SPOTLIGHT ON THE CEO
10 Questions With Michael Kasbar, Chairman and Chief Executive Officer of World Kinect Corporation
In this issue of IR Update, we profile Michael Kasbar, Chairman and Chief Executive Officer of World Kinect Corporation and a member of the company’s Board of Directors. Kasbar has served as Chief Executive Officer since 2012 and
assumed the role of Chairman in 2014. Previously, he served as President and Chief Operating Officer, responsible for driving the company’s aggressive acquisition strategy and quest for operational excellence. He joined World Kinect Corporation in 1995 as Chief Executive Officer of World Fuel Services Americas, Inc., which at the time was the company’s principal subsidiary engaged in the marine fuel services business. 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 Services. Thanks to Elsa Ballard, Vice President, Investor Relations & Communications, World Kinect Corporation, for arranging this interview.
8 WI N T E R 2 0 24 ■ IR UPDAT E
IRU: What is the most meaningful or memorable experience you’ve had in your career and why? Kasbar: Te most meaningful experiences to me are when I see a diverse group of individuals coming- together from around the world and working in a coordinated, seamless fashion. And then proposing innovative ways to solve customers’ problems. We are a global company so it’s crossing time zones. It’s crossing disciplines. And it’s bringing things together. It’s like a symphony—everyone does their part. It’s extremely satisfying and gratifying to see that happen.
IRU: How do you handle failures or setbacks, and what lessons have you learned from those experiences? Kasbar: You certainly learn a lot more when you don’t hit the ball. When that happens, we gather and make sure that we understand what the learnings were, where we didn’t execute as well as we could have, and emerge a bit stronger. Failure is a tremendous opportunity. It forces teams to work together and to overcome. It makes us a stronger organization by overcoming these things. Tat’s a powerful lesson.
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