Matthew Lucey, CEO of PBF Energy, is a seasoned executive with deep roots in finance and energy sectors. He took over as CEO on July 1, 2023, after serving as President since 2015, where he spearheaded the company’s strategic initiatives....
Matthew Lucey, CEO of PBF Energy, is a seasoned executive with deep roots in finance and energy sectors. He took over as CEO on July 1, 2023, after serving as President since 2015, where he spearheaded the company’s strategic initiatives. Before that, he was PBF’s first Chief Financial Officer, showcasing his keen understanding of corporate finance. Lucey began his career in banking and later transitioned to private equity, focusing on energy investments. He combines his financial expertise with extensive operational experience in the energy industry, positioning PBF for growth in a competitive marketplace. Lucey earned a total compensation of about $12.2 million in 2023, which includes a salary of $990,000 and significant performance-based bonuses tied to company metrics. His leadership transition comes at a time of expanding opportunities for PBF Energy, especially as the company refines strategies for sustainable growth. Fun fact: Lucey's insider trading activity shows a peak holding value of $17.1 million in recent trades, highlighting his significant financial commitment to the success of PBF Energy.