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HomeBusinessMishap at Limetree Bay Leads to Halt of Oil Refining; Three Top...

Mishap at Limetree Bay Leads to Halt of Oil Refining; Three Top Executives Leave Company – Report

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(VI Consortium) St. Croix — Three executives, among them the finance chief, are leaving Limetree Bay, and a mishap at the facility has led to the halt of oil refining, said Reuters, citing an internal letter the publication reviewed.

Limetree Bay, whose goal was to refine 200,000 barrels of oil per day, spent in excess of $1 billion over its original budget to restart refining even as it fell behind on schedule. Refining started in earnest on February 1, Limetree said. The original plan was late 2019 or early 2020.

According to Reuters, citing an April 1 letter to employees, Limetree Chief Financial Officer Forgan McIntosh has resigned effective May 14. The company has been advertising an opening for the position on a career website, Reuters said.

The Reuters report says Senior Vice President of Refining, Bob Weldzius, and Vice President of Human Resources, Jodi Mitchell — both of whom joined Limetree Bay in January 2019 — are set to retire this month, according to the letter.

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