Effective June 19, 2014, Matthew Lieb resigned as Chief Operating Officer of Vertex Energy, Inc. and David Peel was appointed as Chief Operating Officer of the company. It is anticipated that Mr. Lieb will continue providing services to the company as the Vice President of Specialty Projects (a non-executive position). Mr. Peel, age 64, has served as the Chief Operating Officer of Omega Holdings, LLC (Omega Holdings), which is engaged in the re-refining of base oil, since May 2012.

From 2000 to 2001 and from 2004 to April 2012, Mr. Peel served as the President of Peel Management Consulting (based in Chicago, Illinois).