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Michael Kasbar is chairman, president and chief executive officer of World Fuel Services Corporation and a member of the company’s board of directors.
Kasbar assumed his current officer role on January 1, 2012. Prior to this role and since 2002 he was President and Chief Operating Officer and is considered the driving force behind the company’s aggressive acquisition strategy and quest for operational excellence
He joined World Fuel in 1995 as a director and chief executive officer of the marine segment. Prior to joining the company, Kasbar and his partner, Paul Stebbins, co-founded Trans-Tec Services, Inc., a global marine fuel services company acquired by World Fuel in 1995.
Kasbar began his career in the energy industry with KPI, a marine fuel brokerage company in New York. In 1983, Mr. Kasbar started Gray Bunkering Services which purchased marine fuel and lubricants for a large in-house shipping fleet while providing brokerage services.
He received a bachelor’s degree in environmental science from State University of New York at Plattsburgh.