SUGAR LAND, Texas, Jan. 26 /PRNewswire-FirstCall/ -- CVR Energy, Inc. (NYSE: CVI) announced today that Chief Financial Officer Tim Rens will separate from the company no later than June 30, 2009, as a result of the company's decision to relocate the CFO position from Kansas City to Sugar Land. The company is in the process of selecting his replacement.

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"We appreciate Tim's contributions to CVR Energy," said Jack Lipinski, CVR Energy's chairman, president and chief executive officer, "and we respect his decision not to relocate.

"Tim will continue as our CFO until his successor is hired. He will stay on in an advisory capacity to assure a smooth transition," Lipinski added.

The company's office staff in Kansas City will remain largely in place, although the new CFO may choose to relocate certain staff members to Sugar Land in the future.

About CVR Energy, Inc.

Headquartered in Sugar Land, Texas, CVR Energy, Inc.'s subsidiary and affiliated businesses include an independent refiner that operates a 115,000 barrel per day refinery in Coffeyville, Kan., and markets high-value transportation fuels supplied to customers through tanker trucks and pipeline terminals; a crude oil gathering system serving central Kansas, northern Oklahoma and southwest Nebraska; an asphalt and refined fuels storage and terminal business in Phillipsburg, Kan.; and through a limited partnership, an ammonia and urea ammonium nitrate fertilizer business located in Coffeyville, Kan.

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    Investor Relations:                  Media Relations: 
    Stirling Pack, Jr.                   Steve Eames
    CVR Energy, Inc.                     CVR Energy, Inc.
    281-207-3464                         281-207-3550
    InvestorRelations@CVREnergy.com      MediaRelations@CVREnergy.com

SOURCE CVR Energy, Inc.