Breaking News

Tweet TWEET

Delek US Holdings Announces Changes to Board of Directors

  Delek US Holdings Announces Changes to Board of Directors

Business Wire

BRENTWOOD, Tenn. -- December 30, 2013

Delek US Holdings, Inc. (the “Company”) (NYSE: DK), a diversified energy
company with assets in the petroleum refining, logistics and retail
industries, today announced the resignation of Gabriel Last and Asaf Bartfeld
from its board of directors effective December 31, 2013. Mr. Last, chairman of
the board of directors of Delek Group, Ltd. (“Delek Group”) and Mr. Bartfeld,
president and chief executive officer of Delek Group, have served as directors
of the Company since January 2002. With the reduction of Delek Group’s
beneficial ownership in the Company over the past two years, both Messrs. Last
and Bartfeld have elected to end their representation on the Company’s board
of directors.

“I appreciate the support and guidance that Gabriel and Asaf have provided to
the Company. Their contributions have been important to the significant growth
we have achieved since our inception. On behalf of the entire board, I want to
thank them for their service and leadership that benefited our shareholders,
employees and customers during this time,” said Uzi Yemin, Chairman, President
and Chief Executive Officer of Delek US Holdings.

About Delek US Holdings

Delek US Holdings, Inc. is a diversified downstream energy company with assets
in petroleum refining, logistics and convenience store retailing. The refining
segment consists of refineries operated in Tyler, Texas and El Dorado,
Arkansas with a combined nameplate production capacity of 140,000 barrels per
day. Delek US Holdings, Inc. and its affiliates also own approximately 62
percent (including the 2 percent general partner interest) of Delek Logistics
Partners, LP. Delek Logistics Partners, LP (NYSE: DKL) is a growth-oriented
master limited partnership focused on owning and operating midstream energy
infrastructure assets. The retail segment markets motor fuel and convenience
merchandise through a network of approximately 362 company-operated
convenience store locations operated under the MAPCO Express®, MAPCO Mart®,
East Coast®, Fast Food and Fuel™, Favorite Markets®, Delta Express® and
Discount Food Mart™ brand names.

Safe Harbor Provisions Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based upon
current expectations and involve a number of risks and uncertainties.
Statements concerning current estimates, expectations and projections about
future results, performance, prospects and opportunities and other statements,
concerns, or matters that are not historical facts are “forward-looking
statements,” as that term is defined under the federal securities laws.

Investors are cautioned that the following important factors, among others,
may affect these forward-looking statements. These factors include but are not
limited to: risks and uncertainties with respect to the quantities and costs
of crude oil we are able to obtain and the price of the refined petroleum
products we ultimately sell; losses from derivative instruments; management’s
ability to execute its strategy of growth through acquisitions and the
transactional risks associated with acquisitions; our competitive position and
the effects of competition; the projected growth of the industries in which we
operate; changes in the scope, costs, and/or timing of capital and maintenance
projects; general economic and business conditions, particularly levels of
spending relating to travel and tourism or conditions affecting the
southeastern United States; potential conflicts of interest between our
majority stockholder and other stockholders; and other risks contained in our
filings with the United States Securities and Exchange Commission.

Forward-looking statements should not be read as a guarantee of future
performance or results and will not be accurate indications of the times at,
or by which such performance or results will be achieved. Forward-looking
information is based on information available at the time and/or management’s
good faith belief with respect to future events, and is subject to risks and
uncertainties that could cause actual performance or results to differ
materially from those expressed in the statements. Delek US undertakes no
obligation to update or revise any such forward-looking statements.

Contact:

U.S. Investor / Media Relations Contact:
Delek US Holdings, Inc.
Keith Johnson, 615-435-1366
Vice President of Investor Relations
or
Alpha IR Group
Chris Hodges, 312-445-2870
Founder & CEO
 
Press spacebar to pause and continue. Press esc to stop.