ST. LOUIS, Jan. 25 /PRNewswire/ -- The Premcor Refining Group Inc. announced today that, effective February 26, Ezra C. Hunt will be appointed as its new executive vice president and chief financial officer and will also serve as a director of the operating company. Mr. Hunt is currently the senior vice president and chief financial officer of CITGO Petroleum Corporation, an $11 billion refining and marketing company located in Tulsa, Oklahoma. "We are very pleased to make this announcement today," said William C. Rusnack, president and chief executive officer of Premcor. "Ezra brings a wealth of industry experience to Premcor and is the type of leader we want as the company moves forward in its goals to create shareholder value, increase profitability and become a world class refining company," he added. Mr. Hunt, 49, spent more than 3 years with CITGO and was responsible for all financial and administrative support services associated with CITGO's refining and marketing operations. Prior to joining CITGO, he served as senior vice president and chief financial officer of TIG Insurance Company. Mr. Hunt also spent over 20 years with Atlantic Richfield Company (ARCO) and was involved in all areas of its finance, strategic business planning and corporate governance. "During Ezra's tenure at CITGO, he provided leadership in the company to grow understanding, support and commitment to improved operational and financial performance," said Rusnack. "We expect Ezra to play a key role in the continued development and implementation of financial systems and administrative programs at Premcor that will further enhance the company's overall performance." The Premcor Refining Group Inc. is a fortune 500 company based in St. Louis, Missouri that operates three petroleum refineries with 485,000 barrels per day of total throughput capacity in the central United States. The Premcor Refining Group Inc. is a wholly-owned subsidiary of Premcor USA Inc., which is a wholly-owned subsidiary of Premcor Inc., whose principal shareholders are affiliates of the Blackstone Group (81%) and Occidental Petroleum (18%).
SOURCE The Premcor Refining Group Inc.