Chairman of the Board and Presidentident, CEO of WPT GP, LLC
Mr. Paul A. Novelly was appointed as Chairman of the Board President and Chief Executive Officer of WPT GP LLC the General Partner of World Point Terminals LP since its inception in April 2013. Mr. Novelly has served for over ten years as chairman and chief executive officer of Apex. Mr. Novelly devotes the majority of his time to his role at Apex and will also spend time as needed directly managing our business and affairs. We estimate that approximately 33 of his total business time will be devoted to our business and affairs although this amount may increase or decrease in future periods as our business develops
Age: 71 Chairman Since 2013Novelly has served as president and a director of AIC Limited, a Bermudabased oil trading company and chief executive officer of St. Albans Global Management, Limited Partnership, LLLP, which provides corporate management services, positions he has held for over ten years. He has also been the chairman of the board and chief executive officer of FutureFuel Corporationrationration, a manufacturer of biofuels and chemical products, since 2005. He also currently serves on the board of directors at Boss Holdings, Inc., a distributor of work gloves, boots and rainwear, and other consumer products, and Bond Street Holdings, Inc., a holding company whose material subsidiary is Florida Community Bank.
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Management EfficiencyThe company has Return on Asset of 11.07 % which means that on every $100 spent on asset it made $11.07 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE) of 18.84 % implying that it generated $18.84 on every 100 dollars invested.
Entity SummaryWorld Point Terminals, LP owns, operates, develops, and acquires terminals and other assets for the storage of light refined products, heavy refined products, and crude oil in the East Coast, Gulf Coast, and Midwest regions of the United States. World Point Terminals LP (WPT) is traded on New York Stock Exchange in USA. It is located in MISSOURI, U.S.A and employs 157 people. World Point is listed under Wholesale category by Fama And French industry classification.
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