Fehsenfeld, who died Nov. 28, consistently sought occasions to grow the company and taught himself about other industries so he could take advantage of opportunities when he saw them. He received his B.A. owns 15,476,795 shares of Calumet Specialty Products Partners LP (CLMT) as of November 7, 2011, with a value of $266 Million and a weighting of 91.78%. cost CHIEF EXECUTIVE OFFICER, MONUMENT CHEMICAL. The Crystal Flash business evolves into an independently branded series of convenience stores, which provide cash flow to support growth. Fred M. Fehsenfeld, who grew his family's gas station company Crystal Flash into the petroleum and chemical powerhouse The Heritage Group, has died at 94. of Ms. Schumacher is the daughter of Fred M. Fehsenfeld, Jr., the chairman of the board of our general partner. of 679,730. Meet the 25 Wealthiest Members of Congress - Business Insider Last year, Holcomb named Interstate 865the east-west connector between I-65 and I-465after Fehsenfeld, who was a major donor to his alma mater, Purdue University, throughout his life. in economics and an MBA from the Massachusetts Institute of Technology Sloan School of Management. Mr. Fehsenfeld has served as Chairman of the Board of Directors of Calumet Specialty Products Partners, L.P. (Calumet Partners) since 2006. The most recent transaction was a sale order of 178,260 units , worth Supporting partners and customers, the research group provides innovative chemicals and now holds 55 patents with another 20 pending in the United States. Heritage-Crystal Clean, Inc's most recent insider trade came on March 10, 2023 by Our founding father: A man, a truck and a dream. In lieu of flowers, memorial contributions may be made to: The Purdue Foundation, 403 West Wood Street, West Lafayette, IN 47907, In memory of Fred M. Fehsenfeld Sr. Engineering Scholarship Fund . Fred is now married. According to the SEC Form 4 filings, Fehsenfeld Fred M Jr has made a total of Fred graduated from Shortridge High School, earned a mechanical engineering degree from Purdue and also received an honorary doctorate in Civil Engineering from Purdue. After whittling the list down to three top priorities, they went to work as a team and managed to secure green lights where only red ones had existed before. of 2,000 shares made by Ryan Willman estimated net worth of Fehsenfeld Fred M Jr, Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership, Calumet Specialty Products Partners LP (CLMT). The addition of high-quality aggregates sparks a period of dramatic growth and leads to the development of the Heritage construction business. Fred Fehsenfeld Net Worth (2023) | wallmine GuruFocus.com is not operated by a broker or a dealer. In November 2020, The Heritage Group celebrates its 90th anniversary-and is looking forward to 100 years! You get tremendous job security, a flexible schedule, intellectually stimulating work and decent pay. a net sale Calumet processes crude oil and other feedstocks into customized lubricating oils, solvents and waxes used in consumer, industrial and automotive products; produces fuel products including gasoline, diesel and jet fuel. His lifetime of service and philanthropy will continue to impact the lives of Hoosiers for the next 200 years. Tom Ford. He holds a B.S. Most recently he sold 147,710 units of HCCI stock worth $4,834,548 on 23 August 2022. Sibel lives in Westfield, IN with her husband and her daughter. . He assumed these roles following Ashlands 2008 acquisition of Hercules, where had been serving as President of the Hercules Paper Technologies and Ventures business. WaPost CEO Graham knows: the real money is in education. and John Lucks, Senior VP Sales & Marketing Please note our updated comment policy that will govern how comments are moderated. Fred Fehsenfeld Jr owns about 668,197 units of Heritage-Crystal Clean, Inc common stock. After he lays the foundation for success, John's vision of a family-owned business becomes a reality when he sells majority stock in the company to his three sons, Frank, Fred Sr., and Mac. Fred M. Fehsenfeld was born in Indianapolis on October 10, 1924. The oldest executive at Calumet Specialty Products Partners L.P. is RobertFunk, 74, who is the Independent Director of Calumet GP LLC. Fred Schaufeld Net Worth Fred Schaufeld Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography. The last name Fehsenfeld occurs mostly in The Americas, where 54 percent of Fehsenfeld are found; 53 percent are found in North America and 53 percent are found in Anglo-North America. He has broad investment and nance experience across a wide variety of industries in both public and private equity investments. in mechanical engineering and materials science from Duke University, an M.S. Trust 106 Fbo F M Fehsenfel Net Worth (2022) | wallmine in management from the Massachusetts Institute of Technology Sloan School. Midge Fehsenfeld died in 2003, after the couple had been married 57 years. Through its vacuum services program during 2020 the Company treated approximately 52 million gallons of wastewater. The three richest families are worth $301. You may opt-out by. Prior to joining The Heritage Group in 2015, Geoff was a Vice President at PIMCO, an investment management firm. Surely Dennis J. Keller would agree with me. As of 3 February 2023 she still owns at least 177,373 units of Calumet Specialty Products Partners L.P stock. The Heritage Group Accelerator powered by Techstars makes its home in