Exxon Director Leads Elliotts Citgo Acquisition Bid

An Exxon Mobil board member, Gregory Goff, has been appointed CEO of Amber Energy, an affiliate of Elliott Investment Management. Amber Energy recently won a bid to acquire Citgo Petroleum, a Venezuelan-owned oil refiner and competitor of Exxon. Goff`s role at Exxon includes key positions on various committees. The acquisition, valued at up to $7.28 billion, stems from a U.S. court auction of Citgo`s parent company shares to settle claims against Venezuela. Goff`s extensive experience in the energy sector, including previous leadership roles at Andeavor and Marathon Petroleum, is highlighted in the bid disclosure.