Vitol Capital Management spokes person, Mike Reeves, said "Mr Douglas Harbecker will still maintain his current responsibilities at Vitol Capital Management however he will take over responsibility for financial communication, relations with relating agencies and consolidated risk assessment, reporting to the Management Board and Group CFO. Mr. Harbecker will also assume an advisory role to the board in the area of finance, control and strategy."
Mr Harbecker commented "I am very pleased to accept this position and see this as an excellent opportunity and look forward to the challenge ahead." He further went on to say "It is imperative that every global organization has a solid financial standing and my appointment further establishes Vitol Capital Management intention of becoming one of the world's leading wealth advisory corporations."
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