Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) a diversified energy company with assets in the petroleum refining, retail and logistics industries, and Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”), a growth-oriented master limited partnership focused on owning and operating midstream energy infrastructure, announced today that Assi Ginzburg, currently an Executive Vice President for both companies, has been appointed Chief Financial Officer of both Delek US and the general partner of Delek Logistics effective immediately. He succeeds Mark Cox, who will continue to serve as an Executive Vice President of both companies through March 31, 2013 to ensure a smooth transition.
“Assi has demonstrated significant leadership capabilities and played an instrumental role in contributing to our company’s growth and strategic vision for nearly a decade. His intimate knowledge of our operations and financial processes makes him a natural choice to assume additional responsibilities as our Chief Financial Officer,” remarked Uzi Yemin, Chairman and Chief Executive Officer of Delek US and the general partner of Delek Logistics. “I’d also like to thank Mark Cox for his contribution to our company’s success over the last several years. We wish him much success in his future endeavors.”
Mr. Ginzburg has been with Delek US since 2004 and Delek Logistics since its inception in 2012, working in a variety of senior management and financial roles. He also serves as a member of the board of directors of the general partner of Delek Logistics. He also has been a member of the Israel Institute of Certified Public Accountants since 2001.
Mr. Ginzburg stated, “We have significantly transformed and diversified our businesses over the last few years, while simultaneously delivering exceptional value to our investors. We remain intently focused on continuing to improve our business and financial flexibility, and I look forward to the challenge of taking on these new responsibilities and helping our businesses continue to grow.”