Delek US Holdings (DK) CFO Ginzburg Resigns

September 2, 2016 4:15 PM EDT

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Delek US Holdings, Inc. (NYSE: DK) and Delek Logistics Partners, LP (NYSE: DKL) (collectively with Delek US Holdings, Inc., “Delek”) announced that Executive Vice President and Chief Financial Officer Assi Ginzburg has decided to resign his role as chief financial officer effective November 4, 2016 to pursue a new Israeli-based opportunity. Delek has commenced the process of identifying Mr. Ginzburg’s successor.

Uzi Yemin, Chairman, President and Chief Executive Officer of Delek US Holdings, Inc. and Chairman and Chief Executive Officer of the general partner of Delek Logistics Partners, LP said “On behalf of everyone at Delek, I want to thank Assi for his years of service to our companies. Assi has been a friend and partner of mine for many years, and he has been an integral part of our growth and development since joining us in 2004. He has also served in numerous management capacities and provided solid financial leadership since becoming our CFO in 2013. During this time, we completed a multi-year investment strategy in refining, we grew Delek Logistics Partners, LP and, most recently, we completed steps to unlock the value of our retail assets while positioning us for future growth. We wish him all the best in his future endeavors.”

Assi Ginzburg, Executive Vice President and Chief Financial Officer of Delek US Holdings, Inc. and the general partner of Delek Logistics Partners, LP said “I am excited about the new opportunity, but this was not an easy decision for me and my family. Over the last twelve years, we have developed friends and relationships at Delek that we will miss. I am proud of what we accomplished and would like to thank the board, management, and my friend Uzi, for the opportunity to be part of this great company and its development. I leave the Company in a strong financial position and feel confident that the Delek team has the right strategy and is well positioned to create long-term value for shareholders.”

Following his departure, Mr. Ginzburg will remain as a member of the board of directors of Delek Logistics GP, LLC, the general partner of Delek Logistics Partners, LP.



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