Job done, Silver Eagle CEO resigns

Apr 20 2011 - 11:02pm

WOODS CROSS -- Eight months after becoming president and CEO of Silver Eagle Refining, J. Michael Redd has resigned, saying he accomplished all he set out to do.

Redd joined Silver Eagle Refining as vice president of operations shortly after an explosion at the refinery on Nov. 4, 2009. His main duties were to improve safety measures and reconnect the refinery with the community.

Redd was promoted to president and CEO about eight months ago.

Michael Smith, community care leader and administrator for Silver Eagle Refining, said Redd did everything from establishing an extreme safety culture to setting in place rebuilds, reinspections and re-evaluation of the entire refinery.

"He had several (business and consulting) projects he put on hold to come in here, and he did a lot of miracles here," Smith said. "He's a turnaround expert."

Redd said among the refinery's most important accomplishments under his leadership was to improve safety and operational excellence.

"I have completed my project, and I can return to my other business ventures," he said.

"Really, he kind of accomplished everything he was here to do. And, (now that) it looks like we're going back to construction and operation mode, it gets a little too mundane for a guy like Mike," Smith said.

So what does this change for the city of Woods Cross?

"Hopefully nothing," said Mayor Kent Parry. "All the things that were in the works before are still a go as far as the city is concerned."

Following the explosion, which was caused by a pipe failure and severely damaged five homes in the area of the refinery at 2355 S. 1100 West, refinery officials agreed to report to Woods Cross city officials at least monthly. They also agreed to a quarterly scorecard that shows any safety incidents within the facility and complaints from neighbors.

Silver Eagle also agreed to pay for an independent auditor, hired by Woods Cross, who would report to the city and help clarify reports by the refinery.

"It just establishes an ability for us as a city to have a better understanding of what's happening within their facility from a safety performance standpoint," Parry said.

Smith said the refinery plans to continue its transparent relationship with the city.

"There is no way we would or could back away from that commitment," Smith said.

A search is under way to find Redd's replacement.

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