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Leading marine fuel supplier Chemoil Energy Ltd announced on Wedneday that changes have been made to its Board of Directors after Singfuel Investment Pte., a wholly owned unit of Glencore, took a majority stake in the firm.

Chemoil said that effective 31st March 2010, Vivian Pearl Johnston Chandran, Sharon Stacey Johnston Chandran and Harrison Chang would be stepping down as non-executive directors.

Replacing them would be Glencore's representatives Raymond Joseph Bartoszek, Alexander Frank Beard and Mark Jonathan Catton.

In December 2009, the family of Chemoil founder Robert Chandran agreed to sell its majority stake in the company to Singfuel Investment Pte. The company purchased a 50.8 percent stake to gain key storage assets in Singapore and an important foothold in the bunker market.

Vivian Chandran, widow of Robert Chandran, had been a director of various companies within the Chemoil Group. She has also been an active board member within child health charity March of Dimes and a President and Board Member of the Asian American Women’s Alliance in the San Francisco Bay Area. She holds a Master of Arts degree in Transformative Learning and Change and a Master of Arts degree in Organization Development and Transformation from the California Institute of Integral Studies.

Sharon Chandran had worked within the Chemoil Group since 1999 and was in charge of managing the company's shipping operations in the Americas. Previously, she had worked in the Group’s Finance, Operations, Marketing, Chartering, and Trading divisions and had been a director of various companies within the Group. She attended the University of California at Berkeley.

Harrison Chang is Managing Director of Golden Gate Investment Management, part of Li & Fung Limited, a leading provider of international supply chain management and product sourcing services for leading consumer brands.

He has held various positions in private equity investments and senior management within the Hong Kong-listed company since joining in 1994. Previously, Mr Chang had worked with Coopers & Lybrand, Goldman Sachs & Co and Deloitte. He holds an MBA degree from Stanford University, a Masters degree in Accounting from New York University and Bachelor’s degree in Chinese Literature from Yale University.