Marquard & Bahls: New Management at Oiltanking

Dow Jones received a payment from EQS/DGAP to publish this press release.

DGAP-Media / 2019-03-01 / 17:07 
 
*With effect from April 2, 2019, Matti Lievonen will take over as CEO of 
Oiltanking GmbH. The current Managing Directors will step down in mutual 
agreement.* 
 
Following the successful development of the Oiltanking Group over several 
decades, the emphasis is now on continuing to grow strongly whilst focusing 
on driving productivity and efficiency by optimizing corporate structures 
and processes. On this basis, the chemical and gas business will be expanded 
in the near future. 
 
Matti Lievonen will take over as CEO of Oiltanking on April 2, 2019. From 
December 2008 to October 2018, he was President and CEO of Neste in Finland. 
During this period he not only multiplied the company's market value but 
also turned the regional refining company into the world's largest renewable 
diesel producer and the world's third most sustainable company. In addition 
to his wealth of experience in the biofuel and petroleum industry, his new 
role will also benefit from his knowledge on the technical optimization of 
business processes and the management of large international investment 
projects. 
 
After more than 4 years and by mutual agreement the current Managing 
Directors Koen Verniers and Daan Vos will step down whilst at the same time 
ensuring a successful hand over to Matti Lievonen. 
 
Over the past 22 and 18 years respectively, Koen Verniers and Daan Vos have 
given important impulses for the development of the company in various 
management positions at Oiltanking. In their current role as Managing 
Directors of Oiltanking, they have contributed to an enhanced strategic 
focus and the successful growth of the group and corresponding developments 
in gas. 
 
Already now the company would like to take this opportunity to sincerely 
thank them both for their great commitment and many years of service. 
 
Marquard & Bahls AG is a Hamburg-based company that operates in the fields 
of energy supply, trading and logistics. Its core lines of business include 
tank storage logistics, trading and aviation fuelling. Furthermore, the 
company is active in dry bulk handling, fuel analysis and gas supply. 
Through its subsidiaries, Marquard & Bahls has a presence in 36 countries in 
Europe, America, Asia and Africa and employs more than 7,500 people. 
( www.marquard-bahls.com [1] 
 
Media contact: 
 
Jörg Walter 
Head of Corporate Communication 
Marquard & Bahls AG 
Tel. [phone] 
[e-mail] 
 
End of Media Release 
 
Issuer: Marquard & Bahls AG 
Key word(s): Energy 
 
2019-03-01 Dissemination of a Press Release, transmitted by DGAP - a service 
of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
The DGAP Distribution Services include Regulatory Announcements, 
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Archive at www.dgap.de 
783013 2019-03-01 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=e27efe3375190c836d193479ad0cacf4&application_id=783013&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

March 01, 2019 11:07 ET (16:07 GMT)