Pricelock Names Naveen Agarwal as Chief
Leads Expansion of Innovative Platform to Control Fuel Costs
Founder Robert Fell Named Co-Chairman
May 19, 2011 08:03 AM Eastern Daylight Time
REDWOOD CITY, Calif.--(EON: Enhanced Online News)--Pricelock, the leading online provider of fuel price
protection and budget predictability for businesses in the US, announced today that Naveen Agarwal has been
appointed chief executive officer and a member of the Board of Directors. Agarwal has been the company’s chief
operating officer since 2009. Founder and former CEO Robert Fell has been named co-chairman along with
Agarwal will be leading the expansion of Pricelock’s innovative platform, which empowers small and medium-sized
business to take control of their fuel costs in ways previously available only to America’s largest companies.
Additionally, he is spearheading the development of new opportunities in the energy space, where Pricelock’s
technology can be leveraged to create value for businesses and consumers.
“Naveen’s extensive background in growing and managing multi-billion-dollar businesses in the online financial
solutions space, combined with his expertise in risk management, has been invaluable to our company,” said Robert
Fell, Founder. “One of Naveen’s many talents is his ability to attract and retain superior employees, whose focus and
creativity have driven Pricelock’s success."
Prior to joining Pricelock, Agarwal was the president of E*TRADE Capital Management, where he was responsible
for managing and growing E*TRADE's highest revenue customer segment. He holds an MBA degree from the Haas
School of Business, UC Berkeley, and a B.Tech in Computer Science from IT-BHU, Varanasi, India.
Pricelock’s investors include Goldman Sachs, Artiman Ventures, Barclays, RenaissanceRe Ventures, Ltd., a
subsidiary of RenaissanceRe Holdings Ltd., and Travelers Insurance.
Pricelock, headquartered in Redwood City, Calif., offers online fuel hedging and price protection that makes fuel
costs predictable for small, medium and large companies in the US. By aggregating demand, Pricelock is
empowering small and medium businesses to control fuel costs in ways that were previously only available to large
fuel buyers. Pricelock has been awarded the 2010 Rising Star Award of Excellence by Platts Global Energy Awards
and the 2010 Risk Innovator™ Award by Risk & Insurance. A full suite of Pricelock’s solutions can be found at
Kim Kellogg, 510-635-4150 (o)
Erin Burke, 631-239-6903 (o)