Timothy Bullock Takes Helm as CEO of Mabanaft

With effect from April 18, 2019, Timothy Bullock takes over as CEO of Mabanaft GmbH & Co. KG. He replaces the current Managing Directors, who make their positions available by mutual agreement.

The global energy markets are in flux and international trading in particular has undergone major changes in recent years. For the reorientation of the trading unit of Marquard & Bahls, the Group has been able to win the experienced manager Timothy Bullock.

Timothy Bullock will take over as CEO of Mabanaft on April 18, 2019. During his 35 years of successful career in international energy companies, he has accumulated his deep expertise of supply, trading and marketing in the oil, gas & energy industry with a strong commercial and operational focus. His detailed knowledge of the regulation of derivative products includes a strong understanding of risk management. For more than 15 years he held various management positions at BP, most recently as Group Vice President Oil Supply & Trading. Since 2012, Timothy Bullock was CEO of Litasco, the trading company of Lukoil. 

He replaces Volker Ebeling and Raphael Hüttmann as Managing Directors of Mabanaft GmbH & Co. KG. Volker Ebeling has agreed to focus on the key element of Mabanafts new strategy – downstream led growth in North West Europe, while Raphael Hüttmann has decided to leave the company by mutual agreement after the transfer to Timothy Bullock. 

Since 2003 Raphael Hüttmann has held various positions at Marquard & Bahls, among others as Director Corporate Development. Before he joined the management of Mabanaft GmbH & Co. KG he was the Managing Director of Mabanaft Ltd. in London since 2012. Over a period of five years he significantly increased the profitability of the company. Marquard & Bahls would like to take this opportunity to thank Raphael Hüttmann and also Volker Ebeling for their energetic commitment and dedication.