PARSIPPANY, N.J.--(BUSINESS WIRE)--PBF Energy Inc. (NYSE:PBF) and PBF Logistics LP (“PBFX”) are pleased to announce that Thomas L. O’Connor has joined the PBF team as a Senior Vice President with responsibility for business development and growing the business of PBF Logistics.
Mr. O’Connor has 20 years of oil industry experience and joins PBF from Morgan Stanley where he was most recently a Managing Director and Global Head of Crude Oil Trading and Global Co-Head of Oil Flow Trading. In this role, he managed a number of activities including pipeline and storage positions related to physical and derivative commodities trading activities. Additionally, Mr. O’Connor oversaw the crude oil gathering activities of TransMontaigne Product Services Inc., a Morgan Stanley subsidiary, where he worked with producers and refiners to provide logistical solutions in key markets with a team of lease buyers along with a fleet of rail cars and crude transport trailers. Prior to joining Morgan Stanley in 2000, he worked for the Tosco Corporation from 1995 to 2000 in the Atlantic Basin Fuel Oil and Feedstocks Team. Mr. O’Connor is a graduate of Hobart College with a degree in Economics.
PBF Energy and PBF Logistics Chief Executive Officer Thomas Nimbley said, “We are very pleased to have Tom join our team. He brings a wealth of oil industry knowledge and we will leverage his expertise in sourcing and transporting crude oil to grow both our refining and logistics businesses.”
About PBF Energy Inc.
PBF Energy Inc. (NYSE: PBF) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in Delaware City, Delaware, Paulsboro, New Jersey and Toledo, Ohio. Our mission is to operate our facilities in a safe, reliable and environmentally sensitive manner, provide employees with a safe and rewarding workplace, become a positive influence in the communities where we do business, and provide superior returns to our investors.
PBF Energy Inc. also indirectly owns the general partner and approximately 50.2% of the limited partnership interest of PBF Logistics LP (NYSE: PBFX).
PBF Logistics LP
PBF Logistics LP, headquartered in Parsippany, New Jersey, is a fee-based, growth-oriented master limited partnership formed by PBF Energy to own or lease, operate, develop and acquire crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets.
Statements in this press release relating to future plans, results, performance, expectations, achievements and the like are considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which may be beyond the company's control, that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors and uncertainties that may cause actual results to differ include but are not limited to the risks disclosed in the company's filings with the SEC, as well as the risks disclosed in PBF Logistics LP’s SEC filings and any impact PBF Logistics LP may have on the company's credit rating, cost of funds, employees, customers and vendors; risks relating to the securities markets generally; the impact of adverse market conditions affecting the company, unanticipated developments, regulatory approvals, changes in laws and other events that negatively impact the company. All forward-looking statements speak only as of the date hereof. The company undertakes no obligation to revise or update any forward-looking statements except as may be required by applicable law.