PBF Energy Inc. (NYSE: PBF) announced today that Thomas J. Nimbley will retire from his position as Executive Chairman of the company and its subsidiaries on June 30, 2025. Mr. Nimbley is standing for re-election as a director at the company’s 2025 Annual Meeting of Stockholders and will become non-executive Chairman of the Board effective July 1, 2025 assuming his re-election. Mr. Nimbley retired as PBF Energy’s CEO effective on June 30, 2023 and has served as Executive Chairman of the Board since that time.
Gene Edwards, PBF Energy’s Lead Director remarked, “Tom has played a vital role in growing PBF Energy, serving as our Chief Executive Officer from June 2010 to June 2023 and as Executive Chairman since then. Under Tom’s watch, PBF Energy grew from a start-up with no operations to a refining system of six refineries with a combined throughput of approximately 1 million barrels per day. In no small part thanks to Tom, we are now one of the largest independent refiners in the United States. We are grateful for his exemplary leadership of the Company and building a talented executive team. The Board is looking forward to continuing to benefit from his leadership as our Chairman.”
“I am honored to have served and lead PBF Energy for the past 15 years,” Nimbley said. “I would especially like to thank our employees, stockholders, business partners, and our communities where we live and work for their trust and confidence. I look forward to continuing to contribute in my role as Chairman and leading the Board as it continues to guide the company.”
“I would like to thank Tom for his leadership, guidance and friendship in the C-suite and I am pleased that the Company and I will continue to benefit from his leadership on the Board,” said Matthew Lucey, PBF’s CEO and President.
About PBF Energy Inc.
PBF Energy Inc. (NYSE: PBF) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. Our mission is to operate our facilities in a safe, reliable and environmentally responsible manner, provide employees with a safe and rewarding workplace, become a positive influence in the communities where we do business, and provide superior returns to our investors.
