It is my pleasure to welcome you to the Zenith Energy website. Our team strives to develop Zenith into a world-class midstream asset operator by buying and building terminals in the Atlantic Basin, primarily Europe, Africa and Latin America which include the storage and logistics for crude oil, refined products, petrochemicals and all types of dry-bulk commodities. Our strategy is to pursue opportunities with strategic importance to our customers and the marketplace without taking any direct commodity exposure. Zenith is committed to our core values of safety first, environmental protection, integrity and ethics in business, customer service, employee respect, well maintained facilities and appropriate financial returns. Thank you for your interest in Zenith Energy, and we look forward to continuing to share our story with you.
- Jeff Armstrong, CEO
Zenith’s Core Values
Health, safety and environmental protection is the top priority of Zenith Energy. We are committed to the safety of everyone who enters our facilities and lives in the communities where we operate. We will conduct our business to the highest possible environmental protection standards in every environment we operate.
Jeff Armstrong is the Chief Executive Officer and founder of Zenith Energy. Prior to founding Zenith Energy, Jeff worked as Head of Corporate Strategy for Kinder Morgan Inc. Before Jeff’s role as Head of Corporate Strategy he served as President of Kinder Morgan Terminals for 12 years. Under Jeff’s leadership, Kinder Morgan Terminals grew to become the largest independent owner and operator of liquids and bulk terminals in North America, with 40 liquids terminals, 82 bulk terminals, and 10 transload facilities.
Jeff’s previous experience includes General Manager of East Coast Operations at GATX and Maritime Overseas Corp. Armstrong received his MBA from the University of Notre Dame and his BS in Marine Transportation from the US Merchant Marine Academy.
Chief Financial Officer
Carlos Ruiz is Chief Financial Officer of Zenith Energy. Prior to his role at Zenith Energy, Carlos worked for over 13 years in energy investment banking, most recently serving as a Managing Director with the Natural Resources Group of Barclays Capital. During this time, he provided M&A and capital raising advisory services to public and private midstream, upstream and oilfield service companies.
Carlos’ previous experience includes commercial banking roles at Bladex and HSBC. Ruiz received his MBA from the Darden School of Business at the University of Virginia and his BA from McGill University in Montreal.
Jay Reynolds is Chief Commercial Officer of Zenith Energy. Prior to his role at Zenith Energy, Jay worked as Managing Director and was a member of the Board of Managers of LUKOIL Pan Americas a subsidiary of LITASCO SA, one of the world’s major traders of crude oil and refined petroleum products, where he was involved with business development and overall management of the company.
Jay was previously an attorney with the law firm Blank Rome LLP and served as a principal in a boutique investment company. Reynolds received his JD from Temple University School of Law and his BA from Loyola University Maryland.
Rich Reynolds is the Chief Operating Officer of Zenith Energy. Prior to his role at Zenith Energy, Rich worked at Overseas Shipholding Group. Rich worked for 11 years in various positions at Overseas Shipholding Group, ultimately serving as the Vice President of International Flag Strategic Business.
Rich’s previous experience includes working as a Ship Broker for seven years at McQuilling Brokerage Partners and five years at Chevron Shipping Company as a Ship Officer. Reynolds received his BS from the US Merchant Marine Academy.
Timothy Geithner serves as President of Warburg Pincus. In this role, he focuses on overall firm strategy and management, investing and portfolio management, organizational and funding structure, and investor relations. Mr. Geithner is a member of the firm's Executive Management Group. Before joining Warburg Pincus, Mr. Geithner served as the 75th Secretary of the U.S. Department of the Treasury from 2009 to 2013. He previously served as President and Chief Executive Officer of the Federal Reserve Bank of New York from 2003 to 2009. He began his U.S. government career with the Treasury Department in 1988.
Mr. Geithner holds a B.A. in government and Asian studies from Dartmouth College and an M.A. in international economics and East Asian studies from Johns Hopkins School of Advanced International Studies.
Somit Varma is based in New York, joined Warburg Pincus in 2011 and focuses on energy investments. Previously, he was global head of the natural resources group at the International Finance Corporation with a focus on emerging markets. Mr. Varma has spent over 18 years investing in the energy and natural resources sector in emerging markets including Latin America, Africa and Asia.
Mr. Varma is a director of Anemka Resources, Casa Exploration, Delonex Energy, Endurance Energy and Zenith Energy. He received an M.B.A. from Boston University and attended the Executive Development Program at Harvard Business School.
John K. Rowan is based in New York, joined Warburg Pincus in 2011 and focuses on energy investments. Previously, Mr. Rowan worked at Goldman Sachs in the Principal Investment area, focused on energy investments. Prior to that, he worked in the Financial Institutions Group at Goldman Sachs.
Mr. Rowan is a Director of First Green Partners, Independence Resource Management, Navitas Midstream Partners, and Zenith Energy, and also works with Kosmos Energy. He received a B.A. in economics from Columbia College.
Steve Mawer is an independent director. Prior to joining the board of Zenith Energy he had retired from the post of President of Koch Supply & Trading, LP. Koch Supply & Trading is the subsidiary of Koch Industries Inc., responsible for its' Commodities Trading activities and is one of the largest global Commodities Trading companies as well as operating refining and storage facilities. He served in this role for 14 years and worked for Koch Companies for a total of 17 years.
Mr. Mawer received Masters and Bachelors degrees in Chemical Engineering from the University of Cambridge.
David Kinder is based in Houston, Texas and is a board member of Zenith Energy. David is the former VP of Corporate Development, Treasurer and head of Investor Relations for Kinder Morgan Inc. He was with Kinder Morgan from February of 1999 to April of 2013. Mr Kinder is on the board of directors of Western Refining Logistics.
Mr. Kinder's many years of experience in the acquisition, divestiture and development of midstream energy assets and the financing of such transactions make him well-suited to serve on the board of Zenith Energy. He received his BBA in Finance from Texas Christian University in 1996.
Warburg Pincus, a global private equity firm focused on growth investing, has agreed to lead a line-of-equity investment of up to $600 million in Zenith. Warburg Pincus is joined by minority investors that include members of the management team and other individuals. Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $40 billion in private equity assets under management. The firm's active portfolio of more than 120 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 15 private equity funds, which have invested more than $55 billion in over 750 companies in more than 40 countries.