FOR IMMEDIATE RELEASE: October 20, 2011 

DALLAS/FORT WORTH – Michael Jennings, CEO and President of HollyFrontier Corporation, speaks with KERA host Lee Cullum on this month’s episode of CEO. Go inside one of the largest independent oil refiners in the United States to learn how proximity to an excess crude supply in the middle of the country gives the company an advantage over its coastal competitors. Jennings shares key strategies for the company’s success, stating, “We sell products into many industrial markets. It creates a more stable earning stream, and that was one of our drivers in putting these two companies together—to improve the stability in what can be a very deeply cycled economic business.” The chief executive also details the challenges of operating in a capital-intensive industry with environmental and regulatory pressures.

KERA’s CEO features insightful discussions with successful North Texas business leaders from the corporate and not-for-profit sectors about what it takes to make a company successful in today’s global marketplace and changing economy. The October episode featuring Michael Jennings airs at 7 p.m. Friday, Oct. 28 on KERA TV with rebroadcasts at 11:30 a.m. Sunday, Oct. 30 and at 10:30 p.m. Monday, Oct. 31. CEO also can be heard at 5 p.m. Sunday, Oct. 30, 2011, on KERA FM. Following the initial on-air broadcast, the half-hour program will be available on www.kera.org/ceo. Previous CEO episodes are available on demand at www.kera.org/ceo.

CEO is sponsored by Southwest Securities, the Executive Education Center at The University of Texas at Dallas, The Berry Firm and Sewell Automotive Companies. For more information about HollyFrontier Corporation, visit www.hollyfrontier.com.

ABOUT MICHAEL JENNINGS

Mr. Jennings was named Chief Executive Officer and President of HollyFrontier Corporation and was elected as a Director of the Company on July 1, 2011.  Mr. Jennings previously served as President and Chief Executive Officer of Frontier Oil Corporation since 2009, and was appointed Chairman of the Board of Directors of Frontier in 2010 after being elected a Director in 2008.  He joined Frontier in 2005 as Executive Vice President and Chief Financial Officer and came to Frontier with 18 years of experience in finance and acquisitions with Cooper Cameron, Unimin Corporation, British Petroleum and U.S. Trust Company of New York. Prior to joining Frontier, Mr. Jennings was most recently Vice President and Treasurer at Cooper Cameron Corporation. He earned an MBA in finance and accounting from the University of Chicago and a B.A. in economics and government from Dartmouth College.

ABOUT CEO

Host Lee Cullum conducts insightful discussions with successful North Texas business leaders from the corporate and not-for-profit sectors about what it takes to make a company successful in today’s global marketplace and changing economy. CEO episodes are available on-demand at www.kera.org/ceo.

ABOUT KERA

KERA is a not-for-profit public media organization that serves the people of North Texas. The station broadcasts to the fourth-largest population area in the United States. KERA produces original multimedia content, carries the best in national and international public television and radio programs, and provides online resources at www.kera.org. The station’s extensive coverage of the arts can be found at www.artandseek.org. KERA-TV broadcasts on Channel 13.1. KERA WORLD broadcasts on 13.2. KERA-FM broadcasts on 90.1 in Dallas/Fort Worth/Denton, 88.3 in Wichita Falls, 100.1 in Tyler and 99.3 in Sherman. The music station KXT 91.7 FM is also streamed online at www.kxt.org.

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CONTACT:

Christopher Wagley

Director, Marketing & Communications

KERA, KXT and Art&Seek

cwagley@kera.org

214-740-9377