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Chemoil has announced today that as part of its efforts to build upon the company’s strengths and expand its business reach, it has promoted various Chemoil veterans and brought in experienced professionals to help lead the company towards sustainable growth.

Tom Reilly, who was appointed Chemoil’s new CEO in January 2011, said "Chemoil is entering the next phase of growth and I am excited to be working with a new talented management team that comprises not only of dedicated employees whose commitment help make Chemoil one of the leading energy suppliers today, but also experienced industry veterans from outside of Chemoil with successful track records. Together we aim to translate our efforts into expanded growth and sustainable profitability for Chemoil."

The new management appointments see Mats Berglund joining Chemoil as its Chief Financial Officer and Chief Operating Officer for the Group with effect from March 3, 2011.

Prior to this appointment, Berglund was Senior Vice President at OSG, the international shipping company listed on the New York Stock Exchange (NYSE), with responsibility for its extensive cargo fleet, and has also held the position of President of Stena Rederi AB. At Concordia Maritime AB, Berglund was Vice President and CFO of the listed tanker company, and he also structured and led Arlington Tankers’ IPO on the NYSE.

Reilly commented, "Mats has both extensive financial and business experience which are key to Chemoil’s restructuring for strategic growth in 2011. We had worked together when Mats was President of StenTex LLC – a joint venture between Stena and Texaco – and I know his results-oriented industry will be a great asset to Chemoil."

Sanjay Anand, who was Managing Director for Asia and Vice President of Shipping and Logistics, has been promoted to Senior Vice President of Global Operations to reflect his expansive oversight of the company’s growing worldwide footprint. Mr Anand has almost 40 years of industry experience, and had founded Link Marine Pte Ltd., a shipping services provider, which was acquired by Chemoil in 2007. Anand, will report to the CEO.

"Sanjay Anand is a good example of Chemoil’s senior leadership development, especially for those whose tenacity had helped the company through the recent challenging years. Sanjay has demonstrated excellence in managing some of Chemoil’s strongest assets and I am sure that he will continue to play an even greater role in our senior leadership team as we continue to expand our operations," explained Reilly.

In addition, S I Shim, who was formerly Managing Director for Asia at OceanConnect, has been named Managing Director of OceanConnect Marine, a Chemoil-acquired bunker trading entity. Shim will report directly to the CEO, who added that Mr Shim’s success in every aspect of bunker trading for over thirty years will positively impact OceanConnect Marine’s global growth as an autonomous bunker trading group within Chemoil’s stable of companies.

Raymund Murga, currently Finance Director for Chemoil has also been promoted to Vice President, Finance. The appointment will see him take on greater responsibilities beyond his current role heading corporate finance, treasury and investor relations functions at Chemoil. Murga holds an MBA from The Wharton School, University of Pennsylvania, and had worked in the investment banking industry prior to joining the company.

Vasanth Kumar, currently Director of Risk Management, is promoted to Director of Global Commercial and Corporate Risk. This is an expanded role in recognition of Chemoil’s increasing worldwide operations and the emerging opportunities in various parts of the globe which the company will be exploring this year, the company said. Kumar is said to have been instrumental in the development of Chemoil’s global risk management team and has held various positions within the Chemoil group in the last 10 years.

This management reshuffle follows the recent January 15th announcement on Ms Michele Swanson, who had joined Chemoil as the Vice President of Administration, and was recently appointed the expanded role of Vice President of Administration and Human Resources. Ms Swanson’s global responsibilities will include personnel administration matters such as compensation, internal policies and HR enterprise system.

All the executives mentioned are currently senior managers at Chemoil, except for Mr Mats Berglund, who has just joined Chemoil partly to take over from Mr Jerome Lazatin Lorenzo. Lorenzo has resigned from the position as Chief Financial Officer, effective March 3, 2011 to pursue his personal interests. He has been with Chemoil for over a decade and had held various positions in the Chemoil Group, including General Manager of Berkshire Energy Ltd, Director of Chemoil Europe BV, Head of Finance as well as Treasurer, both with Chemoil Corporation.

Reilly added, “Jerry had served with distinction during his long tenure, and I am sure we will all miss his professionalism and guidance. We are greatly appreciative of his contributions during his nearly 14 years with Chemoil. The Chemoil Board, management and staff wish him the very best in his future endeavors.”