According to Vitol's website news release on March 16, 2023, Vitol announces it has appointed Eduard Ruijs to the newly-created role of Head of Transition. Eduard will join Vitol from BlackRock, where he was a Managing Director and Head of EMEA – BlackRock Global Infrastructure Funds.
As Head of Transition, Eduard will oversee the development of Vitol’s growing portfolio of transitional and sustainable investments. To date, Vitol has committed over $2bn to identified sustainable projects and has an extensive pipeline of new projects currently under review.
Today’s portfolio comprises a range of activities and geographies; from renewable generation to biogas, methane capture and the electrification of transport. In addition to optimizing its performance, Eduard will lead the portfolio’s future development, identifying promising new technologies and developments that fit strategically with Vitol’s core energy business.
Eduard has many years’ experience in infrastructure and energy. He began his career at Kearney before moving to The Boston Consulting Group and NIBC Infrastructure Partners. In 2011 he joined First Reserve Corporation as a managing director focused on the energy sector, before moving to BlackRock in 2017.
Russell Hardy, CEO, Vitol said: “We are pleased to welcome Eduard to Vitol. We are focused on positioning Vitol for the energy transition and investing in the world’s future energy needs. Eduard’s experience and understanding of the energy and infrastructure sectors will be key to building the success of this growing portfolio.”
Eduard Ruijs, added: “The success of the energy transition will require huge investment from both the private and public sector. I am delighted to be joining Vitol, the largest independent trader of energy to drive this new and exciting part of the business forward.”
Eduard will join Vitol in May and be based in the London office.
