HOUSTON - Par Pacific Holdings, Inc. (NYSE: NYSE:PARR), a prominent energy company, has announced a significant change in its leadership. William Pate is set to retire from his role as Chief Executive Officer during the company’s annual shareholders' meeting in May 2024. Pate, who has been at the company's helm for eight years, will continue to serve on Par Pacific's Board of Directors.
The Board has unanimously appointed Will Monteleone, the current President, to assume the additional role of CEO upon Pate's retirement. Monteleone's tenure with Par Pacific spans over a decade, during which he has held various leadership roles.
Robert Silberman, Chairman of the Board, praised Pate for his pivotal role in expanding the company from its inception to its current status, with over $8.2 billion in revenue and significant earnings per share. Pate expressed his confidence in Monteleone's abilities to lead the company forward and maintain its growth trajectory.
Monteleone acknowledged the strong foundation laid by Pate and expressed enthusiasm for leading the company into its next phase of development, emphasizing a focus on shareholder value.
Par Pacific, headquartered in Houston, Texas, operates in the energy sector, providing renewable and conventional fuels in the western United States.
The company has a substantial presence in the Pacific Northwest, the Rockies, and Hawaii, with significant refining capacities, a widespread logistics network, and retail operations, including the nomnom convenience store chain.
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