Fuels

CFN Names New President

Lind succeeds Phillips at fueling network

SAN MATEO, Calif. -- Commercial Fueling Network (CFN) has appointed Eric Lind as its new president.

Eric brings a unique blend of experience. He knows the industry. He knows CFN. And he knows how to manage relationship-intensive businesses, said Ron Clarke, chairman and CEO of CFN parent company FleetCor.

For the past five years, Lind served as president of Pettit Oil, a regional player in the Northwest in cardlock fueling, lubricants and the transportation and distribution of branded and unbranded fuels. His industry pedigree [image-nocss] also includes 17 years with Pacific Northern Oil, working his way up through positions of increasing responsibility to co-president of the company.

Lind will take over from Bob Phillips, who has served as president of CFN since March 2004. Phillips helped lead CFN's growth over the past three years and managed the company through technological and service improvements, and the introduction of a new multi-network product, the FleetWide card, accepted at 33,000 commercial fueling locations across North America. Phillips will work closely with Lind to ensure a smooth transition over the coming months.

San Mateo, Calif.-based CFN offers fuel card processing solutions to petroleum marketers and their fleet customers. A subsidiary company of FleetCor, CFN is comprised of 350 independent petroleum marketer members with a network of more than 3,000 commercial fueling locations across North America.

FleetCor, Atlanta, is owned by a group of institutional private-equity investors including Bain Capital, Summit Partners, and Advent International. It is the major fuel card processor serving more than 500,000 business fleets and approximately three million cardholders in the United States, Canada and Europe. FleetCor's card programs are marketed under brand names including CCS, CFN, Keyfuels, FleetNet, FleetSource, FleetWide, Fuelman and Mannatec.

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