John Deuss
John Deuss | |
|---|---|
Deuss at the 1989 Rotterdam Oil Symposium | |
| Born | Johannes Christiaan Martinus Augustinus Maria Deuss 28 August 1942 Nijmegen, Netherlands |
| Occupation(s) | founder and former CEO of JOC Oil, Transworld Oil, First Curacao International Bank, former CEO and chairman of Bermuda Commercial Bank, co-founder of Chief Executive (magazine) |
Johannes Christiaan Martinus Augustinus Maria "John" Deuss (born 28 August 1942) is a Dutch businessman who started a variety of businesses, most notably an oil trading company that he attempted to build into an integrated oil company by diversifying into oil exploration, oil refining and operating a large chain of gas stations.
He founded JOC Oil, later rebranded as Transworld Oil, founded and wholly owned First Curacao International Bank, was the chairman, CEO and owner of 47% of Bermuda Commercial Bank. In 1985 he bought 576 service stations in Pennsylvania and New York plus a refinery in Pennsylvania for $420 million from ARCO. He rebranded the stations to their former name Atlantic. Deuss later sold the stations plus refinery, pipelines and terminals in 1988 to Sunoco for $513 million.
He has been involved in a number of public controversies including accusations of selling oil to the apartheid regime of South Africa and owning a bank which permitted carousel fraud.