Summary Observations Regarding CVR's Campaign
CVR's Nominees Would Weaken the Composition of Our Board
Public Company
Board Experience
Implication of Electing
CVR's Nominees
Current Board
If CVR Nominees Replace
Our Targeted Directors
88%
63%
Substantially reduces our overall
independent board leadership experience
Public Company
63%
38%
C-Suite Experience
Refining
75%
75%
4 current directors, including 2 targeted by
CVR, were or are CEOS, COOs or Chairmen
of public integrated refiners
Our Board already has a wealth of refining
experience and has overseen a strategy that
has outperformed CVR by 72 percentage
points of TSR over the past 5 years
(1)
Retail
38%
25%
None of CVR's nominees have retail
experience
Finance/Accounting
Delek
US
75%
50%
CVR's nominees would weaken our Board's
expertise in financial management and
capital allocation
CVR's nominees are not additive to the Board, do not enhance our diversity profile and would detract
from the complementary mix of skillsets and experiences of our purpose-built Board
(1)
FactSet as of 4/9/2021. TSR calculated based on price performance of stock over given time period and assumes all dividends are reinvested
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