ST. CROIX, U.S. Virgin Islands – October 30, 2020 – Limetree Bay Ventures, LLC (“Limetree Bay” or the “Company”), a world-class refinery, energy storage and logistics hub, today announced that it has appointed Jeffrey Rinker as its Chief Executive Officer, effective November 11, 2020. Mr. Rinker will lead the Company’s combined refinery and terminal organizations. He succeeds Brian Lever, who will remain with the Company through November 30, 2020 to ensure a smooth transition in senior leadership.
“We are thrilled to welcome Jeff to Limetree Bay as CEO,” said R. Blair Thomas, Chairman of the Company’s Board of Directors and CEO of EIG Global Energy Partners, Limetree Bay’s controlling shareholder. “Limetree Bay made significant progress in 2020 and we are confident that Jeff’s deep industry experience and strong track record of delivering commercial results and creating shareholder value make him the ideal person to lead the Company during its next chapter of commercial operation.”
“I am honored by the opportunity to join Limetree Bay as CEO,” said Mr. Rinker. “Limetree Bay is an exciting project that is well-positioned to succeed given its recent operating momentum, strategic location and world-class partners and facilities. I look forward to getting started and working with Limetree Bay’s talented team to drive further growth for the Company and bring value to all our stakeholders.”
“On behalf of the entire Board, I’d like to thank Brian for his hard work and tremendous contributions to the growth and development of Limetree Bay during his tenure,” Mr. Thomas continued. Brian was brought on two years ago to lead the refinery restart project and its integration with Limetree Bay’s world-class terminal facilities and, as we approached completion of the restart project, Brian and the Board agreed that it was a natural time to transition leadership to a long-term CEO. We are thankful for Brian’s efforts and wish him the best in his retirement.”
Mr. Rinker is a well-respected executive with more than 30 years of industry experience leading large, international energy businesses. He most recently served as Executive Vice President, Downstream and Midstream for Husky Energy, responsible for leadership of Husky’s Downstream business, including refining, upgrading, marketing, trading and delivering improved safety, reliability and profitability. Prior to joining Husky Energy in 2017, Mr. Rinker held various roles of increasing responsibilities at OMV Group and BP plc. Mr. Rinker earned a B.S. in Chemical Engineering with honors from Carnegie Mellon University.
About Limetree Bay Ventures
Limetree Bay Ventures, LLC is a large-scale energy complex strategically located in St. Croix, U.S. Virgin Islands. The complex consists of Limetree Bay Refining, a refinery with peak processing capacity of 650 thousand barrels of petroleum feedstock per day, and Limetree Bay Terminal, a 34-million-barrel crude and petroleum products storage and marine terminal facility serving the refinery and third-party customers.
About EIG Global Energy Partners
EIG Global Energy Partners (“EIG”), is a leading institutional investor to the global energy sector with $21.9 billion under management as of September 30, 2020. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 38-year history, EIG has committed over $34.4 billion to the energy sector through more than 360 projects or companies in 36 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG’s website at www.eigpartners.com.
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Kelly Kimberly / Brandon Messina