Houston, Texas-based FuelQuest Inc., an on-demand software and services company for the global downstream energy industry, said it has appointed Matt Tormollen to succeed Rich Cilento as president and CEO.
>Formerly executive vice president of the company’s Fuel Management Systems business, Tormollen will oversee all daily operations for FuelQuest. Cilento, meanwhile, will remain a strategic advisor to the company serving as chairman of the newly formed FuelQuest Advisory Board.
“We have great talent at FuelQuest and I’ve prepared the leadership team to accelerate the business to new levels,” Cilento said. “My confidence in the team’s ability to execute makes this a perfect time to transition my role. Matt’s experience is the perfect complement to our already seasoned management team. He is very focused on expanding the value our customers receive from our solutions and driving the operational performance of our team.”
Tormollen has more than 23 years of software and solutions experience coupled with domain expertise in energy, transportation and environmental compliance. He was selected, the company said, because of his proven track record in building and leading growth businesses, as well as spearheading technology and market development programs.
Prior to joining FuelQuest in 2007, Tormollen spent 12 years as an executive leader in several successful venture-backed software companies, most recently at Pavilion Technologies, a world leader in biofuel production optimization, now a Rockwell Software company.
“Since the day he founded the company Rich has successfully motivated the organization with his passion and leadership, enabling FuelQuest’s portfolio of tax automation and fuel management solutions to become industry standards in the global downstream energy sector,” Tormollen said.