HF Sinclair Corp., Dallas, Tex., has appointed Steve Ledbetter, currently serving as HF Sinclair’s president and chief operating officer (COO), as chief executive officer (CEO) and president, effective Jan. 1, 2027. The board of directors also plans to expand the board and appoint him as a director at a later date, the company said in a release Oct. 28.

Ledbetter succeeds Franklin Myers, who will continue to serve as CEO through Jan. 1, 2027. Thereafter, Myers will remain with HF Sinclair as an officer of the company and continue to serve as executive chairperson until the completion of HF Sinclair's previously announced plan to pursue a separation of its Lubricants & Specialties segment. In this new role, Myers will advise on strategic matters related to planned separation, the company said.