Vortexa announces Chairman appointment, new investor

KUALA LUMPUR, May 17 -- Vortexa, the energy and shipping Analytics platform, has announced the appointment of former Goldman Sachs Global Head of Commodities, Jacques Gabillon as the new Chairman.

According to a statement, Gabillon takes over from Etienne Amic, Vortexa Co-Founder, former Head of European Energy at JP Morgan and current Chief Executive Officer (CEO) of VAKT Global.

Vortexa Founder and CEO, Fabio Kuhn, said: “On behalf of the entire Vortexa team, I would like to thank Etienne for his immeasurable contributions to our development since inception and wish him all the best in his new ventures, especially VAKT.”

“It is also a great honour for us to welcome Jacques as our new Chairman; he is an incredible partner who already added massive value to Vortexa as a Board member over the last year. Now, as the Chair of our Board, Jacques is even better positioned to work more closely with our leadership team as Vortexa continues to accelerate its growth.”

Gabillon has over 30 years of experience in the commodities industry working for leading institutions covering commodities, derivatives, structured finance and principal investing globally.

His expertise includes major acquisitions, divestments and structured finance transactions across the full spectrum of the commodities industry.

Since Vortexa’s US$19 million Series B earlier this year, and following up on the company’s continued success, Energy Innovation Capital, one of the most experienced and proven groups of investors in energy technology has become an investor in Vortexa. (US$1 = RM4.134)

Notion Capital, who led the Series A round, has also taken the opportunity to increase its participation in the company.

“We are very excited to welcome Energy Innovation Capital as a new investor at Vortexa. Their energy industry expertise and international network will be invaluable to us in the next phase of our growth journey,” added Kuhn.

-- BERNAMA