Parent of Broker, Wholesale Marketer Names New COO, EVP

World Fuel Services Corporation announced the appointment of Jeff Smith as Executive Vice President and Chief Operating Officer of the company.

Smith most recently served as Chief Information Officer of International Business Machines Corporation (IBM) from August 2014 through May 2017, where he was responsible for managing all front and back office systems and support for multiple domains including digital, supply chain, manufacturing, financial, and application services.

Prior to joining IBM, Smith served as Chief Executive Officer of Suncorp Business Services, part of Suncorp Group Limited, from July 2010 to August 2014, and Chief Information Officer from March 2007 to July 2010. Smith has also held senior executive roles in a number of companies including Telstra Corporation and Honeywell.

World Fuel Services Corporation is the parent of electricity and natural gas procurement advisors and brokers Kinect Energy Group and U.S. Energy Services, Inc.

World Fuel Services is currently also licensed to provide competitive natural gas services in Iowa with operations in the Black Hills Energy, Interstate Power and Light Company, and MidAmerican Energy Company service territories. In 2016 World Fuel Services supplied over 6.5 million Mcf in Iowa with sales to an average of 10 unique large industrial customers per month.

World Fuel Services is the parent of Beach Front Energy Holdings Company, LLC, whose BFE Scheduling, LLC unit has previously held retail electric supplier licenses