BRENTWOOD, Tenn., Sept. 6,
2022 /PRNewswire/ -- Delek US Holdings, Inc.
(NYSE:DK) ("Delek US" or the "Company") today announced that
Mark Hobbs will join Delek in the
upcoming weeks to fill the role of Executive Vice President,
Corporate Development. In his new role, Mr. Hobbs will work closely
with Delek's management team to lead the Company's corporate
development functions. He will contribute to the Company's efforts
of bringing the "sum of the parts" valuation to fruition, along
with identifying growth opportunities in both current and new
markets.
Mr. Hobbs is an experienced investment banker with over 28 years
of energy industry experience, leading and participating in
strategic advisory engagements across the downstream sector. He
brings deep sector knowledge with expertise in downstream,
midstream, oilfield services and renewables.
"Mark is a dynamic and proven strategic leader who is uniquely
qualified for this role. He brings a valuable combination of skills
and experience to our team with proven financial expertise and
extensive knowledge of our industry," Delek US President and CEO
Avigal Soreq said. "I look forward
to partnering with Mark to accelerate the Company's growth
strategy. He will be instrumental in helping us unlock the "sum of
the parts" value of Delek's existing business while identifying
growth opportunities to enhance the Company's scale and diversified
revenue streams, including the alternative energy markets."
Mr. Hobbs joins Delek US from Citigroup, where he spent the past
11-years as a Managing Director, leading coverage efforts across
the global downstream sector, including renewable fuels. He has
worked closely with international oil companies, national oil
companies and independent refiners advising on both strategic and
capital raising transactions. Prior to Citigroup, Mr. Hobbs worked
for other global financial institutions in leadership roles in both
Houston and London. He holds a Master of Business
Administration from Columbia Business
School and a Bachelor of Business Administration from the
University of Texas at Austin.
"I am excited to join the Delek team," said Mr. Hobbs. "The
Company has tremendous momentum and is well-positioned for
substantial growth with excellent opportunities in front of it. I
look forward to working with the team to activate strategies that
will enable Delek to grow in the future."
About Delek US Holdings, Inc.
Delek US Holdings, Inc. is a diversified downstream energy
company with assets in petroleum refining, logistics, asphalt,
renewable fuels and convenience store retailing. The refining
assets consist of refineries operated in Tyler and Big
Spring, Texas, El Dorado,
Arkansas and Krotz Springs,
Louisiana with a combined nameplate crude throughput
capacity of 302,000 barrels per day.
The logistics operations consist of Delek Logistics. Delek US
and its affiliates also own the general partner and an approximate
80 percent limited partner interest in Delek Logistics. Delek
Logistics is a growth-oriented master limited partnership focused
on owning and operating midstream energy infrastructure assets.
The convenience store retail business operates approximately 250
convenience stores in central and west Texas and New
Mexico.
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SOURCE Delek US Holdings, Inc.