MIAMI--(BUSINESS WIRE)--Oct. 17, 2017--
World Fuel Services Corporation (NYSE: INT) today announced the
appointment of Jeff Smith as Executive Vice President and Chief
Operating Officer of the company.
With more than thirty years of corporate experience, Mr. Smith brings to
World Fuel Services extensive operational and management experience in
driving global transformation to complex operating models. Mr. Smith
most recently served as Chief Information Officer of International
Business Machines Corporation (“IBM”) from August 2014 through May 2017,
where he was responsible for managing all front and back office systems
and support for multiple domains including digital, supply chain,
manufacturing, financial, and application services. Mr. Smith has also
led both information technology and corporate business strategy in his
roles as Chief Information Officer or Chief Executive Officer of large
complex organizations in telecommunications, technology and financial
services, including Suncorp Business Services, Telstra Corporation and
Honeywell.
“We are excited to have Jeff join us to accelerate our digital
transformation,” said Michael J. Kasbar, chairman and chief executive
officer. “His expertise in bringing agility to business teams will be
instrumental in driving improved operational performance to provide an
exceptional experience for our customers and suppliers.”
Information Relating to Forward-Looking Statements
This release includes forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including
statements regarding our expectations about our digital transformation
and driving improved operational performance. These forward-looking
statements are qualified in their entirety by cautionary statements and
risk factor disclosures contained in the company’s Securities and
Exchange Commission (“SEC”) filings, including the company’s Annual
Report on Form 10-K filed with the SEC on February 21, 2017. Actual
results may differ materially from any forward-looking statements due to
risks and uncertainties, including, but not limited to: our ability to
effectively leverage technology and operating systems and realize
anticipated benefits of digitizing our business, our ability to
successfully execute and achieve efficiencies and other benefits related
to our transformation initiatives, our ability to integrate and derive
benefits from acquired businesses, our ability to capitalize on new
market opportunities, the impact of quarterly fluctuations in results,
the creditworthiness of our customers and counterparties and our ability
to collect accounts receivable, fluctuations in world oil prices or
foreign currency, changes in political, economic, regulatory, or
environmental conditions, adverse conditions in the markets or
industries in which we or our customers and suppliers operate, potential
liabilities and the extent of any insurance coverage, the outcome of
pending litigation and other proceedings, our failure to effectively
hedge certain financial risks associated with the use of derivatives,
non-performance by counterparties or customers on derivatives contracts,
loss of, or reduced sales, to a significant government customer,
uninsured losses, the impact of natural disasters, adverse results in
legal disputes, unanticipated tax liabilities, our ability to retain and
attract senior management and other key employees and other risks
detailed from time to time in the company’s SEC filings. New risks
emerge from time to time and it is not possible for management to
predict all such risk factors or to assess the impact of such risks on
our business. Accordingly, we undertake no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, changes in expectations, future events, or otherwise.
About World Fuel Services Corporation
Headquartered in Miami, Florida, World Fuel Services is a global energy
management company involved in providing energy procurement advisory
services, supply fulfillment and transaction and payment management
solutions to commercial and industrial customers, principally in the
aviation, marine and land transportation industries. World Fuel Services
sells fuel and delivers services to its clients at more than 8,000
locations in more than 200 countries and territories worldwide.
For more information, call 305-428-8000 or visit www.wfscorp.com.
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Source: World Fuel Services Corporation
World Fuel Services Corporation
Ira M. Birns, 305-428-8000
Executive
Vice President & Chief Financial Officer
