Warburg Pincus-based Zenith Energy expands team with two hires

Houston-based Zenith Energy, a developer and operator of terminals that store and distribute petroleum, natural gas liquids and petrochemicals, has named Carlos Ruiz as chief financial officer and John Jessup as director of corporate development. Previously, Ruiz worked at Barclays Capital where he served as a managing director in the natural resources group while Jessup was a vice president at Riverstone Holdings. Zenith Energy is backed by Warburg Pincus.

PRESS RELEASE

HOUSTON, May 14, 2015 /PRNewswire/ — Zenith Energy (“Zenith” or “the Company”), an international liquids and bulk terminaling company, today announced that it has appointed two senior executives, Carlos Ruiz as Chief Financial Officer, and John Jessup as Director of Corporate Development, to support the Company’s growth plans.

Jeffrey R. Armstrong, Chief Executive Officer of Zenith, commented, “We are pleased to welcome Carlos and John to the Zenith team. Their deep knowledge of the energy industry and significant experience will be great assets as we continue to grow Zenith into a leading international terminaling company.”

Mr. Ruiz has more than 13 years of energy industry investment banking experience, most recently serving as a Managing Director in the Natural Resources Group of Barclays Capital. He received a Bachelor of Arts from McGill University and an MBA from the Darden School of Business at the University of Virginia. Mr. Ruiz will report to Mr. Armstrong.

Mr. Jessup most recently served as a Vice President at Riverstone Holdings. Mr. Jessup’s professional experience also includes work in Goldman Sachs’ Investment Banking Division and Principal Investment Area. He received a Bachelor of Arts, Major in Economics, Minors in Political Science and American History from Middlebury College, and an MBA from The Wharton School, University of Pennsylvania. Mr. Jessup will report to Zenith’s Chief Commercial Officer, Jay Reynolds.

Zenith is pursuing opportunities to buy, build and operate petroleum liquids and petrochemical terminals and related logistics including distribution assets that support terminals, such as pipelines, truck racks and barges, primarily in Latin America, Europe and Africa.

In June 2014, the Company and Grupo Coremar announced the award of a contract for the construction on the first phase of a new, multi-product liquids terminal in Palermo, Colombia. Last August, Warburg Pincus, a leading global private equity firm focused on growth investing, led a line-of-equity commitment in Zenith of up to $600 million. In February of this year, Zenith announced the acquisition of the Bantry Bay Oil Terminal in West Cork, Ireland from Phillips 66.

About Zenith Energy
With headquarters in Houston, Zenith Energy is an international liquids and bulk terminaling company. Zenith is pursuing opportunities to buy, build and operate terminals primarily in Latin America, Europe and Africa. The Company is focused on the storage and distribution for petroleum, refined products, natural gas liquids and petrochemicals. The Company also will acquire and operate logistics and distribution assets that support terminals, such as pipelines, truck racks and barges. In August 2014, Warburg Pincus, a leading global private equity firm focused on growth investing, led a line-of-equity commitment in Zenith of up to $600 million.