Delek US Updates
May is Mental Health Awareness Month, and it brings to light the concern and awareness of mental health in the workplace. Mental Health Awareness Month began in the U.S. in 1949. This awareness was started by the Mental Health America (MHA) organization (then known as the National Association for Mental Health).
Refinery operations involve high-risk, changing and potentially hazardous processes and conditions. The company was seeking a proactive, technology-based data-driven approach to enhance their safety culture with new standards to ensure optimal management, efficiency, and operational excellence.
Uzi Yemin to transition from DK CEO to DK Executive Chairman, effective June 2022;
Avigal Soreq named Successor DK CEO
Uzi Yemin to remain Chairman of DKL and Avigal Soreq named President of DKL
Todd O’Malley named Chief Operating Officer of DK and DKL and
Nithia Thaver appointed DK EVP and President of Refining
Leonardo Moreno to join DK Board of Directors
— Underlying cost improvements and capital reductions across the portfolio position the company well for 2021
— COVID-19 vaccination uptake provides an increasing demand backdrop going forward
— Robust outlook for the retail segment with line of sight for strong growth potential
— “Capital light” approach to renewable diesel with $13 million option to acquire a one-third economic interest in GCE Holdings Acquisitions
— Expecting another 5% distribution growth year-over-year at Delek Logistics in 2021