PBF Energy Announces Joseph Marino to Become Chief Financial Officer Upon Retirement of Karen B. Davis
PBF Energy (NYSE:PBF) has announced a significant leadership transition, with Joseph Marino appointed as Chief Financial Officer effective October 1, 2025, succeeding Karen B. Davis who will retire from her executive role. Davis will rejoin the company's Board of Directors, where she previously served from January 2020 through December 2022.
Marino, 46, currently serves as PBF's Treasurer, a position he has held since 2020. He joined the company in 2011 and has held various finance and accounting roles, including Assistant Controller from 2015 to 2020. Prior to PBF, he worked at Ernst & Young LLP, bringing extensive experience in oil and gas, industrial products, retail consumer products, and health science industries.
PBF Energy (NYSE:PBF) ha annunciato un importante cambiamento ai vertici: Joseph Marino sarà nominato Chief Financial Officer a partire dal 1° ottobre 2025, prendendo il posto di Karen B. Davis che lascerà il suo ruolo esecutivo per andare in pensione. Davis tornerà a far parte del Consiglio di Amministrazione, di cui era già stata membro dal gennaio 2020 al dicembre 2022.
Marino, 46 anni, è attualmente il Tesoriere di PBF, carica ricoperta dal 2020. In azienda dal 2011, ha ricoperto diversi ruoli in ambito finanziario e contabile, incluso quello di Assistant Controller dal 2015 al 2020. Prima di entrare in PBF ha lavorato presso Ernst & Young LLP, maturando vasta esperienza nei settori oil & gas, prodotti industriali, beni di consumo retail e scienze della salute.
PBF Energy (NYSE:PBF) ha anunciado una importante transición en su liderazgo: Joseph Marino será nombrado Chief Financial Officer con efecto a partir del 1 de octubre de 2025, sucediendo a Karen B. Davis, quien se retirará de su puesto ejecutivo. Davis volverá a incorporarse al Consejo de Administración de la compañía, del que fue miembro entre enero de 2020 y diciembre de 2022.
Marino, de 46 años, ocupa actualmente el puesto de Tesorero de PBF, cargo que desempeña desde 2020. Se unió a la empresa en 2011 y ha desempeñado varios roles en finanzas y contabilidad, incluido el de Assistant Controller entre 2015 y 2020. Antes de PBF trabajó en Ernst & Young LLP, aportando amplia experiencia en los sectores de petróleo y gas, productos industriales, consumo minorista y ciencias de la salud.
PBF Energy (NYSE:PBF)는 중대한 리더십 변화를 발표했습니다. Joseph Marino이 2025년 10월 1일부로 최고재무책임자(CFO)에 임명되며, Karen B. Davis는 경영진 역할에서 은퇴합니다. Davis는 2020년 1월부터 2022년 12월까지 재직했던 이사회에 다시 합류할 예정입니다.
현재 46세인 Marino는 2020년부터 PBF의 재무담당(Treasurer)을 맡고 있습니다. 2011년 회사에 입사한 이후 재무 및 회계 분야에서 다양한 직책을 역임했으며, 2015년부터 2020년까지 Assistant Controller로 근무했습니다. PBF에 합류하기 전에는 Ernst & Young LLP에서 근무하며 석유·가스, 산업재, 소매 소비재 및 건강과학 분야에서 풍부한 경험을 쌓았습니다.
PBF Energy (NYSE:PBF) a annoncé un important changement de direction : Joseph Marino est nommé Chief Financial Officer, à compter du 1er octobre 2025, en remplacement de Karen B. Davis, qui prendra sa retraite de ses fonctions exécutives. Davis réintégrera le conseil d'administration de la société, dont elle a déjà été membre de janvier 2020 à décembre 2022.
Âgé de 46 ans, Marino occupe actuellement le poste de trésorier (Treasurer) de PBF, fonction qu'il assume depuis 2020. Entré dans l'entreprise en 2011, il a exercé divers postes en finance et comptabilité, notamment celui d'Assistant Controller de 2015 à 2020. Avant de rejoindre PBF, il travaillait chez Ernst & Young LLP, apportant une vaste expérience dans les secteurs du pétrole et du gaz, des produits industriels, de la distribution de biens de consommation et des sciences de la santé.
