HF Sinclair units make executive change

July 25, 2022
Michael C. Jennings, chief executive officer of HF Sinclair Corp., will assume responsibilities of Thomas G. Creery, president, renewables of HF Sinclair Corp. and president and chief executive officer of HollyFrontier Refining & Marketing LLC.

Michael C. Jennings, chief executive officer of HF Sinclair Corp., will assume responsibilities of Thomas G. Creery, president, renewables of HF Sinclair Corp. and president and chief executive officer of HollyFrontier Refining & Marketing LLC, effective July 29.

Creery notified the board that he will retire from all officer positions and as an employee of the corporation and its subsidiaries effective July 31, 2022, the company said in an SEC filing.

In connection with his retirement, the compensation committee approved a prorated bonus of $650,000 based on Creery’s months of employment during the corporation’s current performance period and based on his performance and the estimated performance of the corporation through the prorated performance period.

Creery will provide consulting services to the corporation for 6 months following his retirement during which he will receive a retainer payment of $100,000 per calendar month to provide up to 40 hours of services per month to the corporation and its subsidiaries.