PBF Energy Announces Election of Edward F. Kosnik to its Board of Directors

  PBF Energy Announces Election of Edward F. Kosnik to its Board of Directors

Business Wire

PARSIPPANY, N.J. -- February 20, 2013

PBF Energy Inc. (NYSE: PBF) announced today the election of Edward F. Kosnik
as an independent member to its Board of Directors. Mr. Kosnik will also serve
on PBF’s Audit Committee.

During his extensive career, Mr. Kosnik served as President and Chief
Executive Officer of Berwind Group, a diversified, industrial real estate and
financial services company, from 1999 to 2001, and as its President and Chief
Operating Officer from 1997 to 1999. From 1994 to 1997, he was Executive Vice
President and Chief Financial Officer at Alexander and Alexander, Inc., a
global insurance broker and risk management company. He previously was
Chairman, President and Chief Executive Officer of JWP, Inc. and was President
and Chief Executive Officer of Sprague Technologies. Mr. Kosnik also was
Executive Vice President and Chief Financial Officer of Penn Central and held
various senior management positions at Arvida Corporation. Mr. Kosnik has also
served on the Board of Trustees for Marquette University.

Previously, Mr. Kosnik has served as a Director and member of the Audit
Committees of Buckeye Partners L.P. from its 1986 inception until September
2007, Premcor Inc. from November 2004 to September 2005, Semgroup Energy
Partners L.P. from July 2008 to November 2009, and Steelpath MLP Funds Trust
from January 2010 to December 2012.

Mr. Kosnik earned a bachelor's degree from Marquette University and a M.B.A.
from the Wharton School at the University of Pennsylvania. Following his
graduation from Marquette, he served as an officer in the United States Navy.

Thomas D. O’Malley, PBF’s Executive Chairman, said, “We are very pleased to
have Mr. Kosnik join PBF’s Board. Mr. Kosnik’s broad financial and corporate
background, and knowledge of the refining and logistics sectors, will be of
great benefit to PBF as we continue to develop the company.”

About PBF Energy Inc.

PBF Energy Inc. (NYSE:PBF) is one of the largest independent refiners in North
America, operating, through its subsidiaries, oil refineries and related
facilities in Delaware City, Delaware, Paulsboro, New Jersey and Toledo, Ohio.
Our mission is to operate our facilities in a safe, reliable and
environmentally sensitive manner, provide employees with a safe and rewarding
workplace, become a positive influence in the communities where we do
business, and provide superior returns to our investors.

Contact:

PBF Energy Inc.
Colin Murray (investors)
ir@pbfenergy.com
973-455-7578
or
Michael C. Karlovich (media)
mediarelations@pbfenergy.com
973-455-8994
 
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