July 30 (Reuters) - Carl Icahn-backed CVR Energy (CVI.N) , opens new tab on Wednesday named Mark Pytosh as chief executive officer and appointed Brett Icahn to its board.

Pytosh will assume the top role effective January 1, 2026, succeeding Dave Lamp, who announced plans to retire from the position effective December 31.

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Icahn's activist investment firm Icahn Enterprises (IEP.O) , opens new tab currently holds a 68.5% stake in the U.S. refiner and is working to further boost its ownership to 84%.

Brett Icahn is the son of billionaire Carl Icahn. He will join the refiner's board, effective August 1.

The activist investor believes CVR's shares are undervalued in the market and represent an attractive investment opportunity at a time when U.S. refining margins have slumped from the highs reached in 2022.

The company also reported a net loss of $114 million for the second quarter, compared with a year-ago profit of $21 million. Its shares fell 4.5% after the bell.

https://www.reuters.com/sustainability/boards-policy-regulation/cvr-energy-names-mark-pytosh-ceo-adds-brett-icahn-board-2025-07-30/