Celebrating Leadership Transition: Motiva's CFO Retires
Leadership Transition at Motiva Enterprises
Motiva Enterprises has recently announced a significant change in its executive leadership with the impending retirement of Rose Sink, who served as Executive Vice President and Chief Financial Officer. This transition marks the end of a remarkable chapter in her career, spanning more than 30 years in the energy industry.
Career Legacy of Rose Sink
Joining Motiva in 2014, Sink initially took on the role of General Manager of Supply & Logistics. Her journey led her to become the Chief Financial Officer in 2020. In this influential position, she expertly managed all financial functions including accounting, audit, treasury, tax, compliance, and trading risk management.
Jeff Rinker, President and CEO of Motiva Enterprises, praised Sink's career, stating, "Rose's career exemplifies visionary leadership and a deep commitment to organizational success. Throughout some of the most challenging periods in our industry, she led with compassion, intelligence, and unshakable integrity. She departs having established a lasting legacy defined by prudent financial stewardship and a genuine caring for others." This tribute signals the high regard in which Sink is held within the organization.
Glenn Carter: The New Chief Financial Officer
Stepping into the role of Chief Financial Officer following Sink's departure is Glenn Carter, who has been with Motiva for nearly three decades. With a wealth of experience in various corporate finance and accounting roles, Carter has made substantial contributions during his 14 years at Motiva. Most recently, he served as Controller and Vice President of Enterprise Risk and played a crucial role in overseeing financial reporting and compliance within the organization.
Rinker expressed his enthusiasm for Carter's appointment, stating, "I am excited to welcome Glenn as our next Chief Financial Officer. His history with Motiva combined with his strong financial expertise, strategic vision, and commitment to excellence make him the ideal leader to assume this important role." Carter's promotion underscores Motiva's focus on continuity and maintaining high financial standards within the company.
About Motiva Enterprises
Founded on a commitment to excellence in the energy sector, Motiva Enterprises is dedicated to refining, distributing, and marketing petroleum products throughout the Americas. The company's headquarters are in Houston, Texas, with the Port Arthur Manufacturing Complex noted as North America's largest refinery. This facility boasts a total throughput of 720,000 barrels per day, making it a cornerstone of the region's energy infrastructure.
In addition to refining activities, Motiva's operations include the largest base oil plant in the Western Hemisphere and an integrated chemical plant, highlighting its expansive capabilities in the energy landscape. Under long-term brand agreements with Shell and Phillips 66 for the 76 brand, Motiva’s commercial operations supply over 12 billion gallons of products to customers each year, reinforcing its position in the market.
As a wholly-owned subsidiary of Aramco, one of the largest integrated energy and chemicals companies globally, Motiva continues to uphold its reputation for innovation and operational excellence in the energy sector.
Frequently Asked Questions
When did Rose Sink join Motiva Enterprises?
Rose Sink joined Motiva in 2014 as the General Manager of Supply & Logistics.
What role did Rose Sink hold before her retirement?
Before her retirement, she served as the Chief Financial Officer, overseeing the company's financial functions.
Who will succeed Rose Sink as CFO of Motiva?
Glenn Carter has been appointed as the new Chief Financial Officer following Sink's retirement.
What experience does Glenn Carter have in the energy industry?
Glenn Carter has nearly three decades of experience in various corporate finance and accounting roles within the energy sector.
What is the primary focus of Motiva Enterprises?
Motiva Enterprises focuses on refining, distributing, and marketing petroleum products across the Americas.
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