In the news release, Sunoco LP Announces New Chairman and Other
Board Changes, issued 30-Apr-2015 by
Sunoco LP over PR Newswire, we are advised by the company of
correction. The complete, corrected release follows:
Sunoco LP Announces New Chairman and Other Board Changes
HOUSTON, April 30, 2015 /PRNewswire/ -- Sunoco LP (NYSE:
SUN) ("SUN") announced today the appointment of Matthew S. Ramsey as Chairman of the Board. Mr.
Ramsey succeeds Sam L. Susser, who
has resigned from the Board to pursue other new business
interests.
Mr. Ramsey has served as a director of Sunoco LP since
August 2014, serving as chair of
Sunoco LP's audit committee and serving on Sunoco LP's compensation
committee. Mr. Ramsey also serves as a director of Energy Transfer
Equity, L.P. (NYSE: ETE), and is chairman of the audit committee,
as well as a member of the compensation committee.
Mr. Susser has served as Chairman of the partnership since
August 2014, when SUN's parent,
Energy Transfer Partners, L.P. (NYSE: ETP), acquired Susser
Holdings Corporation, together with the general partner of SUN.
"I want to thank Sam for his outstanding work and wise counsel
during the merger of Susser with ETP, and through the integration
of Susser's businesses with our Sunoco Inc. retail marketing and
wholesale fuel distribution business," said Kelcy L. Warren, Chairman and Chief Executive
Officer of ETP.
"Sam, his family and team have built an exceptional convenience
store and fuel supply business that is an outstanding addition to
the Energy Transfer portfolio of assets. Over the years, the Susser
organization has been one of the most visionary innovators in the
C-store industry through its Stripes® retail chain.
"Under Sam's leadership, Stripes grew from five stores when Sam
joined the business in 1988 to a total of 650 stores, with 640
branded dealers, 12,000 employees and $6.8
billion in revenue. Stripes is a premier C-store in every
market it serves, and Sunoco and Stripes are now well-positioned to
capitalize on the strong growth opportunities that Sam, his family
and team have created for our brands in the Southwest and
beyond. We applaud him for these accomplishments, and we wish
the best for his new business ventures," Mr. Warren said.
The partnership also announced today the resignations of
Marshall ("Mackie") S. McCrea,
Martin Salinas, Jr., and William
("Bill") P. Williams from the Board.
As a result of their departures, James ("Jim") W. Bryant and
Richard ("Dick") D. Brannon have been appointed to the Board. Mr.
Bryant and Mr. Brannon previously served on the Board of Directors
for Regency Energy Partners LP. Mr. Brannon also previously served
on the Board of Directors for Sunoco LP.
Sunoco LP (NYSE: SUN) is a master limited partnership (MLP) that
primarily distributes motor fuel to convenience stores, independent
dealers, commercial customers and distributors. SUN also operates
more than 150 convenience stores and retail fuel sites. SUN
conducts its business through wholly owned subsidiaries, as well as
through its 31.58 percent interest in Sunoco, LLC, in partnership
with an affiliate of its parent company, Energy Transfer
Partners. While primarily engaged in natural gas, natural gas
liquids, crude oil and refined products transportation, ETP also
operates a retail and fuel distribution business through its
interest in Sunoco, LLC, as well as wholly owned subsidiaries,
Sunoco, Inc. and Stripes LLC that operate approximately 1,100
convenience stores and retail fuel sites. For more
information, visit the Sunoco LP website at www.SunocoLP.com.
Contacts
Investors:
Scott Grischow
Director – Investor Relations and Treasury
(361) 884-2463, scott.grischow@susser.com
Anne Pearson
Dennard-Lascar Associates
(210) 408-6321, apearson@dennardlascar.com
Media:
Jeff Shields, Communications
Manager
(215) 977-6056, jpshields@sunocoinc.com
Jessica Davila-Burnett, Public
Relations Director
(361) 654-4882, jessica.davila-burnett@susser.com
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SOURCE Sunoco LP