Aegean Marine Petroleum Network Inc. announced three significant executive appointments and the establishment of a new Management Committee. Together these actions represent important progress rebuilding Aegean's senior leadership team: Kostas Polydakis, formerly Aegean's Managing Director, Shipping, has been promoted to Chief Operating Officer; John G. Mystakidis, formerly a partner at Ernst & Young and most recently a full-time consultant to the Company, has joined the Company as its Group Financial Controller and Interim Chief Financial Officer; and Sal Drago, formerly Aegean's Global Director of Supply and Trading, has rejoined the Company in the same role. The new Management Committee will consist of Aegean President Jonathan McIlroy and Messrs.

Polydakis, Mystakidis and Drago. Both the Company's previous COO Manolis Chochlakis, who was appointed to the position in December 2017, and the previous CFO Pavlos Papageorgiou, appointed in April 2018, have left the Company. Kostas Polydakis has more than 20 years of experience in the shipping industry, including nearly 12 years at Aegean.

Most recently as Managing Director of Shipping, he oversaw the creation of the Company's shipping division, growing it to a fleet of 50 tankers. John Mystakidis brings more than 25 years of experience in financial reporting, financial management and auditing. He has supported and advised clients with significant cross-border presences and foreign operations.

During 11 years at Ernst & Young, he acted as Lead Partner to multiple large Greek and multinational companies, helping them to address and resolve critical financial issues. Sal Drago has over 25 years of experience trading fuel oil, feedstock and fuel blending components for key global bunkering locations. From 2013 Mr. Drago served as Aegean's Global Director of Supply and Trading, the position to which he has returned, leading the Company's arbitrage cargo movements, fuel oil blending and risk management efforts.