Executive Summary

Dane J. Neumann serves as the Executive Vice President, Chief Financial Officer, Treasurer, and Assistant Secretary of CVR Energy, Inc., a publicly traded energy company focused on petroleum refining and renewable fuels. He was appointed to these senior leadership roles in October 2021 after serving in interim and finance leadership capacities within the company starting mid-2020. Neumann is a key executive responsible for overseeing all financial operations, investor relations, and treasury functions, directly contributing to strategic financial management and corporate governance.

Professional Role and Responsibilities

Title: Executive Vice President, Chief Financial Officer, Treasurer, Assistant Secretary

Company: CVR Energy, Inc. (NYSE: CVI)

Tenure:

Vice President – Finance & Treasurer: June 2020 – October 2021

Interim Chief Financial Officer: August – October 2021

Executive Vice President & Chief Financial Officer: Since October 2021 to present

Additional Role: Also holds financial leadership roles at affiliated entity CVR Partners LP, functioning as their Chief Financial Officer.

His broad responsibilities encompass financial strategy, reporting, capital structure management, and compliance with SEC and investor disclosure requirements, as evidenced by multiple signed SEC filings (Forms 4, 8-K, 10-Q, and proxy statements) in 2024 and 2025. Neumann frequently participates in earnings calls and public investor communications, providing detailed analysis of CVR Energy’s financial performance, market challenges, and operational updates.

Educational Background

Master of Business Administration (MBA) – University of Minnesota

Bachelor of Science (BS) in Finance and Political Science – University of Minnesota

This combination of finance and political science, complemented by an MBA, equips Neumann with a solid analytical foundation and an understanding of regulatory and geopolitical factors impacting the energy sector.

Career History and Industry Experience

Prior to his current senior roles at CVR Energy, Neumann held multiple positions of increasing responsibility in finance within refining and marketing segments of related publicly traded entities. His finance leadership experience centers on upstream and downstream energy markets, corporate treasury, and investor relations, positioning him as a seasoned executive with deep sector expertise.

Company Performance and Financial Highlights under Neumann’s Financial Stewardship

Neumann consistently reports and discusses CVR Energy’s financial results during quarterly earnings calls, providing vital insights into company profitability, operational efficiency, and market dynamics:

2023 Financials: CVR Energy reported consolidated net income of approximately $878 million with an Earnings Per Share (EPS) of $7.65, and EBITDA of roughly $1.4 billion, with strong contributions from the petroleum segment.

Q1 2025: Reported significant earnings beat with positive EBITDA attributed to favorable hedging strategies, elevated Renewable Identification Numbers (RIN) pricing, and improved feedstock costs.

Q2 2025: Net sales were reported at $169 million for CVR Partners (affiliated LP), with operating income of $46 million and net income reaching $39 million for the quarter. CVR Energy itself reported a consolidated net loss of $90 million this quarter, impacted by inventory valuation challenges and market pricing volatility.

Q3 2024: Experienced a consolidated net loss of $122 million, prompting suspension of dividends; Neumann explained financial impacts during earnings calls with transparency.

Neumann highlights operational strength such as good demand and strong shipments from company facilities and explains complex factors affecting financial outcomes (e.g., inventory draws reducing capture rates). His communication demonstrates a comprehensive grasp of both financial particulars and operational intricacies.

Compensation and Incentives

Neumann was awarded incentive units as compensation for his officer services on December 8, 2021, reflecting alignment with company performance and long-term value creation goals.

Public Communications and Investor Engagement

Regularly leads or co-leads CVR Energy’s quarterly earnings conference calls and other investor briefings, explaining detailed financial metrics, strategic initiatives, and outlooks.

Frequently referenced in SEC filings and proxy statements as a principal officer with signature authority, reflecting his integral role in corporate governance and regulatory compliance.

Strategic and Operational Insights Relevant to CVR Energy

Neumann’s leadership period aligns with notable financial volatility within CVR Energy, highlighting his experience managing complex market conditions including raw material pricing swings, operational throughput challenges, and renewable fuel segment profitability.

His public commentary indicates a focus on optimizing capture rates, managing hedge positions, and balancing petroleum and renewables businesses.

Given his dual role across CVR Energy and CVR Partners LP, Neumann operates at the intersection of corporate and partnership financial management, enhancing his scope of influence within the group’s capital and operational structure.

Summary

Dane J. Neumann is a finance executive with comprehensive authority over CVR Energy’s financial operations since 2021. His education in finance and political science, coupled with an MBA, supports his effective handling of the company’s capital markets communications, treasury, and strategic financial decision-making. Neumann's leadership tenure includes navigating significant market challenges and delivering transparent financial disclosures through detailed analysis of quarterly earnings and operational drivers. His ongoing oversight of corporate and affiliated partnership finances marks him as a pivotal figure in CVR Energy’s management cadre.