USA: Shell Downstream VP Appointed First Female CEO of Sunoco
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Friday, 18 July 2008 |
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Sunoco has named Shell Plc's Lynn Laverty Elsenhans as chief executive officer,
succeeding John Drosdick, who is retiring.
The appointment is effective Aug. 8, Philadelphia-based Sunoco said
today in a statement. Elsenhans, 52, also became a member of the board.
Drosdick, 64, will stay on as non-executive chairman until the end of
the year.
Elsenhans worked for Shell Downstream Inc. as executive vice president
of global manufacturing where she oversaw its refining and chemical
operations. She also served as president of Shell Oil Co. and Shell Oil
Products U.S. Royal Dutch Shell is Europe's biggest oil producer.
Sunoco's five refineries have a combined daily processing capacity of
about 910,000 barrels of feedstock. Refining and supply accounted for
more than 50 percent of the company's revenue last year and 82 percent
of its net income. Sunoco also makes chemicals and coke, a processing
byproduct, and has about 4,700 retail locations.
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