Press releases
Marquard & Bahls expands Executive Board
Hamburg, September 17, 2008 – In recent years Marquard & Bahls has been growing significantly in both, its existing and new divisions. In view of the increase in workload connected to this growth, the company’s Executive and Supervisory Board have decided to increase the number of Executive Board members from two to a total of four.In addition to Wim Lokhorst (Chief Executive Officer) and Claus-George Nette (Chief Administrative and Financial Officer), two new members have been appointed to the Executive Board: Christian Flach and Gust Spaepen, both have served Marquard & Bahls for many years.
In addition to their new responsibility Christian Flach and Gust Spaepen will remain Managing Directors of Mabanaft and Oiltanking respectively.
This measure will enhance representation of the company’s two core divisions – trading and tank storage – in the Executive Board of Marquard & Bahls in the future.
Marquard & Bahls has been operating in the international energy and oil business since 1947 and is a leading independent petroleum company. The company’s core competencies include: oil trading (Mabanaft), tank storage (Oiltanking), aviation fueling (Skytanking) and renewable energies (GEE Energy). With its 4,145 employees Marquard & Bahls achieved sales of 11.5 billion euros in the year 2007 and a profit before income taxes of 307 million euros. Marquard & Bahls is located in Hamburg, Germany.
For more information, please visit www.mbholding.com.
For media inquiries, please contact:
Heidi Pipo
Manager Corporate Communications
Marquard & Bahls AG
+49 (0)40 37004-255
heidi.pipo@mbholding.com
