World Fuel Services changes name to World Kinect; reflects company’s ongoing transformation into a diversified energy and solutions provider
Read Time 2 MinutesWorld Fuel Services Corporation announced it has changed its corporate name to World Kinect Corporation.
The Company’s shareholders approved the name change during a June 15th Annual Meeting. The Miami-based company began trading under its new name and ticker symbol (NYSE: WKC) on June 16, 2023.
This change is intended to better reflect the Company’s ongoing transformation into a more resilient, diversified energy and solutions provider. As the energy transition unfolds, this name change reflects the company’s commitment to continue evolving alongside their customers. World Connect has vowed to support their customers core energy requirements, while also meeting their growing energy transition needs with an expanding portfolio of products and services, empowering them to navigate their sustainability journeys most successfully.
Headquartered in Miami, Florida, World Kinect Corporation is a leading global energy management company, offering a broad suite of energy advisory, management and fulfillment services, digital and other technology solutions, as well as sustainability products and services across the energy product spectrum.
In addition to core energy offerings to customers in the transportation sector, World Kinect has expanded their product and service offerings to include energy advisory services, sustainability and renewable energy solutions, as well as supply fulfillment for natural gas and power. The company continues to focus on advancing the energy transition to lower carbon alternatives through expanding their portfolio of energy solutions and providing customers with greater access to sustainably sourced energy.
“For nearly 40 years we have been dedicated to providing a comprehensive and reliable supply of energy, logistics and finance solutions for aviation, marine and land-based customers worldwide,” said Michael J. Kasbar, Chairman and Chief Executive Officer.
“Through our relationships with more than 150,000 customers globally, we are uniquely positioned to understand their operational requirements and provide innovative products, services and digital solutions to meet their evolving needs. Our new name, World Kinect, represents our role as a bridge, connecting our customers to the resources, expertise and support they need to successfully navigate their energy transition journeys.”
Company executives will ring the New York Stock Exchange closing bell today to celebrate this occasion. The Company will discuss this name change and broader corporate strategy at a forthcoming Investor Day event. Further details will be provided shortly.
New name and a new ticker symbol — hear what World Kinect Corporation CEO Michael Kasbar has to say about this next step in the company’s journey and what he’s focused on for the future. See below.