Appointments & Management Changes:
- Mr.
Reuven Spiegel will be appointed EVP and assume the role of CFO following the departure ofAssi Ginzburg in May.Mr. Spiegel has served as a member of the Board of our general partner sinceJuly 2014 , as a member of theAudit Committee andConflicts Committee sinceSeptember 2014 and as a member of the EHS Committee since its inception inOctober 2016 . Prior to joining the Board,Mr. Spiegel served as Chief Executive Officer ofIsrael Discount Bank Ltd. (TASE: DSCT) from 2011 through 2014 where he had previously held the position of Executive Vice President from 2001 through 2005.Mr. Spiegel also served as Chief Executive Officer ofIDB Bank of NY from 2006 to 2010. He also has experience as an executive in the real estate industry.Mr. Spiegel will maintain his position on theBoard of DKL andAssi Ginzburg will assist in transitioning responsibilities toMr. Spiegel through first quarter results.
- Mr.
Avigal Soreq will assume the role of EVP and Chief Operating Officer (COO) of DK and DKL.Mr. Soreq will maintain responsibility of the commercial group, while also overseeing economics and planning and DKL operations.
- Mr.
Fred Green will assume the role of EVP of Corporate Development.Mr. Green will continue playing an instrumental role in multiple aspects of the business including capital projects and ongoing interaction with investors and stakeholders.
- Ms.
Regina Jones , DK and DKL’s current EVP, General Counsel and Corporate Secretary, has elected to leave the company to pursue other opportunities.Ms. Jones will remain with the company to ensure a smooth transition to the newly appointed General Counsel and Corporate Secretary announced below.
- Ms.
Abby Yates will immediately assume the role of EVP, General Counsel and Corporate Secretary.Ms. Yates was General Counsel, Chief Compliance Counsel and SVP, HR ofEthosEnergy , a joint venture between Siemens and Wood Group, for 6 years. Prior to this,Ms. Yates spent 10-years working within Wood Group, first as Senior Litigation Counsel and then as Divisional Counsel to the gas turbine services division. She began her career withMorgan Lewis inPhiladelphia and worked forBracewell LLP and Schlumberger inHouston. Ms. Yates received her law degree fromTemple Law School and was admitted to the bar in 1993.
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The logistics operations consist of
The convenience store retail business operates approximately 258 convenience stores in central and west
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This press release contains forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. Projected distributable cash flow, forecasted annualized EBITDA, forecasted annualized net income and other statements concerning current estimates, expectations and projections about future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns, or matters that are not historical facts are “forward-looking statements,” as that term is defined under the federal securities laws. Investors are cautioned that the following important factors, among others, may affect these forward-looking statements: risks and uncertainties with respect to the quantities and costs of crude oil we are able to obtain and the price of the refined petroleum products we ultimately sell; risks related to exposure to
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