SUGAR LAND, Texas, Dec. 1, 2014 /PRNewswire/ -- CVR Energy, Inc. (NYSE: CVI) today announced that Marty Power has joined the company as chief commercial officer, effective immediately. Power also will serve as chief commercial officer for the general partner of CVR Energy's petroleum subsidiary, CVR Refining, LP (NYSE: CVRR).
In his new role, Power is responsible for crude oil acquisition and petroleum marketing for CVR Refining.
Power has more than 35 years of experience in the areas of crude oil and petroleum products related to trading, marketing, logistics and business development. Most recently, he served as manager of business development and as a trading manager at Koch Supply & Trading, LP. Previous to Koch, Power was co-founder and president of Riverway Petroleum Partners, LLC, a petroleum products trading and logistics company.
"Marty's wealth of experience in the petroleum industry will be of great benefit to our company," said Chief Executive Officer Jack Lipinski. "We are pleased to welcome him to our management team."
Previous to Riverway Petroleum Partners, Power spent much of his career in senior management roles for major petroleum companies. He served as managing director of light products and managing director of crude oil for El Paso Merchant Energy; vice president of trading, vice president of foreign crude and senior vice president of light products for Coastal States Trading; and as a senior trader for BP North America Petroleum and BP Oil Supply.
Power holds a Bachelor of Science in Business Administration – Accounting from Nichols College and serves on its Board of Trustees.
About CVR Energy, Inc.
Headquartered in Sugar Land, Texas, CVR Energy is a diversified holding company primarily engaged in the petroleum refining and nitrogen fertilizer manufacturing industries through its holdings in two limited partnerships, CVR Refining, LP and CVR Partners, LP. CVR Energy subsidiaries serve as the general partner and own a majority of the common units representing limited partner interests of CVR Refining and CVR Partners.
For further information, please contact:
Media Relations:
Angie Dasbach
CVR Energy, Inc.
(281) 207-3550
MediaRelations@CVREnergy.com
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SOURCE CVR Energy, Inc.