Timothy Cosulich, the outgoing Chair of the International Bunker Industry Association (IBIA), conveyed his gratitude to members and partners as his term comes to a close. In a heartfelt message, Cosulich expressed appreciation for the collaborative efforts that have strengthened IBIA during his tenure.
Cosulich began by acknowledging the dedication of his fellow IBIA board members, who volunteered their time and expertise for the betterment of the organization. He extended special thanks to Adrian Tolson and Constantinos Capetanakis, who will assume roles as Vice Chair and Chair respectively, wishing them success in their new positions.
The Chair also expressed gratitude to the Secretariat for their firm support and to the working group members, regional board members, and all engaged members whose contributions have propelled IBIA forward.
Reflecting on the challenges faced when he assumed leadership in 2020, Cosulich recalled the organization’s precarious state and credited its survival to the generosity of companies including Fratelli Cosulich, which provided essential funding. He highlighted IBIA’s current strength, citing a capable Secretariat and robust representation at the International Maritime Organization (IMO) as indicators of progress.
In addition to recognizing the efforts of IBIA’s internal stakeholders, Cosulich paid tribute to external supporters such as Trevor Harrison, who served as a corporate secretary, and Niger Draffin, a longstanding board member.
Closing his message with well wishes for IBIA’s future, Cosulich expressed optimism for the organization’s continued success in the years ahead.
As Cosulich’s term concludes, IBIA looks ahead with gratitude for his leadership and determination to build upon the foundation laid during his tenure.
Timothy Cosulich: A Visionary Leader in the Maritime Industry
Timothy Cosulich, a dynamic leader and visionary in the maritime industry, is actively leaving an indelible mark through his exceptional leadership and commitment to excellence. As the scion of the renowned Cosulich family, Timothy’s journey has been intertwined with the maritime sector from an early age. With a passion for innovation and a keen understanding of industry dynamics, he plays a pivotal role in steering Fratelli Cosulich Group towards greater heights of success.
Timothy Cosulich began his career as a Consultant at PricewaterhouseCoopers, focusing on M&A transactions. After earning his MBA from INSEAD, he joined A.P. Moller Maersk Group as a General Manager, specializing in New Terminals acquisition and development. In 2010, Timothy transitioned to his family business, Fratelli Cosulich, where he serves on the Group Board of Directors and holds the role of CEO – Marine Fuels.
Fratelli Cosulich, founded in 1857, is a diversified Group with global operations in ship-owning, ship-agency, freight-forwarding, catering, manning, yacht-services, and marine fuel trading. With offices in 15 countries, approximately 1,000 employees worldwide, and a yearly turnover of USD 1.9bn, the Group remains a cornerstone of the maritime industry. Timothy’s leadership extends beyond Fratelli Cosulich, as he also serves as Chairman of IBIA Asia and holds positions on the boards of IBIA, YPO Singapore, and the Italian Chamber of Commerce in Singapore.
Timothy’s leadership as the Chair of the International Bunker Industry Association (IBIA) is characterized by a dedication to fostering collaboration and driving positive change within the industry. Under his stewardship, IBIA has seen remarkable growth and resilience, positioning it as a leading voice in the global maritime community. Timothy’s vision, coupled with his strategic acumen and unwavering commitment to excellence, continues to inspire and shape the future of the maritime sector.
Beyond his professional endeavors, Timothy Cosulich is known for his philanthropic endeavors and his dedication to making a meaningful impact in the communities he serves. With a legacy built on integrity, innovation, and social responsibility, Timothy Cosulich stands as a beacon of leadership and inspiration in the maritime world.
Source IBIA