The Center in 2019, hosting 10 startup companies each year with a goal to help solve some of the world's most pressing challenges. The company operates through three segments namely Specialty Products and Solutions segment manufacture and market solvents, waxes, customized lubricating oils, white oils, petrolatum's, gels, esters, and other products. While building a multibillion-dollar corporation and a growing philanthropic effort in Kenya, Fehsenfeld has also managed to find time to indulge in his other favorite pastimerooting on Blue Devil basketball. Sibel has been a member of the American Chemical Society (ACS) since 1999 and active in different levels of leadership. What Fehsenfeld did know about, however, was how the corporate office thought and operated. What will happen now is that students will be exposed to mechanical engineering, chemical engineering, civil engineering and bio-engineering. Taking into account various assets, Fred's net worth is greater than $250,000 - $499,999; and makes between $200 - 249,999 a year. The Heritage Group expands into global markets with operations in Kallo, Belgium. ALL RIGHTS RESERVED. She earned her B.S. The aggregates business begins when The Heritage Group purchases Indiana quarries in order to make better roads and other products. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Prior to starting and building HG Ventures, John Glushik served as a General Partner at Intersouth Partners and the Managing Director of the Duke Angel Network. Fred Fehsenfeld - Environmental and Ecological Engineering - Purdue The most active insiders traders include Group Heritage, Fred M Jr Fehsenfeld, and Bruce A Fleming. Fehsenfeld Fred M Jr is the director & Chairman of Calumet Specialty Products Partners LP. Editor's note: You can comment on IBJ stories by signing in to your IBJ account. The estimated Net Worth of Fred M Jr Fehsenfeld is at least $25.3 Milho dollars as of 23 August 2022. Through its containerized waste program during 2020 the Company collected 20 tons of regulated waste which was sent for energy recovery. She worked as a Post Doctorate Researcher at Indiana University Purdue University Indianapolis. Only the transactions in Open Market or Private Sale at the market prices are included. Stock quotes provided by InterActive Data. Fred. He started his studies and joined the swim team, too getting the most out of whatever college . He headed the Distressed M&A Group for Houlihan Lokey in Chicago, where he was responsible for advising on mergers and acquisitions of companies involved in complex nancial and operational restructurings. Trust Fbo F M Fehsenfeld & Net Worth (2022) | wallmine CA In that role, she was responsible for growing Monument from a small, Indianapolis-based business into a global company with operations in Europe and the US. Opinions expressed by Forbes Contributors are their own. The company remains owned by the Fehsenfeld family. of Fred Fehsenfeld Net Worth The estimated Net Worth of Fred M Jr Fehsenfeld is at least Heritage-Crystal Clean Inc stock worth over . EXECUTIVE VICE PRESIDENT, HERITAGE RESEARCH GROUP. Fred was preceded in death by his two children, Jan (John) Dillow and Mike (Robin) Fehsenfeld. Prior to joining The Heritage Group, Betsy served as chief operating officer of Central Indiana Corporate Partnership (CICP), a non-profit focused on advancing the economic prosperity of central Indiana. 3 transactions in Heritage-Crystal Clean Inc (HCCI) over the past 5 years, including 0 buys and 3 sells. COO Gregory Ray in civil engineering from Purdue University and her M.S. Fred M Fehsenfeld had helped build the company since 1977, from when it started collecting waste lubircant oil from mechanics and the like. He was a committed member of his community, a member of Junto for over fifty years, a loyal supporter of his alma mater Purdue and past Chairman of The Asphalt Institute. Keller founded DeVry's Keller School of Management some 35 years ago and now commences with $339 million of shares in the company. Let others know about your loved one's death. 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She possesses a broad background within the chemicals industry, with specific experience in strategic growth projects. (A largely self-serving disclosure: I've written for the Washington Post). Fred Schaufeld net worth is $1.2 Million Fred Schaufeld Wiki: Salary, Married, Wedding, Spouse, Family . Duke Basketball has been a wonderful connector with lifelong friends for Fehsenfeld, many made during his spirited first year. . Calumet Specialty Products Partners LP (CLMT) He donated tens of thousands of dollars over the years to candidates and office holders including Mike Pence, Eric Holcomb and Todd Young and hundreds of thousands in total to groups including the National Republican Senatorial Committee, National Republican Congressional Committee and Indiana Republican State Central Committee. Fehsenfeld Fred M Jr is the director of Heritage-Crystal Clean Inc. Fehsenfeld is most commonly held in The United States, where it is carried by 225 people, or 1 in 1,610,929. The class tackled Machiavelli, Joseph Shumpeter, Karl Marx and others. The Purdue Foundation - Fred M. Fehsenfeld Sr. Engineering Scholarship Fund, 403 West Wood Street, West Lafayette, Indiana 47907, 30 South Meridian Street, Indianapolis, IN 46204, Do Not Sell or Share My Personal Information. Fred Fehsenfeld Jr's largest sale order was 700,000 units , worth over and During the past 18 months, 11,142 shares of Calumet Specialty Products Partners LP (CLMT) were sold and 47,517 shares were bought by its insiders, resulting in a net Ive spent my entire career using creative problem solving to confront complicated issues, Fehsenfeld said. Additionally, Jeff serves as independent director of the board of Indy Eleven, the USL-league professional soccer team in Indianapolis and Jet Access, a leading charter and private jet management company based in Indianapolis. In 1946 he married his college sweetheart Mildred (Midge) Cornelius and they had seven children. While winding down the semester, he's seen his wealth grow over 20%. The Heritage Group currently employs 6500 people around the world, with operations across North America, Europe and China, in the core industries of Environmental and Remediation, Specialty Chemicals and Fuel Products, and Construction and Materials. U.S. Bank Failures Are Fueling Crypto Adoption, Restaurant Brands Stock To Likely See Little Movement Post Q1, Three Essential Survival Tips If You Are Investing In Bonds, The Fed And Apple Highlight A Busy Week Ahead, JPMorgan Buys First Republic With Lessons To Consider From 2008. The financial magazine said the number of. The Board has concluded that Mr. Fehsenfeld should be a Director and Chairman of the Companys Board because of his significant executive experience referred to above, as well as the fact that his significant stock ownership in the Company aligns his interests with those of other shareholders. He had 20 grandchildren and 24 great-grandchildren. Geoff is a CFA Charterholder. Only this time, I get to be the mentor, supporting the next generation as they navigate complex situations, looking for creative solutions.. Curriculum Vitae. With $10,000 and a dream, John E. "Jack" Fehsenfeld begins a residential home heating oil delivery service called Crystal Flash. Early in his career while working in ConocoPhillipss corporate headquarters, Fehsenfeld asked to be transferred into the oil fields of Oklahoma where he would have an opportunity to develop his engineering skills. Hes also a constant source of support for the schools Annual Fund, maintaining a strong relationship with Judge Carr, Senior Associate Dean for Development and Alumni Relations. Fred Fehsenfeld Net Worth (2022) | wallmine Fred M. Fehsenfeld, Decorated World War II Fighter Pilot and Founder of The Heritage Group, Dies at 94. In 2016, Amy transitioned to President of The Heritage Group and was appointed CEO in 2020, marking the fourth generation of Fehsenfeld family leadership. In 2002, Michigan Crystal Flash, which evolves into independently branded convenience stores, is sold to Speedway. Never one to quit, they recently brought on a world-class scientist, Dr. Jake Wall, to address these growing issues with creative solutions. But many stocks buck the trend and chalk up good performances - this week drug advances and federal (in)action benefitted some stocks. While MEP has helped reduce the threat from poaching, Fehsenfeld notes that other threats such as habitat fragmentation and human wildlife conflict have increased. and Fred did this, not for himself but because of the societal and economic benefits that would come to the United States, which he loved so much. This initiative would improve the future of American infrastructure for generations to come. The Heritage Group now owns more than 17 quarries throughout Indiana. purchase Fred Fehsenfeld Jr. Chairman of the Board The Heritage Group Timeline 1930s THE FIRST GENERATION Our founding father: A man, a truck and a dream With $10,000 and a dream, John E. "Jack" Fehsenfeld begins a residential home heating oil delivery service called Crystal Flash. His plans got off to a rocky start, however, when he quickly discovered that there were a number of longtime employees stationed in Ponca City that resented his presence very deeply. Fehsenfelds focus on integrity and trust and his dedication to tackling big problems in service to society can all be traced back to Duke Engineeringas can his love of Duke basketball. I have learned that if incentives are properly designed up front that things work well with minimal oversight. Empathizing with the struggles of his new coworkers, Fehsenfeld asked to learn about all of the projects that had been proposed to Corporate and denied. In Indiana, Mac Fehsenfeld runs the company. Throughout his life and career, Fehsenfeld has been dedicated to making a difference both professionally and personally in every way he can. The first thing Coach K said, according to Fehsenfeld, was that, Butler didnt lose tonight, college basketball won. Duke had just defeated Butler, the Indianapolis home team, and Fehsenfeld was fortunate enough to attend the post- game activities in the dark hours of the night. , Calumet Specialty Products Partners L.P executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Calumet Specialty Products Partners L.P stock, insiders at Calumet Specialty Products Partners L.P, Stocks and cryptocurrency portfolio tracker. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. She is also a member of its board of trustees. Fehsenfeld was also a big donor to Republican political candidates and party organizations. Meta Platforms Stock Is Trading Close To Its Fair Value. . Over the past 18 months, acquisition Fred Fehsenfeld Net Worth (2022) | wallmine Gates, William H., III, Seattle, $54.0 billion 2.