VPS names Managing Director for the Americas

Michael McNamara Michael McNamara

JANUARY 9, 2014 — Fuel management specialist Veritas Petroleum Services (VPS) has appointed Michael McNamara its Managing Director for the Americas.

Mr. McNamara, who holds an MBA in international business and finance from Oklahoma City University, was most recently Associate Vice President, Energy Management at Royal Caribbean Cruises Ltd., where he was responsible for coordinating global strategies for all aspects of the company's fuel exposure and energy expense across all of the corporation's cruise and airline operations including procurement; emission abatement; fuel/emission regulation; fuel hedging; and energy efficiency.

"We are very pleased to have Michael onboard as he brings with him broad industry experience, high analytical skills, leadership capabilities and a wide range of functional skills," said Eirik Andreassen, CEO, VPS.

"I have long been a customer of VPS and look forward to contributing to its industry-leading quality work. These are very dynamic times in the marine fuel and broader maritime industry, and I am confident that the entire VPS organization is best positioned to assist its customers in managing the risks associated with these changes," said Mr. McNamara.

Before joining Royal Caribbean Cruises in 1999, Mr. McNamara spent 11 years in the oil and gas industry covering a broad range of functions, including exploration and production; processing and distribution; mergers and acquisitions; international business development; strategic planning; and risk management.

Mr. McNamara will assume his post with VPS on January 12, 2015.

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