leadership
confidence high
sentiment neutral
materiality 0.60
Calumet CFO Vince Donargo to retire April 2024; David Lunin appointed CFO Designate
Calumet Specialty Products Partners, L.P.
- Vince Donargo steps down as CFO on Dec 31, 2023, remains advisor until Apr 30, 2024 retirement.
- David Lunin appointed EVP and CFO Designate effective Sep 11, 2023; becomes CFO Jan 1, 2024.
- Lunin previously Managing Director at Goldman Sachs (Financial Institutions Group); base salary $475,000.
- Lunin eligible for annual bonus target 100% of salary and LTIP target 80% of salary; one-time grant of 20,000 phantom units.
- CEO cites Lunin's capital markets experience for deleveraging and potential monetization of Montana Renewables.