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Leading marine, aviation and land fuel specialist World Fuel Services Corporation has today announced that it has appointed Abby F. Kohnstamm to the Board of Directors of the company.

Ms. Kohnstamm, 58, is the President and founder of Abby F. Kohnstamm & Associates, Inc., a marketing and consulting firm.

Prior to establishing her company in January 2006, Ms. Kohnstamm served as Senior Vice President, Marketing (Chief Marketing Officer) of IBM Corporation from 1993 through 2005. In that capacity, she had overall responsibility for all aspects of marketing across IBM on a global basis. She was also a member of the Corporate Executive Committee, which advised the Chairman and CEO on policy issues and the management of IBM, and a member of the Strategy Team, which focused on IBM’s strategic direction and emerging business opportunities.

Before joining IBM, Ms. Kohnstamm held a number of senior marketing positions at American Express from 1979 through 1993. Since July 2001, Ms. Kohnstamm has been a member of the Board of Directors of Tiffany & Co. where she currently serves on the Compensation, Audit, Nominating/Corporate Governance and Corporate Social Responsibility committees. Ms. Kohnstamm is also a member of the Board of Directors of the Roundabout Theatre Company and is a Trustee Emeritus of Tufts University after serving 10 years on the Board of Trustees.

“Abby brings to our board a wealth of experience in global marketing and the strategic use of technology in business. She joins us at an exciting period of growth and transformation at World Fuel and we could not be more pleased,” said Paul H. Stebbins, Executive Chairman of the Board of Directors.

Ms. Kohnstamm will serve as a member of the Compensation, Technology and Operations and Governance committees.