01—Abstract
Summary
Summary of the 8-K filed July 8, 2026. Cited figures are marked; the original filing is the authoritative source.
HF Sinclair Corporation (NYSE and NYSE Texas: DINO) reported on Form 8-K that its Board of Directors, effective July 6, 2026, appointed Steven Ledbetter as President and Chief Operating Officer and Valerie Pompa as President, Growth, Technology and Transformation.
Ledbetter previously served as Executive Vice President, Commercial, and Pompa as Executive Vice President, Operations. Concurrently, Franklin Myers ceased to serve as President but will remain Chief Executive Officer. The press release states Myers will continue as CEO on a temporary basis.
The Compensation Committee raised Ledbetter's 2026 base salary from $590,000 to $750,000a and his annual incentive target from 75% to 100% of base salary, with a maximum of 200% of base salary (up from 150%). Pompa's 2026 base salary rises from $650,000 to $700,000, and her incentive target from 80% to 90% of base salary, with a maximum of 180% (up from 160%). The increased opportunities apply to the portion of the 2026 performance period beginning on the effective date.
According to the press release, Ledbetter will oversee operations and commercial organizations, with a stated focus on safety and reliability, cost efficiency and unlocking value across the integrated platform. Pompa will lead enterprise-wide growth and transformation priorities, including technology strategy and deployment. Matthew Joyce continues as Senior Vice President, Lubricants & Specialties, reporting directly to Myers.
02—Key points
Key Highlights
- Steven Ledbetter appointed President and Chief Operating Officer; previously Executive Vice President, Commercial, and Shell Midstream and Jiffy Lube executive.
- Valerie Pompa appointed President, Growth, Technology and Transformation; previously Executive Vice President, Operations.
- Franklin Myers ceased to be President but remains Chief Executive Officer, on a temporary basis per the press release.
- Ledbetter's base salary increased from $590,000 to $750,000; annual incentive target raised from 75% to 100% of base salary, with maximum from 150% to 200%.
- Pompa's base salary increased from $650,000 to $700,000; annual incentive target raised from 80% to 90% of base salary, with maximum from 160% to 180%.
- Lubricants & Specialties segment remains under Matthew Joyce, reporting directly to Myers as a distinct strategic segment.
- Leadership changes are framed around safety and reliability, cost efficiency, and technology and transformation priorities.
03—Questions
Frequently Asked Questions
Who is now running HF Sinclair's day-to-day operations?
Steven Ledbetter, appointed President and Chief Operating Officer effective July 6, 2026, will oversee the company's operations and commercial organizations, according to the press release.
Is Franklin Myers leaving HF Sinclair?
No. Myers ceased to serve as President concurrently with Ledbetter's appointment but will remain and continue to serve as Chief Executive Officer. The press release says he will do so on a temporary basis.
How are the executives' compensation terms changing?
Ledbetter's 2026 base salary rises to $750,000 and his incentive target to 100% of base salary (maximum 200%). Pompa's base salary rises to $700,000 with an incentive target of 90% (maximum 180%). The higher opportunities apply to the portion of the 2026 performance period starting on the effective date.
What will Valerie Pompa be responsible for?
Pompa will lead enterprise-wide growth and transformation priorities, including overseeing the company's technology strategy and deployment, per the press release.
Does the Lubricants & Specialties segment change?
Matthew Joyce continues as Senior Vice President, Lubricants & Specialties, and will report directly to Myers because the segment has its own growth priorities and market dynamics.
04—Continue