HollyFrontier Corporation Announces Retirement of Executive Chairman Matthew Clifton
Matthew Clifton announced that he will retire as Executive Chairman of
HollyFrontier Corporation (NYSE: HFC) on January 1, 2013. Mr. Clifton is
retiring with more than 30 years of service at HollyFrontier.
Mr. Clifton also currently serves as, and will continue to serve as, the
Chairman and Chief Executive Officer of Holly Logistic Services, L.L.C.,
which is a wholly-owned subsidiary of the Company and the general
partner of HEP Logistics Holdings, L.P., which is the general partner of
Holly Energy Partners, L.P.
"I have decided to retire from my position as Executive Chairman of
HollyFrontier in order to have more time to dedicate to certain
non-profit organizations," said Mr. Clifton. "It has been a real honor
and pleasure to work at HollyFrontier for 32 years. I have had the
opportunity to work with many extraordinary individuals during that
time. I look forward to continuing with Holly Energy Partners."
"The Company is very appreciative of Matt's 30 plus years of leadership
and service to HollyFrontier and its predecessors," said Michael
Jennings, President and Chief Executive Officer of HollyFrontier.
In connection with Mr. Clifton's retirement, the Board named Mr.
Jennings as Chairman of the Board, effective January 1, 2013.
About HollyFrontier Corporation
HollyFrontier Corporation, headquartered in Dallas, Texas, is an
independent petroleum refiner and marketer that produces high value
light products such as gasoline, diesel fuel, jet fuel and other
specialty products. HollyFrontier operates through its subsidiaries a
135,000 barrels per stream day ("bpsd") refinery located in El Dorado,
Kansas, a 125,000 bpsd refinery in Tulsa, Oklahoma, a 100,000 bpsd
refinery located in Artesia, New Mexico, a 52,000 bpsd refinery located
in Cheyenne, Wyoming and a 31,000 bpsd refinery in Woods Cross, Utah.
HollyFrontier markets its refined products principally in the Southwest
U.S., the Rocky Mountains extending into the Pacific Northwest and in
other neighboring Plains states. A subsidiary of HollyFrontier also owns
a 44 percent interest (including the 2 percent general partner interest)
in Holly Energy Partners, L.P.
Information about HollyFrontier may be found on its website at http://www.hollyfrontier.com.
Julia Heidenreich, 214-871-3555
Source: HollyFrontier Corporation
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