PBF Logistics LP (NYSE: PBFX), a subsidiary of PBF Energy Inc. (NYSE:
PBF), announced today that Todd O’Malley, President, PBF Logistic GP
LLC, has elected to pursue other opportunities and will be resigning
effective December 31, 2015. Mr. O’Malley has also resigned all of his
positions with PBF Energy and its other subsidiaries effective as of
December 31, 2015.
CEO Tom Nimbley said, “Todd has been an important member of PBF’s
management team since he joined us in 2010. Since January, he has worked
closely with me in positioning PBF Logistics for future growth. We
appreciate his valuable contributions to PBF and PBF Logistics over the
last five years and sincerely wish Todd well in his future endeavors.”
Forward-Looking Statements
This press release contains forward-looking statements (as that term is
defined under the federal securities laws) made by the Partnership and
its management. Such statements are based on current expectations,
forecasts and projections, including, but not limited to, anticipated
financial and operating results, plans, objectives, expectations and
intentions that are not historical in nature. Forward-looking statements
should not be read as a guarantee of future performance or results, and
may not necessarily be accurate indications of the times at, or by
which, such performance or results will be achieved. Forward-looking
statements are based on information available at the time, and are
subject to various risks and uncertainties, including risks relating to
the securities markets generally, the impact of adverse market
conditions impacting PBFX's logistics and other assets and other risks
inherent in PBFX's business. For more information concerning factors
that could cause actual results to differ from those expressed or
forecasted, see PBFX's filings with the Securities and Exchange
Commission including the Form 10-K. Forward-looking statements reflect
information, facts and circumstances only as of the date they are made.
PBFX assumes no responsibility or obligation to update forward-looking
statements except as may be required by law.
About PBF Logistics LP
PBF Logistics LP (NYSE: PBFX), headquartered in Parsippany, New Jersey,
is a fee-based, growth-oriented master limited partnership formed by PBF
Energy to own or lease, operate, develop and acquire crude oil and
refined petroleum products terminals, pipelines, storage facilities and
similar logistics assets.
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Copyright Business Wire 2015
Source: Business Wire
(October 16, 2015 - 4:30 PM EDT)
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