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Fri 20 Jun 2008, 08:03 GMT

Aegean appoints new CFO


US-listed supplier announces CFO Ziad Nakleh is leaving to pursue other interests.

Aegean Marine Petroleum Network Inc (AMPNI) has announced that it has named Spyros Gianniotis as the Company's new Chief Financial Officer effective September 1 2008. Mr. Gianniotis succeeds Ziad Nakhleh, who has decided to pursue other interests.

Mr. Gianniotis, 47, has more than 20 years of finance experience. For the last seven years, he served as the Assistant General Manager and Head of Shipping at Piraeus Bank, A.E. where he managed a portfolio of more than $3.5 billion. From 1989 to 2001, Mr. Gianniotis worked for Citibank N.A. in both New York and Athens and held the position of Vice President, Senior Relationship Manager.

Peter C. Georgiopoulos, Chairman of AMNI said "We are delighted Spyros has agreed to join Aegean as the Company's new chief financial officer. His strong financial background and business experience will serve as a valuable asset as we continue to execute our well-capitalized growth plan. I would like to thank Ziad for his contributions and wish him well in future endeavors. We are pleased that he will remain with the Company on an interim basis to ensure a smooth transition."

Mr. Gianniotis received a BA in Economics & Sociology from Queens College and an MBA in Finance from Wagner College. He also received an MS in Transportation Management from NY Maritime College in 1985.

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