Timothy Clossey - Par Pacific Independent Director

61P Stock  EUR 16.30  0.10  0.61%   

Director

Mr. Timothy Clossey is Independent Director of the Company. He has served as a member of our Board of Directors since June 2014. Mr. Clossey is the President and owner of Spirit Technologies, a management coaching and engineering consulting services company. Mr. Clossey previously served as Production Manager and Major Projects Director for BP Cherry Point. He was a consultant to the board of directors at SaltChuk Resources on merger and acquisition opportunities and a board member at Timec, Inc., where Mr. Clossey chaired the Audit Committee, organized and chaired a Special Committee of Outside Directors and served on the Compensation Committee. Mr. Clossey served in multiple positions, including most recently as President and CEO of ARCO Marine, Inc. . As VP Corporationrationrate Strategic Planning, Downstream for ARCO, Mr. Clossey was responsible for strategic planning for all of ARCOs downstream companies. As Vice President of Engineering, Technology and RD at ARCO, his role was responsible for leading ARCOs Engineering and Research Center in Anaheim, California. As Manager, Clean Fuels Development Task Force at ARCO, Mr. Clossey lead the reformulated gasoline research and development efforts at the Technical Center as well as served in the government relations role working with industry associations such as Western States Petroleum Association and the American Petroleum Institute, as well as all Federal and State agencies working on reformulated gasoline regulations throughout the nation. Mr. Clossey graduated from Harvard Business School with an Executive Masters of Business Administration. He received his Bachelors of Science degree in Chemical Engineering summa cum laude from Washington State University. Mr. Clossey extensive and detailed experience in operational aspects of the petroleum refining industry provide the Board with insight into the operation, development, and growth of our businesses. since 2014.
Age 60
Tenure 10 years
Phone281 899 4800
Webhttps://www.parpacific.com
Clossey graduated from Harvard Business School with an Executive MBA. He received his BS in Chemical Engineering Summa cum Laude from Washington State University.

Par Pacific Management Efficiency

The company has return on total asset (ROA) of 0.0806 % which means that it generated a profit of $0.0806 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.8964 %, meaning that it generated $0.8964 on every $100 dollars invested by stockholders. Par Pacific's management efficiency ratios could be used to measure how well Par Pacific manages its routine affairs as well as how well it operates its assets and liabilities.
Par Pacific Holdings has accumulated 553.72 M in total debt with debt to equity ratio (D/E) of 5.88, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Par Pacific Holdings has a current ratio of 0.74, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Par Pacific until it has trouble settling it off, either with new capital or with free cash flow. So, Par Pacific's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Par Pacific Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Par to invest in growth at high rates of return. When we think about Par Pacific's use of debt, we should always consider it together with cash and equity.
Par Pacific Holdings, Inc. owns and operates energy and infrastructure businesses. Par Pacific Holdings, Inc. was founded in 1984 and is headquartered in Houston, Texas. PAR PACIFIC operates under Oil Gas Refining Marketing classification in Germany and is traded on Frankfurt Stock Exchange. It employs 1403 people. Par Pacific Holdings (61P) is traded on Frankfurt Exchange in Germany and employs 21 people.

Management Performance

Par Pacific Holdings Leadership Team

Elected by the shareholders, the Par Pacific's board of directors comprises two types of representatives: Par Pacific inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Par. The board's role is to monitor Par Pacific's management team and ensure that shareholders' interests are well served. Par Pacific's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Par Pacific's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ivan Guerra, Chief Accounting Officer, Controller
Curtis Anastasio, Independent Director
Katherine Hatcher, Independent Director
Ashimi Patel, Director Relations
Robert Silberman, Independent Vice Chairman of the Board
L Cooper, Independent Director
Jeffrey Hollis, Gen VP
Eric Wright, LLC Hawaii
William Monteleone, Chief Financial Officer, Senior Vice President, Director
Walter Dods, Independent Director
Jim Yates, Senior Vice President
Ryan Kelley, VP Officer
Timothy Clossey, Independent Director
Matthew Legg, SVP Officer
William Pate, President, Chief Executive Officer, Director
Suneel Mandava, VP Fin
Melvyn Klein, Independent Chairman Emeritus of the Board
Joseph Israel, Senior Vice President Director
James Vaughn, Chief Administrative Officer, General Counsel

Par Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Par Pacific a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in Par Stock

When determining whether Par Pacific Holdings is a strong investment it is important to analyze Par Pacific's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Par Pacific's future performance. For an informed investment choice regarding Par Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Par Pacific Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Please note, there is a significant difference between Par Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Par Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Par Pacific's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.