UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Effective April 25, 2025, the Board of Directors (the “Board”) of World Kinect Corporation (the “Company”) appointed Ira M. Birns, the Company’s current Executive Vice President and Chief Financial Officer, as President and Chief Financial Officer. Mr. Birns will continue to report to the Company’s Chairman and Chief Executive Officer, Michael J. Kasbar.
Mr. Birns will also continue to serve as the Company’s principal financial officer. Effective April 25, 2025, Mr. Kasbar no longer holds the title of President at the Company. Mr. Birns, age 62, has served as the Company’s Executive Vice President and Chief Financial Officer since 2007. Prior to joining the Company, Mr. Birns held leadership roles at Arrow Electronics, Inc., a global provider of technology products, services and solutions, including as Vice President and Treasurer from 2002 to 2007. Mr. Birns is the vice chairman of the board of trustees of the New World Symphony of Miami, Florida. Since 2023, Mr. Birns has also served as a member of the board of directors and the chair of the audit committee of Stem, Inc. (NYSE: STEM), a global leader in artificial intelligence driven clean energy solutions and services. Mr. Birns is not a party to any transaction that would require disclosure under Item 404(a) of Regulation S-K.
Effective April 25, 2025, the Board appointed John P. Rau, the Company’s current Executive Vice President, Global Aviation, Land and Marine, as Chief Operating Officer. Mr. Rau will continue to report to Michael Kasbar.
Mr. Rau, age 62, has served as the Company’s Executive Vice President of Global Aviation and Marine since 2016 and assumed responsibility for Global Land in 2022. Previously, he served as the Company’s Executive Vice President of Aviation from 2014 and as the Company’s Senior Vice President of Aviation Americas from 2011 to 2014. Prior to joining the Company, Mr. Rau held leadership roles at American Airlines and United Airlines, including as Managing Director at American Airlines from 1995 to 2011, where he was responsible for the purchase and management of jet fuel, utilities, deicing fluids, and transportation, as well as management of American Airlines’ supplier diversity program. Mr. Rau is not a party to any transaction that would require disclosure under Item 404(a) of Regulation S-K.
A copy of the Company’s press release announcing the appointment of Mr. Birns to President and the appointment of Mr. Rau to Chief Operating Officer is attached hereto as Exhibit 99.1 and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits |
(d) Exhibit
| Exhibit No. |
Description | |
| 99.1 | Press Release, dated April 25, 2025 | |
| 104 | Cover Page Interactive Safe File, formatted in inline XBRL | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: April 29, 2025
| World Kinect Corporation |
| /s/ Joel M. Williams |
| Joel M. Williams Assistant Corporate Secretary |