leadership
confidence high
sentiment neutral
materiality 0.35
PBF Energy reorganizes senior leadership; O'Connor and Davis assume new roles April 11
PBF Energy Inc.
- Thomas O'Connor moves to SVP Commodity Risk and Strategy from SVP Commercial.
- T. Paul Davis moves to SVP Supply, Trading and Optimization from President Western Region.
- CEO stock ownership guideline increased to 6x salary from 5x salary.
- Compensation Committee approved forms of 2023-2025 performance share unit agreements; no awards granted yet.
- Changes are part of a business reorganization to position the company for long-term success.