PBF Energy Promotes Joseph Marino to Chief Financial Officer
PBF Energy Inc. (NYSE: PBF) has made significant leadership changes recently, announcing the promotion of Joseph Marino to the position of Chief Financial Officer. This transition is set to take place as Karen B. Davis, the current CFO, prepares to retire and rejoin the Board of Directors.
Celebrating Karen B. Davis's Leadership and Transition
Matt Lucey, CEO of PBF Energy, expressed immense gratitude for Davis’s exceptional leadership during her tenure. As an executive who has considerably shaped the organization, Davis has remarkably developed talent within the finance team, thus ensuring a smooth transition for Marino. Her dedication and commitment have left a positive impact on the company.
Joseph Marino: The Right Fit for CFO
Marino, who has been with PBF since 2011, is no stranger to the dynamics of the business. Previously serving as the Treasurer, his extensive experience in finance and accounting roles positioned him well for his new role as CFO. He brings a breadth of knowledge about the oil refining industry, having previous experience before joining PBF at Ernst & Young LLP.
Strategic Focus for PBF Energy
As PBF Energy continues to navigate the complexities of the refining market, the leadership change is seen as a pivotal moment. Marino's background will be crucial as the company embarks on new financial initiatives and ongoing projects aimed at enhancing operational efficiencies. The expectation is high for Marino to drive shareholder value and book further successes for the firm.
Commitment to Innovation and Growth
PBF Energy is also noted for its strategic investments, including a partnership in the St. Bernard Renewables joint venture. This initiative underscores the company's commitment to evolving its business model to include sustainable fuel production. As they advance in this area, leadership continuity is key.
About PBF Energy Inc.
PBF Energy Inc. is recognized as one of the largest independent refiners in North America. The company operates several oil refineries and related facilities across various states. PBF emphasizes safe operations, employee welfare, and positive community interactions while ensuring substantial returns for investors.
Contact Information
For more information about PBF Energy, stakeholders can reach out to Colin Murray for investor relations or Michael C. Karlovich for media inquiries through their respective contact channels.
Frequently Asked Questions
Who is the new Chief Financial Officer of PBF Energy?
Joseph Marino has been appointed as the new Chief Financial Officer of PBF Energy.
What will happen to Karen B. Davis?
Karen B. Davis will retire and rejoin the Board of Directors after her tenure as CFO.
How long has Joseph Marino been with PBF Energy?
Joseph Marino has been with PBF Energy since 2011, previously serving in various finance-related positions.
What is PBF Energy's focus moving forward?
PBF Energy aims to enhance operational efficiencies while also focusing on sustainable fuel production through strategic initiatives.
What partnerships does PBF Energy have?
PBF Energy is a 50% partner in the St. Bernard Renewables joint venture, which focuses on producing sustainable fuels.
