Management ChangeMay 12, 2026, 07:02 AM
HF Sinclair CEO Timothy Go Departs; Separation Agreement Reached
AI Summary
HF Sinclair Corporation announced that Timothy Go, its Chief Executive Officer and President, and a member of the Board, officially departed on May 11, 2026, following a mutually agreeable Separation and Release Agreement. Mr. Go's departure and resignation from the Board were not due to any disagreements with the company. The agreement includes a $4,735,000 separation payment, continued health benefits, and partial vesting of his equity awards, specifically 29,616 RSUs and 163,609 conditional PSUs. Separately, the company noted that CFO Atanas Atanasov remains on leave, and discussions for his separation agreement are ongoing without a resolution yet.
Key Highlights
- Timothy Go's last day as CEO, President, and Board member was May 11, 2026.
- Mr. Go will receive a separation payment of $4,735,000 over 12 months.
- He will also receive continued group health plan participation for 12 months.
- 29,616 restricted stock units (RSUs) will vest.
- 163,609 performance share units (PSUs) will conditionally vest based on performance criteria.
- Departure is not due to any disagreement with the Company's operations, policies, or practices.
- CFO Atanas Atanasov remains on leave; no separation agreement reached yet.