Pierre Eladari to step down as Puma Energy CEO
15 Jun 2018
Singapore, 15 June, 2018 - Puma Energy Singapore Pte Ltd, the leading midstream and downstream energy company, today announced that Pierre Eladari is stepping down as CEO and will leave the company.
Pierre has been a driving force behind Puma Energy’s growth since joining the company (originally as part of Trafigura) in 2004. Under his leadership the company has become a leading player in fuel distribution around the world with a presence in 49 countries, $15.2bn of revenues in 2017 and more than 3,000 service stations globally. He will leave behind a strong platform for continued success.
Pierre Eladari commented: “It’s been an exciting journey building Puma Energy over nearly 15 years. I am very proud of the business the team has created and now is the time for a new CEO to come on board and help take the company to the next level.”
Graham Sharp, Puma Energy Chairman, commented: “On behalf of the Board, our employees and shareholders I would like to thank Pierre for his leadership and significant contributions to the company over the years. Puma Energy could not have reached its current position without Pierre’s drive and vision.”
The Board of Puma Energy is commencing a search for a successor. In the meantime, Pierre will continue in his role and the plan is that he will transition his responsibilities to the new CEO once s/he is on board.
For press queries, please contact:
Puma Energy Press Office
Tel: +44 7920453705
About Puma Energy
Puma Energy is a global integrated midstream and downstream oil company active in 49 countries. Formed in 1997 in Central America, Puma Energy has since expanded its activities worldwide, achieving rapid growth, diversification and product line development. The company directly manages over 8,200 employees. Headquartered in Singapore, it has regional hubs in Johannesburg (South Africa), San Juan (Puerto Rico), Brisbane (Australia) and Tallinn (Estonia).
Puma Energy owns and operates a network of 104 storage terminals, with a total capacity of 8.2 million m3, as well as more than 3,000 retail sites in Latin America, Africa and Asia Pacific and is present at 76 airports.
Puma Energy’s core activities in the midstream sector include the supply, storage and transportation of petroleum products. Puma Energy’s activities are underpinned by investment in infrastructure which optimises supply chain systems, capturing value as both asset owner and marketer of product. Puma Energy’s downstream activities include the distribution, retail sales and wholesale of a wide range of refined products, with additional product offerings in the lubricants, bitumen, LPG and marine bunkering sectors. Puma Energy also provides a robust platform for independent entrepreneurs to develop their businesses, by providing a viable alternative to traditional market supply sources.
Puma Energy Holdings Pte Ltd is rated Ba2 by Moody’s and BB by Fitch.
For further information visit: www.pumaenergy.com
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