World Kinect Corp. (WKC), Thursday announced that Chief Executive Officer Michael Kasbar has decided to step down from the position, effective January 1, 2026. He will transition to the role of Executive Chairman of the Board.
On the same date, Ira Birns would assume the role of CEO and as a member of the Board of Directors.
Simultaneously, Senior Vice President and Chief Accounting Officer Mike Tejada has been promoted as the Executive Vice President and Chief Financial Officer of the company, effective immediately after filing of quarterly report.
Wednesday, WKC closed at $25.58 up 0.27 percent on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.