HOUSTON–(BUSINESS WIRE)–Vertex Energy, Inc. (NASDAQ:VTNR), a leading specialty refiner and marketer of high-quality refined products, today announced that it has appointed energy and technology industry veteran Doug Haugh as Chief Commercial Officer of Vertex Energy, effective April 17, 2023. In his new role, Doug will provide strategic direction for all commercial operations spanning from feedstock to finished products, driving the Company’s growth initiatives.
Doug brings over 25 years of experience to Vertex, leading growth strategies in retail convenience stores, fuels marketing, supply & trading, renewable products, lubricants, technology, and distribution sectors. Most recently, he served as President of Parkland USA, a wholly-owned subsidiary of Parkland Corp. Under his leadership, Doug grew earnings 10x, completed 20 acquisitions in less than four years, and grew Parkland USA from a small North Dakota business to a thriving enterprise generating over $3.8 billion in annual revenue, operating in diverse sectors, including retail convenience stores, commercial fuels, wholesale fuels, industrial fuels, propane, lubricants, and marine businesses. Doug began his career with Exxon, serving in marketing and business development.
As Chief Commercial Officer, Mr. Haugh will oversee all commercial operations while working to build Vertex into a leading supplier of fuels and related products and seeking to generate sustained, profitable growth.
Benjamin P. Cowart, Chief Executive Officer of Vertex, stated, “Doug is an exceptional addition to our senior leadership team. His comprehensive experience, innovative approach, and demonstrated skill in driving strategic growth plans are an ideal fit for this next phase of our development. We are confident that Doug’s expertise and dedication will propel Vertex’s commercial operations to new heights.”
“I am pleased to join Vertex as its Chief Commercial Officer,” stated Mr. Haugh, who continued, “As we remain committed to growth, innovation, and teamwork, I’m excited to leverage the expansion and development of our assets and capabilities toward a customer-centric growth strategy into emerging markets. I look forward to collaborating with my colleagues across the organization to achieve great things together.”
ABOUT VERTEX ENERGY
Houston-based Vertex Energy, Inc. (NASDAQ: VTNR), is an energy transition company focused on the production and distribution of conventional and alternative fuels. Vertex owns a refinery in Mobile (AL) with an operable refining capacity of 75,000 barrels per day and more than 3.2 million barrels of product storage, positioning it as a leading supplier of fuels in the region. Vertex is also one of the largest processors of used motor oil in the U.S., with operations located in Houston and Port Arthur (TX), and Marrero (LA). Vertex also owns a facility, Myrtle Grove, located on a 41-acre industrial complex along the Gulf Coast in Belle Chasse, LA, with existing hydroprocessing and plant infrastructure assets, that include nine million gallons of storage. The Company has built a reputation as a key supplier of base oils to the lubricant manufacturing industry throughout North America.
