DOW JONES NEWSWIRES
Sunoco Inc. (SUN) named Dell Inc. (DELL) executive Brian
MacDonald as chief financial officer, replacing interim CFO Terence
Delaney, who will pursue other opportunities.
Delaney took the job last fall after longtime finance chief
Thomas Hofmann retired in a management shakeup at the
second-largest U.S. independent oil refiner by volume after Valero
Energy Corp. (VLO).
MacDonald, 43, will assume the post Aug. 10.
He most recently was finance chief of Dell's commercial business
unit. Before taking that job last year, MacDonald was Dell's
treasurer, leading the mergers and acquisitions organization and
global treasury group. He previously worked at General Motors Corp.
(GMGMQ).
In May, Sunoco said it swung to a first-quarter profit as its
refining and supply business benefited from lower expenses. The
company remains braced for a possibly difficult market for its
refined products and chemicals and is going forward with
cost-cutting measures.
Sunoco's shares recently traded at $21.85, down 1.8%, near their
five-year low.
-By Kathy Shwiff, Dow Jones Newswires; 212-416-2357;
kathy.shwiff@dowjones.com