PBF Energy (NYSE:PBF) hat einen bedeutenden Führungswechsel bekanntgegeben: Joseph Marino wird zum Chief Financial Officer ernannt, wirksam ab dem 1. Oktober 2025. Er folgt auf Karen B. Davis, die aus ihrer operativen Rolle in den Ruhestand tritt. Davis wird wieder in den Vorstand des Unternehmens eintreten, dem sie bereits von Januar 2020 bis Dezember 2022 angehörte.
Marino, 46 Jahre alt, ist derzeit Treasurer von PBF, ein Amt, das er seit 2020 innehat. Er kam 2011 zum Unternehmen und hatte verschiedene Finanz- und Buchhaltungspositionen inne, darunter Assistant Controller von 2015 bis 2020. Vor seiner Zeit bei PBF arbeitete er bei Ernst & Young LLP und bringt umfangreiche Erfahrung in den Bereichen Öl und Gas, Industrieprodukte, Einzelhandels-Konsumgüter und Gesundheitswissenschaften mit.
- Seamless leadership transition with internal promotion indicates strong succession planning
- New CFO brings extensive industry experience and company knowledge from 14-year tenure
- Retiring CFO will continue contributing expertise through Board position
- Demonstrates commitment to internal talent development and continuity
- Potential adjustment period during CFO transition could temporarily impact financial operations
Ms. Davis Re-Appointed to Serve on the Board
Matt Lucey, PBF Energy's CEO, said, "On behalf of our Board of Directors and management team, I want to thank Karen for her exceptional leadership and unwavering dedication to PBF Energy. Since returning to management, Karen has been instrumental in strengthening our organization. Her commitment to talent development has transformed our finance team and positioned us perfectly for Joe Marino's seamless transition into this role. We look forward to continuing to benefit from her invaluable expertise as she rejoins PBF Energy's Board of Directors."
"Joe, currently our Treasurer, has been with PBF since 2011, holding finance and accounting roles of increasing responsibility. His expertise will be instrumental as we continue to advance our financial initiatives, and I am excited to partner with him to deliver value for shareholders."
Mr. Marino, age 46, joined the Company in 2011 and has served as PBF's Treasurer since 2020. He has held numerous finance and accounting roles during his tenure, including serving as the Company's Assistant Controller from 2015 to 2020. Prior to joining PBF, he was employed at Ernst & Young LLP, where he represented large public and private corporations in the oil and gas industry and the industrial products, retail consumer products and health science industries.
Forward-Looking Statements
Statements in this press release relating to future plans, results, performance, expectations, achievements, and the like are considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the Company's expectations with respect to its plans, objectives, expectations, and intentions with respect to the full and partial restart of the Martinez refinery following the February 1, 2025 fire, the timing of such restart, the throughput of the Martinez refinery and anticipated insurance recoveries related to the fire, the amount and the timing of cost savings and operational efficiencies to be achieved through the Company's Refining Business Improvement Initiatives as well as the Company's future earnings and operations overall, including those of our 50- 50 equity method investment in SBR. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which may be beyond the Company's control, that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors and uncertainties that may cause actual results to differ include but are not limited to the risks disclosed in the Company's filings with the SEC, our ability to operate safely, reliably, sustainably and in an environmentally responsible manner; our ability to procure necessary permits and equipment and materials required to rebuild the Martinez refinery; our ability to successfully diversify our operations; our ability to make acquisitions or investments, including in renewable diesel production, and to realize the benefits from such acquisitions or investments; our ability to close divestitures and the timing of thereof; our ability to successfully manage the operations of our 50-50 equity method investment in SBR; our expectations with respect to our capital spending and turnaround projects; risks associated with our obligation to buy Renewable Identification Numbers and related market risks related to the price volatility thereof; the possibility that we might reduce or not pay further dividends in the future; certain developments in the global oil markets and their impact on the global macroeconomic conditions; risks relating to the securities markets generally; the impact of changes in inflation, interest rates and capital costs; and the impact of market conditions, unanticipated developments, adverse outcomes with respect to regulatory approvals or matters or litigation, changes in laws or regulations and other events that could negatively impact the Company. All forward-looking statements speak only as of the date hereof. The Company undertakes no obligation to revise or update any forward-looking statements except as may be required by applicable law.
About PBF Energy Inc.
PBF Energy Inc. (NYSE:PBF) is one of the largest independent refiners in
PBF Energy is also a
Contacts:
Colin Murray (investors)
ir@pbfenergy.com
Tel: 973.455.7578
Michael C. Karlovich (media)
mediarelations@pbfenergy.com
Tel: 973.455.8994
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SOURCE PBF Energy Inc.
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