Michael
Kasbar studied at the State University of New York at Plattsburgh and earned a
bachelor’s degree in environmental science. He decided to go into the energy
sector and became a marine fuel broker in New York in 1978. Michael established
Gray Bunkering Services, a marine fuel and lubricants company in 1983.
He
then co-founded Trans-Tec Services, Inc. with his partner, Paul Stebbins. This
firm was a global marine fuel services company which was acquired by World Fuel
Services in 1995. Michael subsequently joined World Fuel Services as Director
and Chief Executive Officer of the marine segment.
He
has served as President and Chief Operating Officer of World Fuel Services and
was responsible for driving the firm’s aggressive acquisition strategy and
quest for operational excellence. In
2014, Michael assumed
his present role as Chairman, President and Chief Executive Officer of the
firm.
Today,
World Fuel Services is a global
player in the downstream marketing and financing of aviation, marine, and
ground transportation fuel products and related services. In more than 8,000
locations around the world the firm’s team of local professionals delivers
innovative fuel solutions and logistics.
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