Price risk management firm Synergy Commodity hired Arthur Ravo as a senior adviser. He has more than 32 years of experience in propane supply and hedging.
“Arthur brings a wealth of experience and connections in the propane industry,” says Lora Claus, CEO of Synergy. “Not only does he possess mastery of the procurement function, he has a track record of implementing sizable projects that improve the bottom line. Arthur is a true professional. We are extremely proud to have a leader of his caliber on the Synergy team.”
Since 2017, Ravo served as vice president for supply chain at Paraco Gas where he purchased more than 70 million gallons of propane annually, hedged propane purchases and managed wholesale and dealer business.
He also created a model to cover winter volume requirements while minimizing spring and summer volumes that resulted in significant savings annually. Ravo helped implement an electronic payables system at Paraco, reworked the wholesale and retail pricing models and oversaw the buildout of a grill cylinder refurbishing plant.
“I look forward to using my 30-plus years of experience to help customers create their best supply portfolios and build stronger relationships with supply vendors and carriers,” Ravo says.
Commodity market veterans Aviral Chopra and Taylor Hudson launched Synergy Commodity in 2021 to provide procurement data and support to resellers and bulk users of propane and distillates. With knowledge in supply, trading and marketing, it also provides custom procurement services designed to meet each client’s needs, according to the company.
Featured homepage image: arthobbit/iStock / Getty Images Plus/Getty Images