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HollyFrontier Corporation Announces Appointment of Manny Fernandez to Its Board of Directors

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HollyFrontier Corporation (NYSE:HFC) appointed Manny Fernandez to its Board of Directors, effective October 1, 2020, increasing the Board size to 11 members and independent directors to 10. Fernandez brings over 36 years of finance and accounting expertise, having retired from KPMG LLP where he served in various leadership roles, including Managing Partner of the Dallas office. He is recognized for his commitment to inclusion and diversity, receiving the Lifetime Achievement Award from the Association of Latino Professionals for America.

Positive
  • Appointment of Manny Fernandez enhances Board expertise with extensive finance and accounting background.
  • Increase in independent directors may strengthen corporate governance.
Negative
  • None.

DALLAS--()--HollyFrontier Corporation (NYSE:HFC) (“HollyFrontier”) today announced that its Board of Directors (the “Board”) appointed Manny Fernandez to the Board effective October 1, 2020. This appointment increases the size of the Board to eleven directors and increases the number of independent directors on the Board from nine to ten.

Mr. Fernandez joined KPMG LLP in 1984 and served in a number of leadership positions until his retirement in September 2020, including most recently as Managing Partner of the Dallas office and market leader for KPMG’s Southwest region across audit, tax and consulting services from October 2009 to September 2020. During his career at KPMG, he also served as National Managing Partner for Talent Acquisition, member of the National Inclusion and Diversity Board and as Co-Chair of the National Hispanic/Latino employee resource group.

Effective in October 2020, Mr. Fernandez will also serve on the board of directors of Jacobs. He has also actively engaged in a number of community and non-profit activities. Having emigrated from Cuba at the age of eight, Mr. Fernandez has a passion for advancing inclusion and diversity, and was recognized for his leadership and dedication to advancing the careers of Latino professionals by The Association of Latino Professionals for America (ALPFA) with the Lifetime Achievement Award.

With more the 36 years of experience advising public and private companies across a variety of industries and geographies, Mr. Fernandez brings to the Board extensive finance and accounting expertise, as well as executive and talent management experience.

“Manny is an accomplished business leader with extensive experience advising public companies. We welcome the experience and expertise he will bring to HollyFrontier,” said Franklin Myers, Chairman of the Board.

About HollyFrontier Corporation

HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier owns and operates refineries located in Kansas, Oklahoma, New Mexico and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. In addition, HollyFrontier produces base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and exports products to more than 80 countries. HollyFrontier also owns a 57% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries.

Contacts

Richard L. Voliva III, Executive Vice President and Chief Financial Officer
Craig Biery, Vice President, Investor Relations
HollyFrontier Corporation
214-954-6510

FAQ

Who is Manny Fernandez and what experience does he bring to HollyFrontier?

Manny Fernandez has over 36 years of experience in finance and accounting, previously serving as Managing Partner at KPMG's Dallas office. His expertise includes advising public companies and talent management.

When did Manny Fernandez join the Board of HollyFrontier?

Manny Fernandez was appointed to the Board of HollyFrontier effective October 1, 2020.

How many directors are now on the HollyFrontier Board?

With Manny Fernandez's appointment, the HollyFrontier Board increased its size to 11 directors.

What is the significance of increasing independent directors on the Board?

The increase from nine to ten independent directors may enhance corporate governance and provide a broader range of perspectives in decision-making.

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