CVR Energy promotes Dane Neumann to President and CEO

1 min read     Updated on 23 Jun 2026, 03:29 AM
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AI Summary

CVR Energy and CVR Partners appointed Dane Neumann as President and CEO effective June 18, 2026, succeeding Mark Pytosh. Neumann, previously EVP and CFO, also becomes general partner of CVR Partners and joins both Boards.

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CVR Energy, Inc. and CVR Partners, LP have promoted Dane Neumann to President and Chief Executive Officer effective June 18, 2026. Neumann succeeds Mark Pytosh, who resigned from the CVR Entities for personal reasons. In addition to his role as CEO, Neumann becomes the general partner of CVR Partners and joins the Boards of Directors of both companies.

Robert Flint, Chairman of the Boards of Directors for the CVR Entities, cited Neumann's leadership and financial discipline as key factors in the decision. Flint stated that Neumann has served as a catalyst for process improvements and is positioned to drive growth and value creation for the companies.

Neumann, previously the Executive Vice President and Chief Financial Officer, outlined his strategy focusing on Continuous Improvement. He emphasized maintaining safe, reliable operations while driving meaningful growth and shareholder returns. The leadership change applies to both CVR Energy, a diversified holding company engaged in petroleum refining and nitrogen fertilizer manufacturing, and CVR Partners, a producer of urea ammonium nitrate and ammonia.

Operational Overview

CVR Energy subsidiaries serve as the general partner of CVR Partners and own approximately 37 percent of its common units. CVR Partners operates nitrogen fertilizer manufacturing facilities in Coffeyville, Kansas, and East Dubuque, Illinois.

Facility Capacities

Facility Location Ammonia Capacity (tons/day) UAN Capacity (tons/day)
Coffeyville Kansas 1,300 3,100
East Dubuque Illinois 1,075 950

How will Neumann's promotion impact the strategic direction of CVR Energy's refining and nitrogen fertilizer segments?

What specific growth initiatives can be expected under Neumann's leadership, particularly in the nitrogen fertilizer market?

How might the leadership change influence CVR Partners' distribution policy for unitholders?

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