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October 09, 2015 5:13 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Axeon Specialty Products LLC

Company Overview

Axeon Specialty Products LLC refines and markets specialty petroleum products. The company offers asphalt products, including conventional asphalt, stellarflex polymer modified asphalt, stellarflex fuel resistant asphalt, and warm mix asphalt, as well as specialty modified asphalt products; and intermediates, such as vacuum gas oil, naphtha, marine diesel oil, and fuel oil. Its products are used in construction and resurfacing of roadways, commercial and private development, and roofing industry and emulsions applications. The company primarily serves customers in the United States, Canada, Mexico, Central and South America, the Caribbean, Europe, West Africa, North Africa, and New Zealand. ...

750 Washington Boulevard

Suite 600

Stamford, CT 06901

United States

Founded in 2012



Key Executives for Axeon Specialty Products LLC

Chief Executive Officer
Age: 58
Executive Vice President and President of Refining and Supply
President of Retail Marketing and Executive Vice President
Age: 61
Senior Vice President and General Counsel
Compensation as of Fiscal Year 2015.

Axeon Specialty Products LLC Key Developments

Axeon Specialty Products Announces Executive Changes; Plans to Establish an Executive Office in Stamford, Connecticut

Axeon Specialty Products announced that David Kirshner has been appointed Chief Executive Officer, effective May 1, 2014. Kirshner succeeds Michael Pesch, who will retire from the company and serve as an advisor over the next year. Until February 2014, Axeon SP was known as NuStar Asphalt. Most recently, Kirshner served as Senior Vice President of Commercial for Tesoro Corp., and was a member of the Tesoro executive committee. Kirshner's direct responsibilities included the development of the business strategy, controls, measurement and day-to-day management of Tesoro's commercial activities. Prior to Tesoro Corp., Kirshner served as Vice President of Supply, Trading and Transportation at Hess Corp., where he also served as a member of the Hess Marketing and Refining Leadership Team, and spent more than 20 years at Mobil and ExxonMobil working across numerous functions. In addition, Axeon SP has appointed Darius Sweet as Executive Vice President and President of Refining and Supply. Sweet comes to Axeon SP from Hess Corp., where he served as Senior Vice President of Refining, Terminals and Supply and was responsible for overseeing the company's refining assets and terminal network. He was also a member of the Hess Marketing and Refining Leadership Team and Operational Excellence Leadership Team. Prior to joining Hess, Sweet served as an engineer with Exxon and as a supply analyst with Mobil. As part of company's continued commitment to the East Coast, the company will establish an executive office in Stamford, Connecticut, over the next six months, in order to further strengthen operations and relationships with customers, partners and suppliers in that region. Kirshner and Sweet will be based in Stamford, along with members of Axeon SP's crude supply, intermediates marketing, planning & economics, transportation and asphalt marketing teams. The Stamford office will extend Axeon SP's East Coast footprint and complement existing refining and storage facilities in Paulsboro, NJ, Savannah, GA, Wilmington, NC, and Dumfries, VA. The company is continuing to make investments in its Paulsboro facility, which provides more than 100 jobs and consists of two petroleum refining units, a liquid storage terminal, three marine docks, rail offloading capacity, a polymer modified asphalt (PMA) production facility and a testing laboratory.

NuStar Seeks Acquisitions

NuStar Asphalt LLC is looking for acquisition opportunities. Claire Riggs, spokeswoman, NuStar, said, "NuStar also is looking to grow through acquisition or partnerships, so it made sense to stay here because our operations may expand beyond the East Coast."

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