Join        Login             Stock Quote

Delek US Holdings (DK), Delek Logistics (DKL) Appoint New Finance Chief

 January 18, 2013 09:46 AM

(By Balaseshan) Delek US Holdings Inc. (NYSE: DK), a downstream energy company, and general partner Delek Logistics Partners LP (NYSE: DKL) have appointed Executive Vice President Assi Ginzburg as Chief Financial Officer, effective immediately.

Ginzburg succeeds Mark Cox, who will continue to serve as an Executive Vice President of both companies through March 31, 2013 to ensure a smooth transition.

Ginzburg has been with Delek US since 2004 and Delek Logistics since its inception in 2012, working in a variety of senior management and financial roles.

[Related -What The Market Wants: New Twist On Flight To Safety]

In addition, Ginzburg serves as a member of the board of directors of the general partner of Delek Logistics. He has also been a member of the Israel Institute of Certified Public Accountants since 2001.

On January 9, Delek US Holdings said it has agreed to buy a biodiesel production facility and related assets based in Cleburne, Texas from EQM Technologies & Energy Inc. for about $5.3 million. This transaction is expected to close on or before January 23. The company will continue to explore opportunities to grow its business and return value to its shareholders during 2013.

On December 19, 2012, Delek US said its board has elected Uzi Yemin to serve in the newly created position of Chairman of the Board. Yemin has served as Chief Executive Officer of Delek US since June 2004 and as President and a Director since April 2001. Yemin will continue in his role as President and Chief Executive Officer of Delek US.

[Related -Mixed, Productive Day]

Delek Logistics Partners, which is a growth-oriented master limited partnership, was formed by Delek US to own, operate, acquire and construct crude oil and refined products logistics and marketing assets.

DK is trading up 0.36% at $31 on Friday, while DKL trades up 0.16% at $24.69.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageInitial Jobless Claims Rose Unexpectedly

Claims unexpectedly rose in the latest report through last weekend to breach 300,000 for the first time read on...

article imageAll Quiet on the Record High Front

What can we glean from the media’s lack of attention to the market’s recent record read on...

article imageThe Chip Maker Short Sellers Should Be Watching

Investing in semiconductor stocks is always tricky. Industry cycles can lead to bumps in the road for the read on...

article imageChicago Fed: US Economic Growth Slowed In October

The pace of US growth slowed more than expected in October, according to this morning’s update of the read on...

Popular Articles

Daily Sector Scan
Partner Center

Related Articles:

Bull And Bear Picks In Retail
More Articles on: Oils/Energy

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.