PARR - Par Pacific Announces CEO Transition Plans | Benzinga
- William Pate to step down as Chief Executive Officer; will remain Director
- Will Monteleone, current President, will assume President and Chief Executive Officer position
HOUSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE:PARR) ("Par Pacific") today announced a leadership transition effective as of the Company's May 2024 shareholders' meeting. William Pate will retire as Chief Executive Officer at the upcoming annual shareholders' meeting after eight years as leader of the rapidly growing energy company. The company's Board of Directors unanimously appointed Will Monteleone to become the company's President and Chief Executive Officer. Monteleone has been with Par Pacific for more than a decade and has served in several leadership positions for the company. Pate and Monteleone will each continue to serve as members of the company's Board of Directors.
Robert Silberman, Chairman of Par Pacific's Board of Directors, said "Bill Pate has been the instrumental force behind Par Pacific's success since its inception over 10 years ago. He has served as the company's founding lead investor, a board member, and ...