Calumet Specialty Products Partners, L.P. announced that Calumet co-founder Fred Fehsenfeld, Chairman of the Board of the general partner of Calumet has elected to retire effective May 1, 2022. Steve Mawer, currently CEO, will assume the role of Executive Chairman of the Board of Directors effective May 1, 2022. On that date, Todd Borgmann, currently EVP & CFO, will assume the role of CEO, and Vince Donargo, currently Chief Accounting Officer, will assume the role of EVP & CFO.

Mr. Borgmann has been with Calumet for 15 years in increasingly senior roles. Prior to serving as EVP & CFO, he held leadership roles within supply chain, trading, optimization, sales, and strategy. Mr. Donargo has been Chief Accounting Officer of Calumet for two years and has previous CFO experience with both public and private companies.

He has also held various senior finance and accounting roles spanning multiple industries.