KSS Fuels Strengthens Management Team Following Acquisition of MPSI

Revised structure accommodates expanded operations, broader suite of products, services

FLORHAM PARK, N.J. -- KSS Fuels has completed a restructuring of its management organization brought about by the recent acquisition of MPSI. The newly structured management team led by Bob Stein, president and chief executive officer, has reallocated group-wide resources to support the revised strategy and expanded offerings.

As a result, KSS Fuels said that it is now able to move forward "as the only global fuels pricing, network planning and data analytics technology provider" and to begin delivering new products and services to its customers.

Key changes to the management team include the following:

Ray Corcoran will take on the role of senior vice president of global professional services, to oversee the implementation of the company's products and services, as well as to ensure that customers are deriving maximum ongoing value, post-implementation. He will also oversee the development function of the company in his new role.

David McCaffrey, senior vice president of research, will be responsible for the direction and delivery of the scientific technologies underpinning the company's products and services.

Ian Thompson and Bryan Porto will lead the sales teams as senior vice president of sales for the United States, Europe and Rest of World, respectively. Each will be responsible for delivering on the commercial strategy and the day-to-day management of the sales teams.

Gail Hay will be responsible for managing the company's resources and office infrastructure as the senior vice president of human resources and central services.

Mark Hawtin will help drive company strategy and provide direction to its business development and marketing activities as the senior vice president of business development, strategy and marketing.

Brad Ormsby, CFO, will be responsible for overseeing the financial activities of KSS Fuels.

Axel Kirstetter joins KSS Fuels in the new role of product strategist. Responsible for identifying and delivering overall product and market strategy, Kirstetter will set the direction for the existing products as well as determining new product and service offerings and new markets that will drive the growth of the company into new sectors.

"I am delighted with the progress we've made and very confident that the company is now structured to deliver on its strategy. We have a hugely talented team of people across the organization and a rich legacy of delivering high value services to customers in over 80 countries to draw upon. We are now poised to take KSS Fuels into a new chapter in its history," said Bob Stein president and CEO.

KSS Fuels is a global provider of fuels pricing, site evaluation and network planning software, analytics and consulting services to companies in the oil and gas, convenience store, grocery and retail industries. KSS Fuels helps fuel suppliers, distributors and marketers implement effective pricing solutions and increase the profitability of their networks through the application of demand modeling technologies and services designed to support strategic planning and operational decisions. The company has its U.S. headquarters in Florham Park, N.J., and international headquarters in Manchester, U.K.

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