Vertex Energy, Inc. ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, announced that Doug Haugh is stepping down from his role as the Company’s Chief Commercial Officer. Mr. Haugh has agreed to provide continued support throughout the rest of 2024, as a Senior Corporate Advisor. The Company also announced that Joshua Foster has been appointed as Chief Commercial Officer and that Benjamin P. Cowart, Chief Executive Officer, will assume interim Chief Operating Officer duties.
Mr. Cowart stated, “We are grateful for Doug’s leadership and contribution to Vertex over the last year and half. Doug was brought on board to launch the Company’s commercial strategy and to build our team as we prepared to take on the trading, supply and risk management capabilities we needed to support our business. An essential part of that work was getting Josh Foster onboard as Vertex’s Director of Commercial Optimization and Risk Management. We look forward to Doug’s continued support as a senior corporate advisor to the Company as he continues to mentor and advise our leadership team.” Mr. Cowart continued, “I am pleased to see Josh stepping into the role of Chief Commercial Officer and believe that his experience in rack marketing and crude origination will drive the success of our commercial efforts over the next several years. His efforts this past spring to improve the value of our jet fuel production have proven very beneficial and I look forward to continuing to build on that success. Josh brings nearly two decades of experience in commercial operations, most notably working with Delta Airlines, restructuring their operations, improving netbacks, and building a wholesale rack market for finished fuels from the ground up.”
