PHILADELPHIA, March 13, 2014 /PRNewswire/ -- Philadelphia Energy Solutions LLC, is pleased to announce that oil refining industry veteran David M. Ritter has been appointed to the newly created position of Executive Vice President and Chief Operating Officer reporting directly to PES' Chief Executive Officer, Philip L Rinaldi. Mr. Ritter will formally join PES effective March 24, 2014 and will thereafter have principal responsibility for PES' operations, including particularly its production, distribution and logistics operations. Mr. Ritter will also join the PES Board.
Mr. Rinaldi says: "PES is delighted to have a seasoned executive of this high caliber join our team as we continue to aggressively grow the presence and efficacy of our existing business and develop plans for the future direction of the company. The breadth and depth of David's experience will be an incredible asset to PES."
Mr. Ritter has more than 30 years of leadership experience in the energy industry with deep focus on oil and gas operations. He has spent more than a third of his career living and working abroad. He served as a Vice President for Royal Dutch Shell from 2004 through 2010 based in The Hague and in Milan, Italy, and he began his career with Mobil Oil Corporation where he progressed through a series of management roles here and abroad. He also has significant management consulting experience having served as a leader in the downstream and supply chain consulting practice of CG Ernst & Young from 2000 to 2004 and immediately prior to joining PES he was President of the Haymarket Group, a boutique energy industry consulting firm.
David Ritter, a native of Pennsylvania, holds a BS in Civil Engineering and an MBA from Lehigh University and currently resides with his family in The Woodlands, Texas and Blue Bell, Pennsylvania.
About Philadelphia Energy Solutions
Philadelphia Energy Solutions, a joint venture between The Carlyle Group and Sunoco (now part of Energy Transfer Partners), owns and operates the Point Breeze and Girard Point oil refineries located on an integrated, 1,500 acre refining complex in Philadelphia. The 350,000 barrels per day of combined capacity makes PES the largest refining complex on the Eastern Seaboard. PES is a leader in opening east coast markets to midcontinent crude and currently sources more than 200,000 barrels per day of Bakken and other midcontinent crudes by rail.
For further information contact:
Cherice Corley 215-339-7061
SOURCE Philadelphia Energy Solutions