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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.

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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.

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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.

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