Calumet Specialty Products Partners, L.P. (the company, partnership or Calumet) a leading independent producer of specialty hydrocarbon and fuels products, has named longtime energy industry professional D. West Griffin as the partnership's Executive Vice President & Chief Financial Officer (CFO), effective immediately. Mr. Griffin brings with him over 30 years of industry experience where he has served in executive management roles for a number of high profile energy-related corporations. As CFO, Griffin will be responsible for executing Calumet's ongoing deleveraging strategy, as well as all financing and capital markets activities. He will also be charged with managing the company's balance sheet and improving upon its financial planning capabilities.
Griffin joins Calumet from Energy XXI, a publicly listed energy E&P company where he was one of the three founders and also served as Chief Financial Officer from 2005 - 2014. Throughout his tenure with Energy XXI, Griffin employed his extensive background in debt refinancing and capital markets solutions to oversee the refinancing of the firm's capital structure and numerous growth-oriented acquisitions. Prior to joining Energy XXI, Griffin served as CFO at Alon USA, a refining and marketing company, and as CFO of InterGen North America, a joint venture between RDS Shell and Bechtel. Griffin began his career as an investment banker, working for both BT Securities and UBS.
Timothy Go, Chief Executive Officer commented, "West's deep energy experience and history of navigating numerous energy cycles, makes him a perfect fit for Calumet at this time. West's significant capital markets and corporate transformation background will help drive Calumet's strategy to both deliver the business in the near term, and to grow the partnership over the long term, as we reposition Calumet as the premier producer of specialty petroleum products. We are very excited to welcome West to our growing leadership team and look forward to working with him."
Additionally, the company also announced that Patrick Murray, the company's former Chief Financial Officer, will serve in the new position of VP & Chief Accounting Officer (CAO) at Calumet. This new leadership position will be responsible for further developing key organisational functions including all accounting, IT, and external reporting.
Go concluded, "I would like to thank Pat for his continued commitment to the partnership. He has served Calumet for over 18 years, and as CFO he has made significant contributions for the betterment of this company, from taking Calumet public in 2006, to helping to fund Calumet's growth through capital raising initiatives, and closing on some of the company's most successful M&A initiatives. Pat has been an integral part of my management team and has been a steady hand through this corporate transformation. He will continue to be a vital asset for us and we are glad to have his experience and foresight in addressing our evolving needs as a business."
Read the article online at: https://www.hydrocarbonengineering.com/product-news/06012017/calumet-names-new-evp-cfo/