Here is a question for you. What is the difference between "CEO" and "President" of a company? Specifically in regards to a company such as Pilgrim Petroleum that is an extremely small company within the realm of business size.
If a person is the "President" or "CEO" of an extremely small employee sized company, one would assume that person is in control and has the ability/authority to make command decisions that affect the Company's business decisions and directions. So one could easily assume the titles "president" and "CEO" in this case would most likely be the same position, and interchangeable...just a play on the vernacular is how I see it.