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FuelQuest Adds New Members to Its Board of Directors Energy and Software Industry Veterans Join Leading Global Software Company's Board

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© Marketwire 2013
2013-02-28 16:04:24 -

HOUSTON, TX -- (Marketwire) -- 02/28/13 -- FuelQuest Inc. : , the leading on-demand software and services company for the global downstream energy industry, announced today the addition of two new members to its Board of Directors. Jim Offerdahl, current CFO at Bazaarvoice, and Paul Stone, former VP of global strategy & portfolio for retail at Shell, join Neil E. Kelley, Kevin M. Kelley, and Matt Tormollen to guide the company through continued domestic and international expansion. These board members bring decades of experience in downstream oil and gas, international markets, and enterprise software and services.

Jim Offerdahl brings deep enterprise software, management, and board experience to FuelQuest from his career of more than 30 years. Jim is currently the CFO at publically traded Bazaarvoice, a social commerce software as a service company. Most recently, Jim was CFO at Convio, a leading provider of constituent engagement software and services, where he led the company's successful public offering and eventual acquisition by Blackbaud. Prior to Convio, Jim was CEO of Traq Wireless, a communications lifecycle management solutions company, which was acquired by Tangoe Corporation. Jim has held CFO positions with Pervasive Software and Tivoli Systems taking both companies public. Jim currently serves on several boards including CBG Holdings and offers C-suite advisory services to clients.

Paul Stone has over 32 years of leadership experience working for Shell within different oil products business areas, including retail, commercial, lubricants, and supply and distribution. During his tenure, he had direct P&L responsibility in Brazil, India, Indonesia, Russia, Ukraine, and Vietnam, as well as Turkey where he was Chairman of Shell Turcas Petrol AS. He held numerous vice president positions within the company including his last one as VP of global strategy & portfolio for retail. He has also lived and worked for Shell in Brazil, Mexico, Portugal, United Kingdom, and the United States. Paul is currently the managing director of Stone & Associates, a firm of advisors in oil and gas and private equity, located in the United Kingdom.

"We are proud to have a board with such deep experience within our domestic and international markets," says Matt Tormollen, president and CEO of FuelQuest. "The addition of Jim and Paul brings a unique perspective on our industry, and both are already providing insight into achieving our goals of building value for our customers and shareholders. With our new board members, FuelQuest is poised to strengthen its industry leadership position and accelerate its growth into new markets."

FuelQuest provides on-demand fuel management : , tax automation : , and compliance solutions for suppliers, distributors, buyers, and traders of petroleum products and other energy commodities. FuelQuest's solutions deliver operational and financial value to over 650 customers. These customers include leading global oil companies, international retailers, shippers and government entities. FuelQuest's fuel management solutions help customers manage the complexity, regulation and market volatility for more than 20 billion gallons of gasoline and diesel fuel annually. Its Zytax solutions ensure compliance and accuracy for tens of billions of dollars of energy-related excise taxes per year. Learn more at : .

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