Shareholders of Delek US Holdings this week backed the companyâs slate of directors, turning away three board member candidates pushed by CVR Energy, a peer controlled by noted investor Carl Icahn.
CVR owns 15 percent of Brentwood-based Delek and has been pushing for months to have the company change a number of strategic goals and governance practices, including the compensation of Chairman and CEO Uzi Yemin. But in a statement Thursday, the local company said its eight incumbent board members received more than 90 percent of the voted shares not owned by CVR.
âWe appreciate the support of our shareholders. Moving forward, we remain firmly focused on overseeing and executing the company s strategy and continuing to evaluate opportunities to drive value,â the company said. âWe look forward to maintaining our constructive engagement with our shareholders and remain committed to acting in the best interests of the company and all Delek shareholders.â
Todd O Malley
Delek US Holdings has hired a veteran of Gulf Oil and PBF Energy to be its chief commercial officer and help refine its strategies.
Todd O’Malley comes to Brentwood-based Delek and its majority-owned Delek Logistics Partners after nearly a year of leading energy consulting and investment firm Citizens Companies and three years of leading TKO Energy Enterprises, his own advisory services firm. Before that, the 47-year-old was chief commercial officer at Gulf Oil for nearly two years and held various roles at PBF Energy, including as president of its PBF Logistics general partnership.
“We are pleased to welcome Todd to the Delek family,” said Uzi Yemin, chairman, president and CEO of Delek US. “Todd brings a wealth of private equity, trading, capital markets, operations, and management expertise in the energy and renewable sectors to his role at Delek. This aligns our company for future growth with strong proven leadership.”
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Exec retired from HollyFrontier role in ’19
Denise McWatters
Delek US Holdings has hired as general counsel an executive with more than a decade of experience at one of the company’s peers.
Denise McWatters has joined Brentwood-based Delek about 18 months after she retired from HollyFrontier as GC, senior vice president, chief compliance officer and secretary. She had spent nearly a dozen years with the company after being the legal chief at construction conglomerate The Beck Group.
At Delek, McWatters fills the seat vacated last year by Regina Bynote Jones, who had joined the oil refiner and marketer
in the spring of 2018 and is now chief legal officer at oil field services company Baker Hughes.