Indianapolis-based Calumet Specialty Products Partners LP on Monday announced the hiring of energy industry veteran Timothy Go as the company’s new CEO.
Go, 48, will take position Jan. 1, succeeding interim CEO Bill Hatch. Hatch took the job April 1 after company founder Bill Grube ended a 25-year run in the CEO position to become executive vice chairmen.
Calumet, a producer of fuel products, said Go has more than 25 years of experience in executive-level roles at leading companies operating in the petroleum refining and specialty products markets. He was most recently vice president of operations at Wichita, Kansas-based Flint Hills Resources LP, a subsidiary of Koch Industries Inc.
Prior to that, Go, a chemical engineer, spent nearly 20 years in various senior-level operations and management roles at ExxonMobil Corp.
"Tim's decades of experience as a senior refining executive, coupled with his significant technical knowledge of the markets in which we operate, position him for long-term success in this pivotal role,” Calumet Chairman Fred Fehsenfeld Jr. said in a written statement.
Hatch has agreed to remain with Calumet after Jan. 1 as in the new position of executive advisor to the partnership.
Calumet shares were down 3 cents Monday morning shortly after the market opened, to $24.71 per share.