PBF Energy Inc. (NYSE:PBF) announced today certain executive promotions which take effect April 1, 2014. Tom Nimbley, PBF’s CEO, commented on behalf of the board of directors that the changes will “better position the company for future growth.” The changes include the following:
Matthew Lucey, currently Chief Financial Officer, has been named Executive Vice President reporting to Tom Nimbley, CEO.
Erik Young, currently Director of Strategic Planning, has been named Senior Vice President and Chief Financial Officer and will also report to Mr. Nimbley.
Herman Seedorf, currently Senior Vice President of Eastern Region Refining, has been named Senior Vice President of Refining and will report to Mr. Lucey.
Todd O’Malley, currently Vice President - Products, has been named Senior Vice President, Chief Commercial Officer reporting to Mr. Nimbley. Paul Davis, Vice President – Crude and Feedstocks, will continue in his role and report to Todd O’Malley.
Michael Gayda, President, and Jeffrey Dill, General Counsel, will continue in their current roles.
In his new role, Matt Lucey will oversee refining operations, capital projects and strategic planning. Mr. Seedorf will be responsible for the operations at the company’s refineries.
Thomas D. O’Malley, PBF’s Executive Chairman, commented, “I am pleased to have the company announce these executive changes to better focus the company for future growth and shareholder return. I look forward to continuing in my role as Executive Chairman and working with Tom Nimbley, as well as Matt Lucey, Erik Young, Todd O’Malley and Herman Seedorf in their new roles.”
PBF Energy CEO Tom Nimbley said, “These organizational changes are part of PBF’s evolution as a leading independent refiner. We experienced rapid growth in recent years and Matt, Erik, Herman and Todd all played integral roles in the development of our company. As we look to the future, I am confident that our board of directors has selected a disciplined and diverse group of leaders that will help us execute the next phase of our growth.”