BRENTWOOD, Tenn. -- Delek U.S. Holdings Inc. and Delek Logistics Partners LP have hired Kevin Kremke to join the companies as executive vice president, effective April 1.
Kremke, who has nearly 20 years of financial experience in the energy sector, will hold this role until June 1, at which point he will be named EVP and chief financial officer.
“Kevin’s financial experience in the energy markets and with MLPs (master limited partnerships) will benefit our organization as we continue to grow through completion of the acquisition of Alon USA and the integration of the companies,” said Uzi Yemin, chairman, president and CEO of Delek U.S. Holdings Inc. and chairman and CEO of the general partner of Delek Logistics Partners LP.
Current EVP and CFO Assi Ginzburg is resigning, effective June 1. Ginzburg will continue to work as vice president, overseeing the business development and strategic planning of Delek. He also will remain a member of the board of directors of Delek Logistics GP LLC, the general partner of Delek Logistics Partners LP.
“[Kevin’s] start date in early April will provide time for [him] and Assi to work together until June 1 to provide a smooth transition to the CFO role,” Yemin said.
Most recently, Kremke was CFO of Ciner Resources Corp. and Ciner Resources Partners LP, where he was responsible for the overall accounting and finance functions, strategy/corporate development and investor relations. Prior to joining Ciner in 2014, he worked at Cheniere Energy Inc. as vice president of finance and strategic planning. He also held senior roles with Spark Energy Inc. and Reliant Energy Inc.
“I am joining Delek at an exciting time as it continues to grow,” Kremke said. “I look forward to working with Uzi and the management team to support these efforts and explore additional opportunities to drive shareholder value.”
Brentwood, Tenn.-based Delek U.S. Holdings Inc. is a diversified downstream energy company with assets in petroleum refining and logistics. The refining segment consists of refineries operated in Tyler, Texas, and El Dorado, Ark. Delek and its affiliates also own approximately 62% (including the 2% general partner interest) of Delek Logistics Partners LP, a master limited partnership focused on owning and operating midstream energy infrastructure assets. Delek owns approximately 47% of the outstanding common stock of Alon USA Energy Inc.