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On Wednesday, Delek Logistics Partners, LP (NYSE:DKL), a $2.1 billion market cap company with a notable 10.8% dividend yield, disclosed a key executive change, announcing that Reuven Spiegel, the current Executive Vice President and Chief Financial Officer, will take on an additional role as the Executive Vice President, Delek Logistics starting February 12, 2025. This move comes ahead of Spiegel’s planned departure from his position as CFO on March 1, 2025.
Spiegel has been serving as Delek Logistics’ CFO since May 2020 and has been a member of the board of directors of the company’s general partner since July 2014. His prior experience includes a tenure as the Chief Executive Officer of Israel Discount Bank Ltd. (TLV:DSCT) from 2011 to 2014, among other executive roles in the financial industry.
The announcement also noted the departure of Odely Sakazi from the Partnership on February 12, 2025. Sakazi’s exit agreement includes a severance payment of $229,000, which is contingent on his timely and unrevoked release of claims and will be paid in four installments.
Delek Logistics, with its headquarters in Brentwood, Tennessee, operates in the pipeline sector excluding natural gas. The company’s recent executive shifts are reported in compliance with SEC regulations and are based on a press release statement.
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