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Northern Tier Energy (NTI) CEO Mario Rodriguez resigns effective immediately and will be...

Northern Tier Energy (NTI) CEO Mario Rodriguez resigns effective immediately and will be replaced by President and COO Hank Kuchta. NTI reaffirms Q4 operational guidance, forecasting total throughput of 80K-85K bbl/day. NTI -2.5% premarket.
Comments (6)
  • harrystc
    , contributor
    Comments (6) | Send Message
     
    We are entitled as shareholders to know the nature of the issues that resulted in a resignation effective immediately . Pursuing personal interest will not do, since that is exactly what he was doing. We need more information in the next two hours.
    21 Dec 2012, 10:40 AM Reply Like
  • obieephyhm
    , contributor
    Comments (1566) | Send Message
     
    i agree . . . the press release said nothing about why the sudden departure and some sort of statement is appropriate.
    21 Dec 2012, 01:58 PM Reply Like
  • harrystc
    , contributor
    Comments (6) | Send Message
     
    SEC Rules require that we have more information than that he is leaving immediately to pursue personal matters. This is serious stuff and too many hours have elapsed without this being filled in.
    21 Dec 2012, 02:55 PM Reply Like
  • vandob
    , contributor
    Comments (36) | Send Message
     
    Unfortunately as shown repeatedly to us by Congress, the Senate, the current WH occupants, the SEC, Justice, many on WS and others, rules and laws are not necessarily mandatory to follow-----------
    21 Dec 2012, 03:49 PM Reply Like
  • zorro2828
    , contributor
    Comments (537) | Send Message
     
    You would think that because of the Christmas Season, someone in corporate would realize there are shareholders who have vested their earnings in the Company and they too require a satisfactory answer to a CEO leaving without grace. I wonder if we can sue the SEC for their lack of fudiciary protection of the shareholders? I am ticked off at this superscilious release
    22 Dec 2012, 11:36 AM Reply Like
  • hookem63
    , contributor
    Comments (7) | Send Message
     
    I recently considered taking a long position; however, I am glad I had not finished my due diligence. Who knows what this management change may do to the company? Certainly, there are many who know significantly more than has been reported. I believe full disclosure is the responsibility of management, and the lack thereof constitutes gross negligence. I would like to continue to do due diligence on this company, but unless earnings and the corporate financial condition continue with the current trend, the future outlook is tainted.
    13 Jan 2013, 11:16 PM Reply Like
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