SINGAPORE - Noble Group announced on Monday (Nov 16) the promotion of Mr Jeff Frase to president of Noble Americas, effective immediately.
The role is a new one that reflects the increasing importance of the Americas to the group, Noble said.
"Noble Group's volume contribution from North America has grown from 12 per cent in 2008 to 32 per cent in 2015, with the majority of that growth in the last few years," the comoany said in a statement.
Mr Frase will continue in both his roles as global head of oil liquids and as a member of the Noble Group management committee.
Chief executive Yusuf Alireza said in the statement: "Jeff has been instrumental in helping Noble develop a world class oil trading business that has seen year-on-year volume growth of over 30 per cent and a 92 per cent increase in operating income from supply chains year-on-year."
Mr Frase joined Noble in 2013 from JPMorgan, where he was the head of the global oil business since 2008.