Plains All American Pipeline, L.P. (NYSE: PAA)
today announced several officer changes, including recent and pending
retirements and promotions. These changes are consistent with the
Partnership's established succession plans and continued commitment to
drive operational excellence.
Retirements
Dave Duckett has retired as CEO of Plains Midstream Canada (PMC), a
wholly owned subsidiary of PAA, where he was responsible for directing
business strategy, business development and acquisitions for PAA's
Canadian business. Duckett joined PAA in 2001 as Executive Vice
President of PMC in connection with PAA's acquisition of CANPET Energy
Group Inc. He served as President of PMC from 2003 to 2015, and CEO from
2015 until his retirement earlier this year. Duckett led PMC through a
period of significant growth, building a talented management team and a
strong asset footprint.
Phil Kramer has retired as Executive Vice President, with responsibility
for U.S. lease gathering, human resources and supply chain management, a
role that he held since 2008. Kramer joined PAA in 1983 and served in a
number of positions of increasing responsibility over a 34-year career,
including Controller, Vice President & Treasurer, and Executive Vice
President & CFO. Kramer contributed significantly to the growth and
success of PAA, and played a key role in helping the Partnership and its
predecessor entities navigate through significant challenges and
opportunities.
Jim Fryfogle will retire as Vice President, Bulk Supply & Logistics in
mid-2017. Fryfogle joined PAA in 2004 as Managing Director, Lease
Acquisitions, and held a number of positions throughout his career
including Vice President, Lease Operations and Vice President, Refinery
Supply.
Rick Jensen joined PMC in 2012, serving as Executive Vice President,
Operations until his retirement earlier this year. Jensen's
responsibilities included oversight for all of PMC's crude oil and
liquefied petroleum gas operations, including engineering, environment,
health and safety, land and regulatory activities, as well as supply
chain management. Jensen will continue in an advisory role through the
end of the year.
David Craig joined PMC in 2008 and served in a number of roles, most
recently as Senior Vice President, Corporate Development, with
responsibility for supporting corporate initiatives in Canada. Prior to
that, he served as Executive Vice President & CFO of PMC, overseeing
PMC's accounting, human resources, information services, taxation,
credit, commercial risk management, and risk and trade compliance. Craig
retired from PMC earlier this year.
"I want to thank these gentlemen for their combined years of service and
emphasize how proud I am of what they each accomplished during their
time with PAA," said Greg Armstrong, Chairman and CEO of PAA. "Through
their passionate leadership, in-depth knowledge of the business, and
execution skills, they contributed greatly to PAA's success. We also
appreciate their work to groom successors and ensure that we continue to
have the appropriate capabilities moving forward."
Promotions
Jason Balasch was promoted to President of PMC in anticipation of
Duckett's retirement and has recently assumed certain additional
responsibilities previously held by Duckett. Balasch joined PMC in 2011,
serving in various capacities, most recently as Executive Vice
President, Natural Gas Liquids Commercial & Facilities.
Jeremy Goebel has been promoted to Senior Vice President, Acquisitions &
Strategic Planning. In this role, Goebel will take on additional
responsibilities in leading PAA's acquisitions and
divestitures activities, fundamental analysis, and strategic planning
efforts. Goebel started with Plains in 2013 as Managing Director,
Acquisitions & Strategic Planning. He has served as Vice President,
Acquisitions and Strategic Planning since 2015.
Roy Lamoreaux has been promoted to the new role of Vice President,
Investor Relations & Communications. Lamoreaux will be responsible for
shaping and implementing PAA's strategy to effectively engage with
investors and stakeholders. Lamoreaux joined PAA in 2006 as Manager,
Investor Relations & Equity Capital Markets, and subsequently served as
Director, Investor Relations. Most recently, Lamoreaux served as
Director, Commercial Operations & Pipeline Business Development.
Armstrong stated, "Jason, Jeremy and Roy have demonstrated a strong
commitment to creating long-term value for our stakeholders and
customers. I'm confident their leadership will be instrumental in PAA's
next phase of success."
Plains All American Pipeline, L.P. is a publicly traded master limited
partnership that owns and operates midstream energy infrastructure and
provides logistics services for crude oil, NGLs, natural gas and refined
products. PAA owns an extensive network of pipeline transportation,
terminalling, storage and gathering assets in key crude oil and NGL
producing basins and transportation corridors and at major market hubs
in the United States and Canada. On average, PAA handles over 4.6
million barrels per day of crude oil and NGL in its Transportation
segment. PAA is headquartered in Houston, Texas. More information is
available at www.plainsallamerican.com.
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Plains All American Pipeline, L.P.
Investors:
Ryan
Smith, (866) 809-1291
Director, Investor Relations
or
Media:
Brad
Leone, (866) 809-1290
Director, Communications