Puma Energy Welcomes Mark Russell as New CEO

Puma Energy today announced the appointment of Mark Russell as the new Chief Executive Officer (CEO) of Puma Energy. Mark Russell has also joined the Puma Energy Board of Directors. Mark Russell and Hadi Hallouche will work together as Co-CEOs until the end of June to ensure a smooth transition.

The new appointment follows Puma Energy’s successful turnaround, where the Executive Management led a comprehensive restructuring that returned the company to profitability. This was achieved after Trafigura took a controlling stake and integrated Puma Energy into the Group in 2021.

Mark Russell will lead Puma Energy as it enters a new chapter of prudent growth. He brings extensive leadership, commercial and risk management experience from his roles with the Trafigura Group over the last two decades — most recently as Trafigura’s Head of Energy for Middle East and North Africa. Earlier in his career, Mark played a key role in developing Trafigura’s Africa fuel trading activity, as well as starting its bunkering business in West Africa.

René Médori, Chairman of Puma Energy said: “Mark’s focus on performance and delivery as well as his deep understanding of the downstream sector will be crucial as Puma Energy continues to actively manage market risks and capture new growth opportunities.”

“I would like to take this opportunity to thank Hadi Hallouche for his leadership at Puma Energy. The turnaround and improved financial performance mean Puma Energy is now well-positioned for long-term, sustainable growth and success.

Mark Russell said: “I am proud to have been appointed to lead Puma Energy and the talented teams across the world. It is a company with a diversified and important footprint across developing markets, where energy access remains a real and everyday challenge. I look forward to building on Puma Energy’s strong foundations and to deliver continued value for Puma Energy’s shareholders.”

Hadi Hallouche said: “It’s been a privilege to have led Puma Energy during such a transformative period in the company’s journey. I would like to thank the board for their support over the last few years. I would also like to thank the entire Puma Energy team for their hard work and dedication. I look forward to working with Mark during this transition and wish him all the best as he takes on his new role.”