Hamburg  |  29 June 2020  |  Press release

Jonathan Perkins to take over as CEO of Mabanaft

Effective July 1, 2020, Jonathan Perkins will take over as CEO of Mabanaft GmbH & Co. KG. He succeeds Tim Bullock, who will concentrate on growing his activities outside the company as non-executive director and advisory board member in the future.

Tim Bullock joined Mabanaft in April 2019, creating the position of Mabanaft CEO. He was instrumental in defining Mabanaft's strategy, which is focused on a downstream led expansion. This leaves Mabanaft well-placed to build for the future.

As of July 1, 2020, Jonathan Perkins, who has been CFO of the trading group since September 2019, will assume the role of Mabanaft CEO. Jonathan Perkins has more than 15 years of management experience across International Commodity Trading, Investment Banking and the Consulting Industry. Before joining Mabanaft, he held the position as General Manager of Global Finance & Treasury at Gazprom Marketing & Trading, a global energy trading business based in his home town London. 

"Tim Bullock's withdrawal is a loss to the Group, but we respect his decision. We are grateful for his contribution and wish him all the best. At the same time, we are pleased to have found in Jonathan Perkins an internal successor with excellent leadership qualities to successfully develop the Mabanaft trading group," comments Mark Garrett, CEO Marquard & Bahls.

Mabanaft GmbH & Co. KG is a subsidiary of Marquard & Bahls, an agile, independent holding company in the energy & chemical sector. As an international trading company with hubs in Germany, UK, USA, and Singapore, Mabanaft concentrates on physical wholesale, supply and trading of petroleum products. Furthermore, the company is active in the operation of service stations, heating-oil retail, lubricants, bunker services and the trading of natural gas liquids and biofuels.