Uzi Yemin (Hebrew: עוזי ימין; born September 18, 1968) is an Israeli-American entrepreneur,[1] industrialist[2] and philanthropist best known as the founder and Executive Chairman of Delek US.[3][4][5]
Uzi Yemin | |
|---|---|
 Uzi Yemin | |
| Born | 18 September 1968 |
| Alma mater | Hebrew University of Jerusalem |
| Title | Executive Chairman, of Delek US |
| Board member of | Adventure Science Center Nashville Area Chamber of Commerce |
| Children | 3 |
Early life
editYemin was born in Jerusalem to a Jewish family that immigrated to the nascent State of Israel from Iraq in 1951. Yemin's mother was born in Baghdad and his father in Mosul, Iraq.[6]
Yemin was drafted into the Israel Defense Forces in February 1987 for compulsory military service, which he finished in February 1990 .[7]
Education
editYemin enrolled in the Hebrew University of Jerusalem where he remained as a student from October 1991 until 1997.
Career
editIn 1995, while still in the process of completing his university studies, Yemin began working for the Israeli Ministry of Finance where he served as the head of the Administration of Non-Life Insurance Policy. Yemin remained with the Ministry until 1997.
Upon the completion of his studies, Yemin went to work for Clal Insurance Co. Ltd. In 1998, he became the head of General Insurance and was subsequently promoted to vice president. He remained with the company until 2000.[8]
CEO of Delek US
editIn 2001, Yemin joined Delek Israeli Fuel Corporation as the CFO and the same year was chosen to expand the company's North American operations which led to the establishment of Delek US.[9][8] Within the same year, Delek US completed the acquisition of MAPCO Express, Inc., from Williams Express, Inc. for $162.5 million.[10]
In 2003, Delek US acquired seven retail fuel and convenience stores from Pilot Travel Centers for $11.9 million. In the same year, the company acquired 100 convenience stores (89 corporate run, 11 independently run) and an extensive wholesale fuel distribution business in the acquisition of Williamson Oil Co., for $19.8 million.[11][12]
In 2005, Delek US acquired 25 gas stations and convenience stores in Nashville, Tennessee, from British energy oil and gas company BP for $33.5 million.[13]
In 2006, Delek US acquired 43 retail fuel and convenience stores located in Georgia and Tennessee from Fast Petroleum, Inc. and affiliates for $50.0 million.[9][14]
In 2007, Delek US completed the acquisition of 90 retail fuel and convenience stores from Calfee Co. of Dalton Inc. and affiliated companies, for approximately $57 million.[15]
In 2011, Delek US acquired one hundred percent ownership of Lion Oil,[16] which was previously a subsidiary of the Jackson, Mississippi-based Ergon Inc. In the same year, the company acquired ownership interest in the Red River Pipeline Company, LLC for $128.0 million.[17]
In 2012, Delek US acquired the Nettleton Pipeline from Plains Marketing, LP for $12.3 million.[18] In the same year, the company bought the Big Sandy Terminal from Sunoco Pipeline LP. and Sunoco Partners Marketing & Terminals, LP for $11.0 million.[19]
In 2013, Delek US acquired the North Little Rock terminal from Enterprise Refined Products Pipeline Company, LLC for $7.2 million.[20] In the same year, the company acquired the Helena Assets, a 149-mile, 10-inch pipeline that connects El Dorado, Arkansas to Helena, Arkansas, from EQM Technologies & Energy, Inc., for approximately $5.3 million.[21]
In 2014, Delek US's former parent company— Delek Group —sold its entire stake in Delek US, with Delek US operating as an independent corporate entity from that point.[22][23][24] In the same year, the company completed its acquisition of the Crossett Facility, a biodiesel plant in Crosset, Arkansas, from Pinnacle Biofuels, Inc. for $11.1 million.[25]
In 2015, Delek US acquired 33.7 million shares of common stock of Alon USA Energy, Inc. from Alon Israel Oil Company, Ltd. for $572 million.[26]
In 2016, Delek US sold MAPCO to the Santiago, Chile-based company, COPEC S.A, for $535 million.[27][28]
In 2017, Delek US bought out Alon USA. As part of the Alon USA acquisition, Delek US became the owner of two more crude oil refineries located in the Gulf Coast area.[29][30]
Personal life
editYemin has three children.[6]
Yemin is fluent in Hebrew and English, and has good knowledge of Arabic, and Spanish languages.
Awards and honors
editYemin was invited to ring the NY stock exchange opening & closing bell on three separate occasions.[31]
References
edit- ^ "First Israeli digital bank in the works under software billionaire's initiative". Haaretz.com. Retrieved 2020-10-18.
