ST. LOUIS -- Thomas D. O'Malley has been appointed as its new chairman, CEO and president of Premcor Inc. O'Malley had been the chairman and CEO of Tosco Corp. and served as a vice chairman and a director of Phillips Petroleum Co. after that company's acquisition of Tosco in September 2001 until his recent resignation from those positions to join Premcor. He remains a large Phillips shareholder.
Prior to joining Tosco in 1990, he served as vice chairman of Salomon Inc., and CEO of its wholly owned division, Phibro Energy Inc. He currently also serves as a director of Lowe’s Corp.
O'Malley will be joined at Premcor by three key executives from his Tosco management team. Bill Hantke, Tosco's former vice president of corporate development, has joined Premcor as chief financial officer, replacing outgoing CFO Ezra C. Hunt. Joining Premcor's board of directors are Jay Allen, Tosco's former president and CFO, and Wilkes McClave III, Tosco's former executive vice president and general counsel.
Premcor, through its principal operating subsidiaries, The Premcor Refining Group Inc. and The Port Arthur Coker Co. L.P., is one of the largest independent petroleum refiners and marketers of unbranded transportation fuels, heating oil, petrochemical feedstocks, petroleum coke and other petroleum products in the U.S. The company has an aggregate 490,000 barrels per day of crude distillation capacity at its three refineries located in Port Arthur, Texas (250,000 bpd), Lima, Ohio (170,000 bpd), and Hartford, Ill. (70,000 bpd).
