ALON USA PARTNERS, LP (NYSE:ALDW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Officers
On August 10, 2017 the Board of Directors of Alon USA Partners GP, LLC (“Alon GP”), the general partner of Alon USA Partners, LP (the “Company”) appointed Frederec Green as Executive Vice President and Chief Executive Officer and Kevin Kremke as Executive Vice President, Chief Financial Officer & Secretary (collectively, the “Appointed Officers”).
Frederec Green, 52, served as the Company’s Executive Vice President and Chief Operating Officer since July 2017. Mr. Green has also served as Chief Operating Officer of Delek US Holdings, Inc. (“Delek”) since November 2016, an Executive Vice President since May 2009 and was the primary operational officer for its refining operations from January 2005 to December 2016. Mr. Green has also served as a member of the board of directors and an executive vice president of Delek Logistics GP, LLC since April 2012 and as a member of the board of directors of Alon USA Energy, Inc. since May 2015. Mr. Green has more than 25 years of experience in the refining industry, including 14 years at Murphy Oil USA, Inc., where he served as a senior vice president during his last six years.
Kevin Kremke, 45, served as the Company’s Executive Vice President and Secretary since July 2017. Mr. Kremke has also served as Delek’s Executive Vice President and Chief Financial Officer since June 2017 and as its Executive Vice President since April 2017. Prior to joining Delek in April 2017, Mr. Kremke served as the Chief Financial Officer of Ciner Resources Corporation and Ciner Resources LP, a publicly traded master limited partnership, since June 2014, and as director of the general partner of Ciner Resources LP, since December 2014. His responsibilities at Ciner Resources Corporation included overseeing the overall financing activities, strategic planning, investor relations, treasury and accounting. He also has served on the audit committee of American Natural Soda Ash Corporation since June 2014. From August 2011 to February 2014, Mr. Kremke served as the vice president of finance and strategic planning at Cheniere Energy, Inc.
In connection with the appointment of the Appointed Officers, Alan Moret and Shai Even have each resigned their respective officer positions with the Company.
About ALON USA PARTNERS, LP (NYSE:ALDW)
Alon USA Partners, LP (Alon) is engaged principally in the business of operating a crude oil refinery in Big Spring, Texas, with a crude oil throughput capacity of approximately 73,000 barrels per day, which the Company refers to as its Big Spring refinery. The Company refines crude oil into finished products, which the Company markets primarily in Central and West Texas, Oklahoma, New Mexico and Arizona through its integrated wholesale distribution network to retail convenience stores and other third-party distributors. Its Big Spring refinery is located on approximately 1,310 acres in the Permian Basin in West Texas. Major processes at its Big Spring refinery include fluid catalytic cracking, naphtha reforming, vacuum distillation, hydrotreating, aromatic extraction and alkylation. Its Big Spring refinery produces ultra-low sulfur gasoline, ultra-low sulfur diesel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt and other petroleum products.