Aegean appoints Manolis Chochlakis as COO

New COO aims to deliver cost savings and help generate future growth.

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Updated on 22 Dec 2017 12:07 GMT

Aegean Marine Petroleum Network Inc has announced the appointment of Manolis Chochlakis as the company's chief operating officer (COO) with immediate effect.

"Manolis is uniquely well-placed to step into this key role at an important juncture for the future development of Aegean's physical supply and back-to-back trading businesses. He has worked in a number of leading roles in Aegean's physical supply business and has been pivotal to the management and business development of Aegean in North and South America, while based in our offices in New York. We are confident that Manolis will be a driving force in the coming years at Aegean," said president Jonathan McIlroy.

Chochlakis has 26 years's experience in oil trading, operations, shipping and the bunker industry. His career at Aegean spans nine years in a variety of roles in the physical supply side of the business. He has spent the last three years in New York, where he has worked on the group's expansion in the Americas while also contributing to the oversight of Aegean's global oil storage facilities.

During his tenure in the United States, Aegean has launched its physical supply operations in Los Angeles and Long Beach, the US Gulf, as well as expanded its presence on the east coast from New York to Savannah, Georgia. The company has also inaugurated a back-to-back trading and supply center in Rio de Janeiro.

"I am excited to be stepping into this role and look forward to working with the rest of the senior management team as we reposition Aegean's global platform to deal with the challenges of today's bunker markets," Chochlakis said.

"As COO of Aegean Marine Petroleum, I will endeavor to deliver further upon the cost savings and operational efficiencies which have been our focus since mid-2017. I am confident that as COO in conjunction with our executive management, we can propel Aegean's future strategic growth and consolidate the group's position as the leading independent physical supplier of marine fuels worldwide," he added.

Commenting on the recently announced launch of a new bunker supply operation in Kiel Canal, Chochlakis said: "The new operation in Kiel underlines that Aegean is committed to expanding its global physical supply operations. Since our successful debut in the German market in Hamburg we have expanded our presence in the region by adding operations in Rostock in early 2017 and with the launch of Kiel in January 2018."

"In the course of 2018, the market will see more developments in the Aegean physical supply platform as we optimize the existing network and innovate in new locations."