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Vopak Terminal Bahamas Announces Change in Management
By Maxwell Sweeting
Aug 15, 2009 - 4:33:50 PM

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Freeport, Grand Bahama - Bahamas Oil Refining Company International Ltd. (dba Vopak Terminal Bahamas) today announced the resignation of Mr. Thijs Jan Huizer as Managing Director of BORCO, effective October 1, 2009. The announcement at the same time named Mr. Raymond Jones, formerly COO at Freeport Container Port as his replacement.

Mr. Pieter Bakker, Chairman of the Board of Directors of Bahamas Oil Refining Company International Ltd. said that the Board accepted the resignation of Mr. Huizer who resigned to pursue new career opportunities, and thanks him for his leadership, dedication and hard work during the recent dynamic and turbulent period of the company.

Mr. Jones will join the company on September 1, 2009 and after a handover period will formally take over the responsibilities as Managing Director on October 1, 2009.

Mr. Bakker, who retired as Division President of Vopak North America on May 1, 2009 after 12 years of service and joined First Reserves as Chairman of the Board, said the Board is looking forward to working with Mr. Jones and wishes him and the completed team at BORCO/Vopak Terminal Bahamas success for the continued challenges ahead.

The Board also announced that Mr. Dick Richelle, who served as Managing Director of Vopak Oil Rotterdam, as of May 1, 2009, has been appointed Division President of Vopak North America, replacing Mr. Pieter Bakker. He will be part of the Board and will play an active role in the management of BORCO/Vopak Terminal Bahamas. Mr. Richelle reports to John Paul Broeders, Chairman of the Executive Board of Royal Vopak.

Tom Sikorski of First Reserve stated, “We are extremely please with the additions to the management team and Board of Directors of BORCO. Raymond brings a unique set of experience and skills to the Company and we look forward to his contribution. Pieter and Dick are experienced terminal managers and operators and should add depth and breadth to our Board. All three additions should continue to position BORCO to expand and grow”.

Mr. Bakker started his career at Vopak as Managing Director of Van Ommeren Tank Terminal Mercosur in Brazil. During his career he successfully developed the regional terminal network as Division President Latin America.

Mr. Richelle worked in various management positions in Vopak where he started his career 14 years ago. He worked extensively with Mr. Bakker in Latin America and views his new assignment as a grand adventure in these interesting and exciting times.

“We are excited about the opportunities that we see at Vopak Terminal Bahamas and are committed to the development of this facility into a world class terminal,” said Mr. Richelle.

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