks and infrastructure to manage the flow of energy around the world, efficiently and responsibly. Vitol pleaded guilty in the Supreme Court of the State of New York. Yingchuan Wu, (Phd.) We are always keen to hear from talented individuals. Amid Vitol’s soaring growth and profits, Taylor remained at the front lines of the firm’s day to day operations. 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