Rhodes, Mike
People
John Flannery, the President and CEO of GE Healthcare, has been named CEO of the company, effective August 1, and Chairman and CEO effective in January 2018. Jeff Immelt, Chairman and CEO, will remain Chairman of the Board through his retirement at the end of the year.
Industry Metrics
US gasoline crack spreads continued to rally, but were offset by supply-side pressure as higher refinery runs contributed to increased inventories.
People
Randy Schmidt has been named Managing Director of the Burns & McDonnell Terminals and Pipelines group, replacing Ted Born, who is retiring.
Industry Metrics
US gasoline demand increased with the shift to summer fuels and higher export opportunities to Latin America.
Industry Metrics
Asian refinery margins remained healthy ahead of the spring maintenance season, despite a slight fall due to signs of a bearish gasoline market.
People
ValvTechnologies Inc. has named Herman Benard Jr. as director of manufacturing. He will have senior management responsibility for the achievement of production, productivity, quality, safety and customer satisfaction goals, as well as spearheading manufacturing process continuous improvements.
Industry Metrics
Healthy US domestic gasoline demand continued, despite supply pressure from refineries returning from maintenance and resumed Colonial Pipeline operations.
Industry Metrics
US margins fell due to the slowing of domestic gasoline demand, as the driving season ended amid high inventories.
People
Abdulaziz F. Alkhayyal has been elected to the board of directors of Marathon Petroleum Corp., increasing the board’s size to 11.
People
Dr. Christoph Wegner will become president of BASF’s Information Services and Supply Chain Operations division, effective December 1, 2016.
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