Message from The CEO

Message from The CEO

It is my pleasure to welcome you to the Zenith Energy website.   Our team strives to maintain Zenith's reputation as a world-class midstream asset operator by buying and building terminals in North America, Europe and Latin America.   In 2014 we started the company with a strategy to pursue opportunities with strategic importance to our customers and the marketplace without taking any direct commodity exposure.   We currently store crude oil, fuel oil, asphalt refined products, petrochemicals and vegetable oils at our 24 terminals.  Zenith is committed to our core values of safety first, environmental protection, integrity and ethics in business, customer service, employee respect, well maintained facilities and appropriate financial returns. Thank you for your interest in Zenith Energy, and we look forward to continuing to share our story with you.

- Jeff Armstrong, CEO

Core Values

Core Values

Zenith’s Core Values

  • Safety First
  • Environmental Protection
  • Integrity and Ethics in Business
  • Customer Service
  • Employee Respect
  • Well Maintained Facilities
  • Appropriate Financial Returns

Health, SAFETY & Environmental

Health, SAFETY & Environmental

Health, safety and environmental protection is the top priority of Zenith Energy.  We are committed to the safety of everyone who enters our facilities and lives in the communities where we operate.  We will conduct our business to the highest possible environmental protection standards in every environment we operate.

Leadership Bios

Leadership Bios

Jeff Armstrong
Chief Executive Officer

Jeff Armstrong is the Chief Executive Officer and founder of Zenith Energy. Prior to founding Zenith Energy, Jeff worked as Head of Corporate Strategy for Kinder Morgan Inc. Before Jeff’s role as Head of Corporate Strategy he served as President of Kinder Morgan Terminals for 12 years. Under Jeff’s leadership, Kinder Morgan Terminals grew to become the largest independent owner and operator of liquids and bulk terminals in North America, with 40 liquids terminals, 82 bulk terminals, and 10 transload facilities.

Jeff’s previous experience includes General Manager of East Coast Operations at GATX and Maritime Overseas Corp.  Armstrong received his MBA from the University of Notre Dame and his BS in Marine Transportation from the US Merchant Marine Academy.


Carlos Ruiz
Chief Financial Officer 

Carlos Ruiz is Chief Financial Officer of Zenith Energy. Prior to his role at Zenith Energy, Carlos worked for over 13 years in energy investment banking, most recently serving as a Managing Director with the Natural Resources Group of Barclays Capital. During this time, he provided M&A and capital raising advisory services to public and private midstream, upstream and oilfield service companies. 

Carlos’ previous experience includes commercial banking roles at Bladex and HSBC. Ruiz received his MBA from the Darden School of Business at the University of Virginia and his BA from McGill University in Montreal.



Jay Reynolds
Chief Commercial Officer

Jay Reynolds is Chief Commercial Officer of Zenith Energy.  Prior to his role at Zenith Energy, Jay worked as Managing Director and was a member of the Board of Managers of LUKOIL Pan Americas a subsidiary of LITASCO SA, one of the world’s major traders of crude oil and refined petroleum products, where he was involved with business development and overall management of the company.  

Jay was previously an attorney with the law firm Blank Rome LLP and served as a principal in a boutique investment company.  Reynolds received his JD from Temple University School of Law and his BA from Loyola University Maryland.



Rich Reynolds
Chief Operating Officer

Rich Reynolds is the Chief Operating Officer of Zenith Energy. Prior to his role at Zenith Energy, Rich worked at Overseas Shipholding Group. Rich worked for 11 years in various positions at Overseas Shipholding Group, ultimately serving as the Vice President of International Flag Strategic Business.  

Rich’s previous experience includes working as a Ship Broker for seven years at McQuilling Brokerage Partners and five years at Chevron Shipping Company as a Ship Officer.  Reynolds received his BS from the US Merchant Marine Academy.

Board of Directors

Board of Directors

Roy Ben-Dor

Roy I. Ben-Dor is based in New York, joined Warburg Pincus in 2011 and focuses on energy investments. Previously, he worked at McKinsey & Company in New York. He is a Director of Black Swan Energy and MainSail Energy and also works with MEG Energy, Navitas Midstream Partners, Osum Oil Sands and Zenith Energy.

Mr. Ben-Dor received a B.A. cum laude in psychology and economics with Distinction from Duke University, a J.D. magna cum laude from Harvard Law School and an M.B.A. with High Distinction (“Baker Scholar”) from Harvard Business School.


