Northern Tier Energy LLC announced today that Neal E. Murphy will join
the company as its Chief Financial Officer, effective immediately.
Northern Tier Energy LLC was formed last month, when ACON Investments
and TPG Capital announced their agreement with Marathon Oil
Corporation’s wholly owned subsidiary, Marathon Petroleum Company LP, to
acquire the majority of Marathon’s Minnesota downstream assets. TPG
Capital and ACON Investments formed Northern Tier Energy LLC to operate
the assets. The transaction is expected to close before year-end,
subject to customary closing conditions.
“Neal is a great addition to the Northern Tier Energy senior management
team,” said Mario E. Rodriguez, Chief Executive Officer of Northern Tier
Energy. “As a highly experienced CFO, he brings to our company a
seasoned global perspective and an outstanding track record of building
and managing financial organizations.”
Most recently, Mr. Murphy, 53, was Vice President and Chief Financial
Officer of Sunoco Logistics Partners, L.P. Sunoco Logistics is a
$7-billion, publicly held company engaged in the transport, terminalling
and storage of refined products and crude oil and the purchase and sale
of crude oil. At Sunoco, Mr. Murphy was a member of a five-person
leadership team and led the Finance, Information Technology, Human
Resources, and Investor Relations functions.
Prior to joining Sunoco Logistics, Mr. Murphy held Chief Financial
Officer positions with Quaker Chemical Corporation, a global producer of
industrial lubricants and coatings, from 2004 to 2007, and with
International Specialty Products, a global producer of specialty
chemicals, from 2002 to 2004. From 1989 to 2001, Mr. Murphy held
financial positions in the United States for PQ Corporation, a world
leader in soluble silicates and engineered glass materials, and also was
president of PQ Corporation’s European operations. Mr. Murphy began his
career in 1979 at Coopers & Lybrand, where he served for a decade with a
client focus on utilities, energy and manufacturing.
Mr. Murphy received a BS degree in Accounting from Villanova University
in 1979 and an MS degree in Taxation from Widener University in 1985. He
also completed Harvard University’s 11-week International Executive
Advanced Management Program. He is a Certified Public Accountant.
This announcement does not constitute or form part of an offer or
solicitation of an offer to purchase or subscribe for securities in the
United States or any other jurisdiction.