HollyFrontier Board Authorizes New $500 Mln Stock Buyback Program

(RTTNews) - HollyFrontier Corp. (HFC) said Wednesday that its Board of Directors has authorized a $500 million share repurchase program.

The authorization replaces all existing share repurchase authorizations, of which there was about $230 million remaining after having recently purchased about 1.6 million shares in the third quarter of 2014.

Separately, HollyFrontier said it has appointed George Damiris, currently Senior Vice President, Supply & Marketing, to the position of Executive Vice President and Chief Operating Officer of the company.

Damiris has been Senior Vice President, Supply & Marketing since January 2008. He joined HollyFrontier in 2007 as Vice President, Corporate Development after an 18-year career with Koch Industries where he was responsible for managing various refining, chemical, trading and financial businesses.