Somit Varma

Somit Varma is based in New York, joined Warburg Pincus in 2011 and focuses on energy investments. Previously, he was global head of the natural resources group at the International Finance Corporation with a focus on emerging markets.  Mr. Varma has spent over 18 years investing in the energy and natural resources sector in emerging markets including Latin America, Africa and Asia. 

Mr. Varma is a director of Anemka Resources, Casa Exploration, Delonex Energy, Endurance Energy and Zenith Energy. He received an M.B.A. from Boston University and attended the Executive Development Program at Harvard Business School.

John K. Rowan

John K. Rowan is based in New York, joined Warburg Pincus in 2011 and focuses on energy investments. Previously, Mr. Rowan worked at Goldman Sachs in the Principal Investment area, focused on energy investments. Prior to that, he worked in the Financial Institutions Group at Goldman Sachs.

Mr. Rowan is a Director of First Green Partners, Independence Resource Management, Navitas Midstream Partners, and Zenith Energy, and also works with Kosmos Energy. He received a B.A. in economics from Columbia College.

Steve mawer

Steve Mawer is an independent director. Prior to joining the board of  Zenith Energy he had retired from the post of President of Koch Supply & Trading, LP. Koch Supply & Trading is the subsidiary of Koch Industries Inc., responsible for its' Commodities Trading activities and is one of the largest global Commodities Trading companies as well as operating refining and storage facilities. He served in this role for 14 years and worked for Koch Companies for a total of 17 years.

Mr. Mawer received  Masters and Bachelors degrees in Chemical Engineering from the University of Cambridge.


David Kinder

David Kinder is based in Houston, Texas and is a board member of Zenith Energy. David is the former VP of Corporate Development, Treasurer and head of Investor Relations for Kinder Morgan Inc. He was with Kinder Morgan from February of 1999 to April of 2013. Mr. Kinder serves as an operating partner with Stonepeak Infrastructure Operating Partners and is on the Board of Directors of Oryx Midstream Services. 

Mr. Kinder's many years of experience in the acquisition, divestiture and development of midstream energy assets and the financing of such transactions make him well-suited to serve on the board of Zenith Energy. He received his BBA in Finance from Texas Christian University in 1996.

Alec Hufnagel

Alec Hufnagel joined Kelso in 2008. He spent the preceding two years in the Leveraged Finance group of Deutsche Bank.

Mr. Hufnagel is currently a director of Ajax Resources, Sirius Computer Solutions and Zenith Energy. In addition, he is active in the Firm’s investments in Hunt Marcellus, Sandler O’Neill + Partners, Tallgrass Development and Venari Resources. He also was active in the Firm’s past investments in Harbor Community Bank, Oceana Therapeutics, Shelter Bay Energy and Wilton Re.  He was a past director of Sentinel Data Centers.

Mr. Hufnagel received a B.A. in Economics from Dartmouth College in 2006.

Frank Loverro

Frank Loverro joined Kelso in 1993. He spent the preceding three years in the Private Equity Investment group and High Yield Finance at The First Boston Corporation.

Mr. Loverro provides senior leadership behind our energy and healthcare practices. He is currently a director of Ajax Resources, Delphin Shipping, Hunt Marcellus, Physicians Endoscopy, The Poseidon Companies, Tallgrass Development and Zenith Energy. Past directorships include Buckeye Partners, Eagle Bulk Shipping, Endo Pharmaceuticals, Helios and Oceana Therapeutics.

Mr. Loverro received a B.A. in Economics with Distinction from the University of Virginia in 1991. He is currently a member of the Board of Trustees of the College Foundation of the University of Virginia and a Trustee of Prep for Prep, a New York-based non-profit organization, as well as a Director of Audubon Connecticut, the state organization of the National Audubon Society.

Kurt Chapman

Kurt Chapman is an independent director for Zenith Energy. Mr. Chapman has worked with some of the world’s leading oil and trading companies including Sempra Energy Trading, Koch Supply and Trading and Morgan Stanley. Prior to joining the board, Mr. Chapman spent 12 years as the Global Head of Crude Oil for Mercuria Energy Trading in Geneva. 

Mr. Chapman earned his B.A.  degree in economics from Harvard University. He is a former U.S. Marine who served as an infantry officer with 2nd Battalion, 9th Marines.  Mr. Chapman currently resides in Europe.


Equity Partner

Equity Partner

Warburg Pincus, a global private equity firm focused on growth investing, has agreed to lead a line-of-equity investment of up to $600 million in Zenith. Warburg Pincus is joined by minority investors that include members of the management team and other individuals.   Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $40 billion in private equity assets under management. The firm's active portfolio of more than 120 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 15 private equity funds, which have invested more than $55 billion in over 750 companies in more than 40 countries.