Indianapolis-based Calumet Specialty Products Partners LP (Nasdaq: CLMT) has announced Tim Go will become CEO at the start of next year. He most recently served as a vice president of Koch Industries Inc. subsidiary, Flint Hills Resources.
The company says Bill Hatch will be interim CEO until the end of the year, then stay on with the Calumet in the newly-created position of executive advisor to the partnership. Go takes the helm January 1. Calumet says Go has more than 25 years of executive-level experience in the petroleum refining and specialty products markets, including 20 years with Exxon Mobil Corp. (NYSE: XOM).
Board Chairman Fred Fehsenfield said the board’s approval of Go was unanimous. "Tim’s decades of experience as a senior refining executive, coupled with his significant technical knowledge of the markets in which we operate, position him for long-term success in this pivotal role. We are extraordinarily pleased to welcome Tim to the Calumet family."
"Calumet is a dominant player in the specialty petroleum products industry, having earned the admiration and respect of its competitors, customers and investors through an unwavering commitment to operational excellence, product quality and profitable growth," said Go.
Former CEO William Grube resigned from the position in March and has since become executive vice chairman.
The company manufactures lubricants, solvents and waxes for industrial, consumer and automotive industries. It has 14 facilities in locations including Indiana, Louisiana, Wisconsin, Montana, Pennsylvania, Texas, New Jersey, Oklahoma, Missouri and North Dakota.