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


Cautionary Statement 

This announcement is not being made in and copies of it may not be distributed or sent into any jurisdiction where distribution would be unlawful. 

The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Issuer does not intend to register any of the securities in the United States or to conduct a public offering of the securities in the United States. 

This communication does not constitute an offer of the securities referred to herein to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the securities referred to herein. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to

as “Relevant Persons”). Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents. 

Forward-looking statements 

Some of the information included in this announcement contain forward-looking statements. You can identify these forward-looking statements by use of words such as “strategy,” “expects,” “continues,” “plans,” “anticipates,” “believes,” “will,” “estimates,” “intends,” “projects,” “goals,” “objectives,” “guidance,” “targets,” “forecasts” and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. Although Puma Energy believes that the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. The matters discussed in these forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results and trends to differ materially from those made, projected, or implied in or by the forward-looking statements depending on a variety of uncertainties or other factors.



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