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President of Vitol joins Board of Directors at CVC Capital company, Pilot Flying J

President of Top 3 Crude Oil Trading Co. joins Board of CVC Capital portfolio Co by Eric Nguyen, Senior Editor

November 05, 2010

The Lancer Group is pleased to announce that Mike Loya, President of Vitol, one of the Top 3 crude oil traders in the world, has joined the Board of Directors of Pilot Travel Centers, a portfolio company of CVC Capital.

Pilot Travel Centers operates more than 500 physical trucking stations, consumes over 5 Billion gallons of fuel a year, and sells more than 15% of all over-the-road truck diesel fuel in the United States.

CVC Capital acquired a 47.5% stake in Pilot Travel Centers from Marathon Petroleum in September 2008 and retained The Lancer Group to recruit a world-class petroleum executive who could bring a macro perspective on fuel hedging, sourcing, and shipping.

According to Tank Storage Magazine, Vitol generates revenues in excess of $191 Billion, ships more than 5 Million barrels of crude daily, and charters a fleet of more than 3,000 ships annually. Vitol’s main operations are based in Geneva, Houston, Singapore, and London. In addition to the global crude and product trading businesses, the company has a growing presence in the natural gas, power, emissions and bio-fuels markets.

In his current role, Mike is responsible for the management, trading activities, and assets of Vitol Group in North and South America. Mike is one of seven members of the Board of Directors of the Vitol Group.

Prior to joining Vitol in 1992, Mike held senior executive roles at Euromin SA, Transworld Oil, Tenneco and Exxon. Mike graduated with an MBA from Harvard Business School.

About The Lancer Group
Founded in 1998, The Lancer Group is an aggressive, results-driven boutique retained search firm. We are the go-to firm for successfully executing challenging searches and turning around failed searches. Unlike the majority of our competitors, we deploy 3x the resources and manpower on each search, which enables us to successfully close searches and bring candidates to the table that other firms may have missed. We place a cap on the amount of active searches we are conducting, and we don’t have “Off Limits” restrictions. Our business model is hybrid retained executive search and “Executive Introductions.” For example, The Lancer Group introduced an executive with a proprietary deal to a private equity firm that was taken public. To date, that investment has generated more than an $800 Million gain for the private equity firm.