Puddy Named Senior Vice President, Refined Products and Risk Management

SUGAR LAND, Texas, Jan. 26 /PRNewswire-FirstCall/ -- CVR Energy, Inc. (NYSE: CVI) announced today the promotion of Mike Puddy to senior vice president, refined products and risk management, reporting to Wyatt Jernigan, executive vice president, crude oil acquisition and petroleum marketing.

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Puddy will be responsible for overseeing the marketing of all finished products and the procurement of unfinished feedstocks and blendstocks for the refinery, as well as all required risk management processes associated with refinery and marketing operations. Puddy formerly served as vice president, refined products and risk management.

"In an environment of wild price volatility and fluctuation, in addition to the normal product quality and logistical issues, having an individual with Mike's background and experience is an enormous plus for the company," Jernigan said.

Puddy has 29 years of experience in risk management, trading and petroleum supply, spending most of his career with Coastal Corporation and later El Paso, last serving as senior vice president, product supply and trading.

About CVR Energy, Inc.

Headquartered in Sugar Land, Texas, CVR Energy, Inc.'s subsidiary and affiliated businesses include an independent refiner that operates a 115,000 barrel per day refinery in Coffeyville, Kan., and markets high value transportation fuels supplied to customers through tanker trucks and pipeline terminals; a crude oil gathering system serving central Kansas, Oklahoma, Eastern Colorado, Western Missouri and Southwest Nebraska; an asphalt and refined fuels storage and terminal business in Phillipsburg, Kan.; and through a limited partnership, an ammonia and urea ammonium nitrate fertilizer business located in Coffeyville, Kan.

SOURCE CVR Energy, Inc.

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