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Logistics
Delek US and Delek Logistics Announce Kevin Kremke will join the companies as EVP on April 1
Date:2017-01-30 Readers:

BRENTWOOD, Tenn. - Delek US Holdings, Inc. (NYSE:DK) and Delek Logistics Partners, LP (NYSE:DKL) (collectively with Delek US Holdings, Inc., “Delek”) announced that Kevin Kremke is joining the companies as Executive Vice President, effective April 1, 2017. Mr. Kremke will serve in this role until June 1, 2017 at which point he will be named as EVP and chief financial officer of the companies. As planned, Assi Ginzburg’s resignation of his role as EVP and chief financial officer will be effective June 1, 2017. Mr. Ginzburg will continue to work as vice president overseeing the business development and strategic planning of Delek and will remain a member of the board of directors of Delek Logistics GP, LLC, the general partner of Delek Logistics Partners, LP.


Uzi Yemin, Chairman, President and Chief Executive Officer of Delek US Holdings, Inc. and Chairman and Chief Executive Officer of the general partner of Delek Logistics Partners, LP said “I am excited to have someone of Kevin’s caliber join our team, and his start date in early April will provide time for Kevin and Assi to work together until June 1 to provide a smooth transition to the CFO role. Kevin’s financial experience in the energy markets and with MLPs will benefit our organization as we continue to grow through completion of the acquisition of Alon USA and the integration of the companies. I look forward to working with Kevin to achieve our growth strategies in the future.”


“I am joining Delek at an exciting time as it continues to grow,” said Kremke. “I look forward to working with Uzi and the management team to support these efforts and explore additional opportunities to drive shareholder value.”


Mr. Kremke has nearly 20 years of financial experience in the energy sector. Most recently he served as chief financial officer for Ciner Resources Corporation and Ciner Resources Partners LP (NYSE:CINR) where he was responsible for the overall accounting and finance functions, strategy/corporate development and investor relations for the organization. Prior to joining Ciner Resources in 2014, he worked at Cheniere Energy, Inc as vice president of Finance and Strategic Planning. He also has experience in the energy sector through senior roles held at Spark Energy, Inc. and Reliant Energy, Inc. He earned a Bachelor of Science in Marketing from Ball State University and a Master of Business Administration in Finance and Strategic Management from the University of Chicago’s Booth School of Business. He and his family will be relocating to the Nashville, Tennessee area.


Source: American Journal of Transportation.com


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