Gaetan Perret Will Become Seascale Energy Co-CEO
The leadership change at the marine fuel procurement joint venture takes effect in December.
Updated on Sept. 23, 2026 in Oil and Gas
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Seascale Energy co-CEO Olivier Josse will retire on December 14, 2026, ending a 36-year tenure with Cargill. Gaetan Perret, the current Head of Marine Fuel Procurement at Cargill, will succeed him as co-CEO.
Why it matters
The transition maintains the existing dual-CEO structure at a firm that manages significant scale in the global bunkering market. Operators should monitor whether the leadership change impacts procurement strategy for the joint venture's 50 third-party members.
Seascale Energy manages 8 million mt of annual marine fuel procurement for more than 50 third-party members. The transition follows Olivier Josse's 36-year career at Cargill.
The players
Seascale Energy
A joint venture between Cargill and Hafnia that procures marine fuel for a global member base.
Cargill
A massive global food and agriculture corporation with deep involvement in commodity shipping and marine logistics.
Gaetan Perret
An industry veteran moving from his role as Cargill's Head of Marine Fuel Procurement to serve as co-CEO.
Olivier Josse
A long-time Cargill leader retiring after 36 years of service and a tenure as co-CEO of Seascale Energy.
The details
The joint venture, launched in May 2025 by Cargill and Hafnia, operates across four global hubs: Singapore, Copenhagen, Geneva, and Houston. Gaetan Perret will transition from his current role as Head of Marine Fuel Procurement at Cargill to become the new Vice President of Marine Fuels alongside his co-CEO duties. Governance and operational structures remain unchanged throughout the handover period concluding in December.
Timeline
May 2025: Seascale Energy launched as a joint venture.
December 14, 2026: Olivier Josse retires from Cargill and Seascale.
Market Landscape
The leadership change follows the governance framework established at the May 2025 launch of Seascale Energy. This transition maintains continuity for the joint venture amid the established industry trend toward centralized marine fuel procurement.
Operators currently utilizing the joint venture's procurement services should confirm any changes to account management points of contact following the December transition. Procurement managers should watch for updates regarding fuel pricing strategies once new leadership assumes control.
The takeaway
Large-scale procurement entities often maintain stability through long-term succession planning and dual-management structures. Keep this transition date of December 14, 2026, on your calendar if you rely on the firm's volume metrics for your own market analysis.
Further reading
For broader trends in industry consolidation, visit the Oil and Gas section.
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