Minerva Bunkering Names Tyler Baron as CEO

Maritime Activity Reports, Inc.

April 26, 2019

Image: Mercuria Energy Group

Image: Mercuria Energy Group

Minerva Bunkering, formerly Aegean Marine Bunkering Network now a fully-owned subsidiary of Mercuria Energy Group, appointed Tyler Baron as the Chief Executive Officer (CEO).

Baron will be based in Geneva, and will oversee Minerva’s global business operations across Europe, the Americas and Asia, said a press note from the physical supplier of marine fuels.

“Given Tyler’s history with and dedication to the company, as well as his breadth of experience in financial markets and capital allocation, he is the ideal candidate to lead Minerva Bunkering,” said Magid Shenouda, Global Head of Trading at Mercuria.

“Through his leadership the new Minerva is positioned for success through a customer centric global platform and dedicated team of employees. As we continue strengthening our business, we are confident that Tyler and the Minerva team will execute on the Company’s strategic vision, provide best-in-class solutions to our customers and deliver value for our shareholders," Magid added.

“Minerva will play a role in the transition of the marine fuels market, which is undergoing significant structural change, accelerated by the introduction of IMO 2020,” said Baron.

“As part of Mercuria, Minerva Bunkering is one of the industry’s most credit-worthy counterparties, leveraging a global physical supply network and sales organization with the risk-management, structured finance, and trading capabilities of Mercuria. I look forward to capitalizing on the significant progress we have been able to achieve and increasing the value we deliver to our clients and partners,” he added.

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