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FuelQuest Names President, CEO

Houston-based FuelQuest, which develops software and services for the energy industry, said Thursday that it has promoted Matt Tormollen to President and CEO of the firm. Tormollen replaces founder Rich Cilento, who becomes Chairman of the firm's Advisory Board. Tormollen has been at FuelQuest since 2007, and has previously served at Pavilion Technologies (now part of Rockwell). FuelQuest develops web-based supply chain management and tax automation technologies for suppliers, distributors, buyers, and traders of petroleum products.