Alon USA (ALJ) Announces Expansion of Its Organizational Structure
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Alon USA Energy, Inc. (NYSE: ALJ) announced that the Board has approved changes to the Company's organizational structure in order to facilitate management of its expanded operations and to further prepare for the Company's planned initiatives and future growth opportunities. The management changes are effective immediately.
David Wiessman, Executive Chairman of the Board for Alon USA, commented, "Following our recent acquisition of the Krotz Springs refinery, we have now tripled our refining capacity and significantly expanded our asphalt and retail businesses over the past two years. We have also recently re-structured our branded marketing and retail businesses into a new operating segment. In May of this year, Kyle McKeen rejoined our company as President and CEO of the new branded marketing and retail segment and is leading our IPO initiative for this segment.
The announced management changes include the promotion of Joseph Israel, previously the Vice President of Mergers and Acquisitions, to the position of Chief Operating Officer (COO).
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