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Western Refining Names New CEO

EL PASO, Texas -- Western Refining Inc. appointed Jeff Stevens, currently president and chief operating officer, as president and chief executive officer of the company, succeeding Paul Foster, who will continue as an officer of the company in the position of executive chairman and will continue to lead Western's board of directors as chairman, the company reported.

"Jeff has been a valuable member of Western's leadership team and has been critical to the company's success since 2000," said Foster. "His many achievements, both at Western and prior to joining Western, demonstrate his ability to guide Western as its next CEO. This appointment is consistent with our long-term succession planning. I look forward to continuing to work with Jeff in his new role."

Stevens is one of the original founders of Western and has more than 25 years of refining and marketing experience. In February 2009, he was appointed Western's president and COO, responsible for all aspects of the company's operations, including the refining, retail, wholesale and logistics business units. Previously, he served as COO beginning in April 2008, executive vice president beginning in September 2005 and executive vice president of a subsidiary of the company since 2002, responsible for all of Western's marketing and supply activities, the company reported.

"I am honored to carry on the many achievements that have been accomplished by Western's dedicated employees as the company's new CEO," Stevens said in a released statement. "Notwithstanding the challenges our industry and our company have faced, Western has made measurable progress over the past year in building a more flexible operating platform and improving our financial strength. I look forward to working with the board, the company's leadership team and our many talented employees across the company to build on this progress and grow value for our shareholders."

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