TanQuid Announces New Management Team

Jens Moir, Thomas Schröder and Sebastian van der Ploeg build the new
Executive Board at Germany’s leading independent tank farm logistics
company TanQuid

Duisburg, 1 March 2016

Moving forward its continuous change process, TanQuid GmbH & Co. KG have
taken further significant steps to underline their leading market position and
remain a highly professional and reliable business partner.

The members of the reconstituted Executive Board represent the company’s
dedication to adapt to market requirements, continue to increase competitiveness
as well as comply with legal regulations. With retroactive effect as
at March 1, 2016, Jens Moir (CEO and CFO), Thomas Schröder (CSO and
COO) and Sebastian van der Ploeg (CAO) form the new management team.

TanQuid’s CEO Jens Moir, emphasises that this reorganisation initiative is
another important step to future development: “Sebastian van der Ploeg brings
to the table a profound expertise in HR, legal, compliance and regulatory
questions. At the same time he is very well integrated in the company, best
prerequisites for his new role as CAO. Thomas Schröder (Chief Sales and
Operations Officer) has a long-lasting business background in the oil storage
business and his experience will add to further address our clients’ needs and
requirements effectively.”

“Great thanks to Urs Beckmann”, says Jens Moir, “he was the driving force in
successfully managing the process of change in our organisation. Urs
Beckmann has a proven track record of leading and managing complex change
processes in middle sized as well as large international corporations. In his role
as COO and Managing Director at TanQuid, he shared his broad professional
knowledge in order to achieve required results.”

Urs Beckmann is handing over the COO role to Thomas Schröder, who will be
responsible to continually improve sales and operational effectiveness.

Thomas Schröder’s role as CSO and COO covers responsibilities for Sales,
Operations, Engineering and HSSEQ. He has been with the company since
1988, most recently as managing director of TransTank GmbH, a joint venture
between TanQuid and BP.

In his role as Chief Administrative Officer, Sebastian van der Ploeg will be
responsible for Human Resources, Legal, Business Affairs and Corporate
Governance. He joined TanQuid in 2014.