David Lunin Succeeds Vince Donargo as CFO of Calumet

Vince Donargo, currently serving as CFO of Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT), has chosen to step down from his position on December 31, 2023. He will continue in an advisory capacity until his retirement at the end of April 2024.

Todd Borgmann, CEO of Calumet, expressed his appreciation for Vince’s contributions during his time as Chief Financial Officer and Chief Accounting Officer, especially in guiding the company through its transformation. Vince played a crucial role in implementing various improvements within the CFO organization.

Calumet also disclosed that David Lunin will assume the role of Chief Financial Officer on January 1, 2024. David has already joined the company as EVP and CFO Designate and will work closely with Vince to ensure a smooth transition. David brings with him more than two decades of finance experience, including various roles in investment banking at Goldman Sachs, with a focus on capital markets and mergers and acquisitions. He has extensive experience in the Natural Resources group at Goldman Sachs, covering commodity and specialty chemicals industries. David holds a Bachelor’s degree in Business Administration from George Washington University, a Master of Arts in Applied Economics from Johns Hopkins University, and an MBA from Columbia Business School.

Todd Borgmann expressed excitement about David’s appointment, emphasizing the importance of his capital markets experience in executing the company’s strategic deleveraging priority and the potential monetization of Montana Renewables. David’s extensive background in the specialty chemical sector is expected to contribute significantly to Calumet’s strategic growth plan for its integrated specialties business.

David Lunin also expressed his enthusiasm about joining the Calumet team and his eagerness to collaborate with Todd, Vince, and the entire company as they continue to move forward.

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