- ^ "As other tycoon-owned groups wilt, Tshuva's Delek blossoms". Haaretz.com. Retrieved 2020-10-18.
- ^ כידן, אמיר (2006-12-15). "נשיא ומנכ"ל דלק US, עזרא ימין, מימש השבוע אופציות ברווח של 3.83 מיליון דולר". Globes. Retrieved 2020-10-18.
- ^ "נשיא ומנכ"ל דלק US, עוזי ימין, גרף רווח של 3.8 מיליון דולר ממימוש אופציות השבוע". TheMarker. Retrieved 2020-10-18.
- ^ Boudreaux, Dan. "Gov. Edwards, local leaders announce $150 million investment in Krotz Springs-based refinery". The Advocate. Retrieved 2020-10-18.
- ^ a b "From survivor to success". www.bizjournals.com. Retrieved 2020-10-18.
- ^ "Man on a mission". Borne. 2018-04-05. Retrieved 2020-10-20.
- ^ a b "MAPCO head addresses cause of gas crisis at Nashville Business Breakfast". Lipscomb University. Retrieved 2020-10-18.
- ^ a b "Delek Group set to spinoff U.S. division - Apr. 30, 2006". money.cnn.com. Retrieved 2020-10-20.
- ^ "Delek U.S. Holdings Inc./Mapco". CSP Daily News. Retrieved 2020-10-20.
- ^ "Delek Completes Williamson Oil Co. Acquisition". Convenience Store News. Retrieved 2020-10-20.
- ^ "Mapco parent buys Alabama's Williamson Oil Co". www.bizjournals.com. Retrieved 2020-10-20.
- ^ "Delek Buys BP Gas Stations for $33.5 Million". Convenience Store News. Retrieved 2020-10-20.
- ^ "Delek US Completes Fast Petroleum Purchase". CSP Daily News. July 14, 2006. Retrieved 2020-10-20.
- ^ "Delek US Closes on Calfee Purchase". CSP Daily News. April 9, 2007. Retrieved 2020-10-20.
- ^ "Delek US Holdings Completes Acquisition of Majority Equity Interest in Lion Oil Company". www.businesswire.com. 2011-04-29. Retrieved 2020-10-18.
- ^ "Delek Logistics and Delek US Announce Midstream Growth and Increased Crude Oil Flexibility". GlobeNewswire News Room. 2019-05-28. Retrieved 2020-10-20.
- ^ "Delek buys Texas pipeline". Nashville Post. Retrieved 2020-10-20.
- ^ "Delek US Holdings Reports First Quarter 2012 Results". www.businesswire.com. 2012-05-03. Retrieved 2020-10-20.
- ^ "Delek Logistics and Green Plains Partners Announce Formation of Logistics Joint Venture". GlobeNewswire News Room. 2018-02-20. Retrieved 2020-10-20.
- ^ "Delek US acquiring Texas biodiesel manufacturer". Magnolia Reporter - Magnolia, Arkansas News. Retrieved 2020-10-20.
- ^ "Delek Group Sold Portion of Delek US Shares | Delek Group". ir.delek-group.com. Retrieved 2020-10-18.
- ^ "Delek Group sells 15.5% Delek US stake - Globes". en.globes.co.il (in Hebrew). 2014-05-15. Retrieved 2020-10-18.
- ^ "Delek Group Sells Another 5% of Delek US". CSP Daily News. September 6, 2012. Retrieved 2020-10-18.
- ^ "Delek US Exploring Divestitures Post Alon Acquisition". Convenience Store News. Retrieved 2020-10-20.
- ^ "Delek US buys 48% of Alon's U.S. energy business for $572 million". Haaretz.com. Retrieved 2020-10-20.
- ^ Jourden, Aaron; Lindenberg, Greg (November 15, 2016). "Delek U.S. Completes Mapco Sale to COPEC". CSP Daily News. Retrieved 2020-10-18.
- ^ "Delek US Completes Sale of Retail Related Assets for $535 million". GlobeNewswire News Room. 2016-11-14. Retrieved 2020-10-18.
- ^ Lindenberg, Greg (November 9, 2017). "Delek U.S. to Take 100% Control of Alon USA Partners". CSP Daily News. Retrieved 2020-10-18.
- ^ "StackPath". www.ogj.com. Retrieved 2020-10-18.
- ^ "Delek US Holdings to Ring the Closing Bell at the New York Stock Exchange on August 23". www.businesswire.com. 2011-08-15. Retrieved 2020-10-18.