Aegean Marine Petroleum Network Inc. announced that its Board of Directors has appointed Yiannis Papanicolaou as interim Chairman of the Board, effective immediately. Mr. Papanicolaou succeeds Peter Georgiopoulos as Chairman. Mr. Georgiopoulos and John Tavlarios have stepped down from the Board, effective immediately, and have agreed to continue to work with the Board as consultants to facilitate the Company’s senior management transition.

The Company also announced that the Board has appointed Jean Jose (“JJ”) Metey as interim President of Aegean, effective immediately. Mr. Metey joined Aegean in 2006 and most recently served as Director of Corporate Development. Mr. Metey will be supported by Aegean’s senior management team, who will assist in overseeing the Company’s operations and strategy. The Company continues to engage in a comprehensive search process to identify a new permanent President.
“Since joining the Board in 2006, I have worked collaboratively with my fellow directors and the management team, and I look forward to serving as interim Chairman during such an important time and safeguarding a smooth transition until the appointment of a permanent Chairman,” said Mr. Papanicolaou. “On behalf of the Company, I want to thank Messrs Georgiopoulos and Tavlarios for their contributions to Aegean throughout the years and wish them well in their future endeavors.”
Mr. Papanicolaou continued, “As an executive at Aegean for more than 11 years, I believe JJ is well suited to assume the role of President on an interim basis while the Board continues a thorough search to identify the right candidate to lead the Company and achieve future growth.”
“I am honored to take on the role of interim President, and look forward to working with the rest of the talented management team as we continue to serve our clients across the globe and drive value for shareholders,” said Mr. Metey.

Mr. Metey, Director of Corporate Development at Aegean, has more than thirty years of management and executive experience in the oil and servicing industry. Prior to joining Aegean in 2006, Mr. Metey spent more than twenty years in various roles with BP, including Head of Bunkering with BP France and General Manager of Business Development at BP IST (International Supply and Trading).
Mr. Papanicolaou has been a member of Aegean’s Board of Directors since 2006 and serves as Chairman of Aegean’s compensation committee and a member of the audit committee and nominating and corporate governance committee. Prior to joining Aegean, Mr. Papanicolaou served as Director General of the International Center for Black Sea Studies and as Alternate Governor of Greece at the Black Sea Trade and Development Bank. Mr. Papanicolaou spent his earlier career serving in various government positions, including Chief Economic Advisor to the Prime Minister of Greece, Chairman of the Council of Economic Advisors to the Ministry of National Economy and Special Advisor to the Minister of Foreign Affairs of the Hellenic Republic. Mr. Papanicolaou has also served as a chairman, deputy chairman, director, and consultant to various European companies.
Source: Aegean Marine Petroleum Network Inc.