Leadership & Pay ·
World Kinect Corporation announced a leadership transition effective December 31, 2026, with Michael J. Kasbar…
INTWorld Kinect Corp
World Kinect Corporation announced a leadership transition effective December 31, 2026, with Michael J. Kasbar stepping down as Executive Chairman and Ken Bakshi appointed as independent Chair of the Board. Kasbar will remain on the Board but is receiving severance payments previously accrued upon his employment agreement's expiration in December 2025, subject to restrictive covenants. The departure was not due to disagreements with company operations. World Fuel operates as a leading global provider of aviation, marine and ground-based transportation fuels and complementary services.