PBF Energy Promotes Joseph Marino to CFO, Following Karen B. Davis' Retirement
In an exciting leadership transition at PBF Energy Inc., Joseph Marino is set to take on the role of Chief Financial Officer (CFO) starting October 1, 2025. This decision comes as current CFO, Karen B. Davis, plans her retirement from executive responsibilities and will instead return to the company's Board of Directors. This strategic move was announced on August 19, 2025, and underscores the company's commitment to strong governance and forward-thinking management.
Joseph Marino has been an integral part of PBF since 2011, starting his journey within the company as Treasurer in 2020. His remarkable track record through various finance and accounting roles, including positions like Assistant Controller, illustrates his deep understanding of the financial landscape in which PBF Energy operates. His extensive experience also includes a significant prior tenure at Ernst & Young LLP, where he worked closely with major corporations within the oil and gas and industrial sectors.
PBF Energy's CEO, Matt Lucey, expressed profound appreciation for Karen B. Davis' influence on the company's success during her tenure. He highlighted her exemplary leadership and dedication, particularly in the finance sector, stating, "Her commitment to talent development has transformed our finance team and positioned us perfectly for Joe Marino's seamless transition into this role." Lucey further assured stakeholders that Davis's expertise would continue benefiting the company as she resumes her position on the Board of Directors.
As CFO, Marino will be pivotal in advancing the company's financial initiatives, ensuring PBF Energy remains aligned with its long-term objectives for growth and value creation for shareholders. His promotion is part of a broader strategy to also address ongoing operational improvements and the anticipated reopening of the Martinez refinery, which suffered a fire in early 2025. Marino's leadership will be essential as the company navigates the complexities of post-crisis recovery and sustainable operational practices.
Though Joseph Marino's ascension to CFO marks a new chapter, it is Karen Davis's remarkable legacy that serves as the foundation for ongoing success. She initially joined the company as part of the leadership team in January 2020 and has been recognized for her transformative impact. As the firm prepares to embrace new opportunities under Marino's guidance, it acknowledges the importance of continuity in leadership and experience, especially in these tumultuous market conditions.
PBF Energy Inc., listed on the NYSE under the ticker PBF, stands as one of the largest independent refiners within North America, operating multiple refineries and associated facilities across several states. The company prides itself on its mission to conduct operations sustainably and responsibly while maximizing shareholder value. This leadership transition is expected to strengthen PBF Energy's position in the market, enabling it to navigate future challenges effectively and innovatively.
In summary, the promotion of Joseph Marino to CFO at PBF Energy signals a robust commitment to leadership continuity and strategic vision. This change transitions the company into a promising new era while ensuring that they leverage established expertise through Karen Davis’s continued involvement on the Board. As PBF Energy gears up for success, stakeholders can look forward to a seamless progression into a future driven by innovation and sustainable practices.
Joseph Marino has been an integral part of PBF since 2011, starting his journey within the company as Treasurer in 2020. His remarkable track record through various finance and accounting roles, including positions like Assistant Controller, illustrates his deep understanding of the financial landscape in which PBF Energy operates. His extensive experience also includes a significant prior tenure at Ernst & Young LLP, where he worked closely with major corporations within the oil and gas and industrial sectors.
PBF Energy's CEO, Matt Lucey, expressed profound appreciation for Karen B. Davis' influence on the company's success during her tenure. He highlighted her exemplary leadership and dedication, particularly in the finance sector, stating, "Her commitment to talent development has transformed our finance team and positioned us perfectly for Joe Marino's seamless transition into this role." Lucey further assured stakeholders that Davis's expertise would continue benefiting the company as she resumes her position on the Board of Directors.
As CFO, Marino will be pivotal in advancing the company's financial initiatives, ensuring PBF Energy remains aligned with its long-term objectives for growth and value creation for shareholders. His promotion is part of a broader strategy to also address ongoing operational improvements and the anticipated reopening of the Martinez refinery, which suffered a fire in early 2025. Marino's leadership will be essential as the company navigates the complexities of post-crisis recovery and sustainable operational practices.
Though Joseph Marino's ascension to CFO marks a new chapter, it is Karen Davis's remarkable legacy that serves as the foundation for ongoing success. She initially joined the company as part of the leadership team in January 2020 and has been recognized for her transformative impact. As the firm prepares to embrace new opportunities under Marino's guidance, it acknowledges the importance of continuity in leadership and experience, especially in these tumultuous market conditions.
PBF Energy Inc., listed on the NYSE under the ticker PBF, stands as one of the largest independent refiners within North America, operating multiple refineries and associated facilities across several states. The company prides itself on its mission to conduct operations sustainably and responsibly while maximizing shareholder value. This leadership transition is expected to strengthen PBF Energy's position in the market, enabling it to navigate future challenges effectively and innovatively.
In summary, the promotion of Joseph Marino to CFO at PBF Energy signals a robust commitment to leadership continuity and strategic vision. This change transitions the company into a promising new era while ensuring that they leverage established expertise through Karen Davis’s continued involvement on the Board. As PBF Energy gears up for success, stakeholders can look forward to a seamless progression into a future driven by innovation and sustainable practices.
Topics General Business）
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