BRENTWOOD, Tenn., Sept. 6, 2022 /PRNewswire/ — Delek US Holdings, Inc. ( NYSE:DK) (“Delek US” or the “Firm”) at the moment introduced that Mark Hobbs will be part of Delek within the upcoming weeks to fill the position of Govt Vice President, Company Improvement. In his new position, Mr. Hobbs will work intently with Delek’s administration crew to steer the Firm’s company improvement features. He’ll contribute to the Firm’s efforts of bringing the “sum of the components” valuation to fruition, together with figuring out development alternatives in each present and new markets.
Mr. Hobbs is an skilled funding banker with over 28 years of power trade expertise, main and taking part in strategic advisory engagements throughout the downstream sector. He brings deep sector information with experience in downstream, midstream, oilfield providers and renewables.
“Mark is a dynamic and confirmed strategic chief who’s uniquely certified for this position. He brings a useful mixture of abilities and expertise to our crew with confirmed monetary experience and in depth information of our trade,” Delek US President and CEO Avigal Soreq mentioned. “I stay up for partnering with Mark to speed up the Firm’s development technique. He will probably be instrumental in serving to us unlock the “sum of the components” worth of Delek’s current enterprise whereas figuring out development alternatives to reinforce the Firm’s scale and diversified income streams, together with the choice power markets.”
Mr. Hobbs joins Delek US from Citigroup, the place he spent the previous 11-years as a Managing Director, main protection efforts throughout the worldwide downstream sector, together with renewable fuels. He has labored intently with worldwide oil corporations, nationwide oil corporations and unbiased refiners advising on each strategic and capital elevating transactions. Previous to Citigroup, Mr. Hobbs labored for different world monetary establishments in management roles in each Houston and London. He holds a Grasp of Enterprise Administration from Columbia Enterprise College and a Bachelor of Enterprise Administration from the College of Texas at Austin.
“I’m excited to affix the Delek crew,” mentioned Mr. Hobbs. “The Firm has large momentum and is well-positioned for substantial development with glorious alternatives in entrance of it. I stay up for working with the crew to activate methods that can allow Delek to develop sooner or later.”
About Delek US Holdings, Inc.
Delek US Holdings, Inc. is a diversified downstream power firm with property in petroleum refining, logistics, asphalt, renewable fuels and comfort retailer retailing. The refining property include refineries operated in Tyler and Large Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a mixed nameplate crude throughput capability of 302,000 barrels per day.
The logistics operations include Delek Logistics. Delek US and its associates additionally personal the final associate and an approximate 80 p.c restricted associate curiosity in Delek Logistics. Delek Logistics is a growth-oriented grasp restricted partnership centered on proudly owning and working midstream power infrastructure property.
The comfort retailer retail enterprise operates roughly 250 comfort shops in central and west Texas and New Mexico.
SOURCE Delek US Holdings, Inc.