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Leading marine fuel and lubricants supplier Aegean Marine Petroleum Network Inc. has announced that it has added George J. Konomos to its Board of Directors.

The appointment of Mr. Konomos, who will serve as Chairman of the company's Audit Committee, means Aegean now has a total of seven Directors.

Mr. Konomos, aged 69, has approximately 35 years of financial experience. He is currently a senior advisor with Latigo Partners L.P., an alternative asset manager, and serves on the Board of Directors for General Maritime Corporation.

From 2000 to 2005, Mr. Konomos was the Co-Portfolio Manager at Mellon-HBV Rediscovered Opportunities Fund.

His experience prior to joining Mellon-HBV includes 11 years as an Investment Manager at Baker Nye Investments, service as a senior advisor to the World Bank on privatizations and financial restructurings of state-owned companies and a 14-year career in investment banking at Lehman Brothers and Samuel Montague & Co.

Commenting on the appointment, Peter C. Georgiopoulos, Chairman, said, "We are delighted George Konomos has joined Aegean's Board of Directors. His extensive financial and capital markets experience further strengthens and complements our Board. We look forward to working with George as Aegean seeks to further expand its position as a leading global independent physical supplier of marine fuel and drive long-term shareholder value."

Mr. Konomos has a B.S. in economics from the University of Arizona, an M.A. in economics from American University, and a J.D. from George Washington University Law School.