PARSIPPANY, N.J. – A high-profile convenience-store executive has moved to the upstream petroleum side of the business. Kim Lubel, former chairman, CEO and president of CST Brands Inc., has been elected as an independent director of PBF Energy Inc., effective Aug. 2.
Lubel left the San Antonio-based c-store retailer June 28, the day Laval, Quebec-based global c-store company Alimentation Couche-Tard Inc. closed on its $4.4 billion acquisition of CST Brands.
"We are very pleased to have Kim join PBF's board of directors,” said Thomas Nimbley, PBF's chairman and CEO. "She brings a wealth of experience as an executive leader and independent director in the energy sector and is particularly knowledgeable about the independent refining sector. I expect her to be a valued contributor to the PBF Energy board."
Lubel brings significant experience to PBF as a board member of public entities. She was with CST Brands from Jan. 1, 2013, to the end of June 2017. She also was chairman of CrossAmerica GP LLC, the general partner of Allentown, Pa.-based CrossAmerica Partners LP, from October 2014 to June 2017. And she was executive vice president and general counsel of San Antonio-based Valero Energy Corp. from 2006 to 2012 and served as its vice president of legal services from 2003 to 2006.
Refiner-marketer Valero spun off CST Brands in 2013.
Lubel has been an independent director of WPX Energy Inc. since January 2012, where she is a member of the nominating and corporate governance committee.
In 2015, Fortune magazine named Lubel as one of the Most Powerful Women in Business.
CST Brands operated more than 2,000 c-stores throughout the southwestern United States, Georgia, Florida, New York and eastern Canada.
Couche-Tard's network includes 8,081 c-stores throughout North America, including 6,710 stores selling motor fuel. Its North American network consists of 15 business units, including 11 in the United States covering 41 states and four in Canada covering all 10 provinces.
Parsippany, N.J.-based PBF Energy is one of the largest independent refiners in North America, operating oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. It also indirectly owns the general partner and approximately 44.1% of the limited partnership interest of PBF Logistics LP.
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