CVR Energy Names Daly as Executive VP of Strategy

SUGAR LAND, Texas, Dec. 5  /PRNewswire-FirstCall/ -- CVR Energy Inc. (NYSE:CVI) announced today that Dan Daly has been named executive vice president, strategy.  Daly reports to Jack Lipinski, chief executive officer of CVR Energy.

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In his expanded role, Daly will be responsible for identifying opportunities and directing programs leading to CVR Energy's operational and financial growth.  He also will continue to be responsible for oversight of CVR Energy's accounting and controls.

"Dan Daly has been instrumental in the success of CVR Energy," said Lipinski.  "He brings to the company an extensive background in refining, but his real value to CVR Energy is his sound judgment and the solid business acumen he contributes to the company every day."

After graduating from St. Louis University in 1968 with a bachelor's degree in commerce, Daly joined Shell Oil Company at its Wood River Refinery outside St. Louis.  At Shell he gained a broad background in refining, working accounting assignments attached to refining, transportation, supply and marketing.  He eventually became a senior analyst in manufacturing finance.

In 1978, Daly moved to The Coastal Corporation, where during a 23 year career he became vice president and controller of refining, marketing and trading operations.  Upon the sale of Coastal to El Paso Corporation in 2001, Daly became vice president and controller for Tosco Corporation and later an independent consultant with Prudentia Energy.

In June 2005, he joined Coffeyville Resources, helping guide the newly formed company through restructuring, expansion and an initial public offering which resulted in CVR Energy Inc becoming a public company listed on the New York Stock Exchange on Oct. 23, 2007.

About CVR Energy, Inc.

Headquartered in Sugar Land, Texas, CVR Energy, Inc. is an independent refiner and marketer of high value transportation fuels and, through a limited partnership, a producer of ammonia and urea ammonia nitrate fertilizers. CVR Energy's petroleum business includes a 113,500 barrel per day, complex, full-coking sour crude refinery in Coffeyville, Kan., In addition, CVR Energy's supporting businesses include a crude oil gathering system serving central Kansas, northern Oklahoma and southwest Nebraska; storage and terminal facilities for asphalt and refined fuels in Phillipsburg, Kan.; and a rack marketing division supplying product to customers through tanker trucks and at throughput terminals. 

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DATASOURCE: CVR Energy, Inc.



CONTACT: Steve Eames of CVR Energy, Inc., [phone]



Web site:  http://www.cvrenergy.com/ 

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