HOUSTON, Oct. 30, 2017 /PRNewswire/ -- Adams
Resources & Energy, Inc. (NYSE MKT: AE) ("Adams" or the
"Company") today announced the election of Kevin J. Roycraft as President of Service
Transport Company ("STC"), a wholly owned subsidiary of Adams,
effective mid-November 2017. James L.
Brown will remain with Service Transport Company through his
retirement date of December 31, 2017
to help facilitate a smooth transition.
Kevin Roycraft brings over 24
years of experience in transportation and logistics operations,
management and executive leadership. He joins Service
Transport Company from Dana Transport Inc., where he served as
Executive Vice President. From 2012 through 2015, Mr.
Roycraft was the President and Chief Executive Officer of Aveda
Transportation and Energy Services. From 2004 through 2012,
Mr. Roycraft held various positions of increasing responsibility
with Liquid Transport Corp, including Director of Business
Development and Vice President of Operations. He holds a
Bachelor of Science degree in Organizational Leadership and
Supervision from Purdue University.
"We welcome Kevin's leadership and experience to the STC
team. Service Transport Company is well positioned to take
advantage of the substantial downstream development across the Gulf
Coast, and Kevin will be a key leader in capturing future
opportunities and growth. We thank Jim Brown for his 33 years of tireless
dedication to Service Transport Company," said Townes
Pressler, Executive Chairman of the Company.
Adams Resources & Energy, Inc., headquartered in
Houston, Texas, is engaged in
the business of crude oil marketing, transportation and storage and
tank truck transportation of liquid chemicals, dry bulk and ISO
tank container storage and transportation. For more
information, visit www.adamsresources.com.
Cautionary Statement Regarding Forward-Looking
Statements
This news release contains forward-looking
statements. Forward-looking statements relate to future events and
anticipated results of operations, business strategies, and other
aspects of our operations or operating results. In many cases you
can identify forward-looking statements by terminology such as
"anticipate," "intend," "plan," "project," "estimate," "continue,"
"potential," "should," "could," "may," "will," "objective,"
"guidance," "outlook," "effort," "expect," "believe," "predict,"
"budget," "projection," "goal," "forecast," "target" or similar
words. Statements may be forward looking even in the absence of
these particular words. Where, in any forward-looking statement,
the Company expresses an expectation or belief as to future
results, such expectation or belief is expressed in good faith and
believed to have a reasonable basis. However, there can be no
assurance that such expectation or belief will result or be
achieved. The actual results of operations can and will be affected
by a variety of risks and other matters including, but not limited
to, changes in commodity prices; changes in expected levels of
natural gas and oil reserves or production; operating hazards,
drilling risks, unsuccessful exploratory activities; limited access
to capital or significantly higher cost of capital related to
illiquidity or uncertainty in the domestic or international
financial markets; international monetary conditions; unexpected
cost increases; potential liability for remedial actions under
existing or future environmental regulations; potential liability
resulting from pending or future litigation; and general domestic
and international economic and political conditions; as well as
changes in tax, environmental and other laws applicable to our
business. Other factors that could cause actual results to differ
materially from those described in the forward-looking statements
include other economic, business, competitive and/or regulatory
factors affecting our business generally as set forth in our
filings with the Securities and Exchange Commission. Unless legally
required, Adams undertakes no obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact: Josh C. Anders
EVP, Chief Financial Officer
janders@adamsresources.com
(281) 974-9442
SOURCE Adams Resources & Energy, Inc.