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Aegean appoints interim chairman and president as Georgiopoulos steps down

Georgiopoulos and John Tavlarios leave the board after failing to secure a majority vote in last week's director election.





Updated on 16 Jun 2017 15:55 GMT

Aegean Marine Petroleum Network Inc. today announced that its board of directors has appointed Yiannis Papanicolaou as interim chairman of the board, effective immediately. He succeeds Peter Georgiopoulos.

Georgiopoulos and John Tavlarios have both stepped down from the board after both were unable to secure majority vote in last week's director election. They are to continue to work with the board as consultants to facilitate the company's senior management transition.

Additionally, Jean Jose ('JJ') Metey has been appointed interim president, effective immediately. Metey joined Aegean in 2006 and most recently served as Director of Corporate Development.

Aegean said that it was still in the process of carrying out a "comprehensive search process" to identify a new permanent president.

Commenting on his appointment, Papanicolaou said: "Since joining the board in 2006, I have worked collaboratively with my fellow directors and the management team, and I look forward to serving as interim chairman during such an important time and safeguarding a smooth transition until the appointment of a permanent chairman.

"As an executive at Aegean for more than 11 years, I believe JJ is well suited to assume the role of president on an interim basis while the board continues a thorough search to identify the right candidate to lead the company and achieve future growth."

Metey remarked: "I am honored to take on the role of interim president, and look forward to working with the rest of the talented management team as we continue to serve our clients across the globe and drive value for shareholders."

Jean Jose Metey - Career Summary

Metey, Director of Corporate Development at Aegean, has more than thirty years of management and executive experience in the oil and servicing industry. Prior to joining Aegean in 2006, he spent more than twenty years in various roles with BP, including Head of Bunkering with BP France and General Manager of Business Development at BP IST (International Supply and Trading).

Yiannis Papanicolaou - Career Summary

Papanicolaou has been a member of Aegean's Board of Directors since 2006 and serves as chairman of Aegean's compensation committee and a member of the audit committee and nominating and corporate governance committee. Prior to joining Aegean, he Papanicolaou served as Director General of the International Center for Black Sea Studies and as Alternate Governor of Greece at the Black Sea Trade and Development Bank.

Papanicolaou spent his earlier career serving in various government positions, including Chief Economic Advisor to the Prime Minister of Greece, Chairman of the Council of Economic Advisors to the Ministry of National Economy and Special Advisor to the Minister of Foreign Affairs of the Hellenic Republic. He has also served as a chairman, deputy chairman, director, and consultant to various European companies.






Related Links:

Georgiopoulos fails to secure majority vote in Aegean director election
Nikolas Tavlarios steps down as president of Aegean Marine Petroleum
Aegean announces plan to cut annual operating costs by $20 million
Aegean Marine Petroleum's share price plummets more than 30%
Aegean posts 88.1% drop in net income despite rise in revenue, sales volume
Aegean Marine Petroleum S.A.
Greece

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