OVERLAND PARK, Kan.,
Jan. 13, 2014 /PRNewswire/ --
Ferrellgas Partners, L.P. (NYSE:FGP), one of the nation's largest
distributors of propane, today announced the appointment of
Todd Soiefer, to the newly created
position of Senior Vice President of Strategic Development.
Previously, Soiefer worked at RBC Capital Markets as Director,
Energy Investment Banking.
Ferrellgas President and CEO Steve
Wambold explained, "Todd's background represents an ideal
fit and a natural evolution of our strategic direction to look at
complementary asset acquisitions outside the propane space for
diversification and stabilization of cash flow. At RBC he played a
key role in the MLP coverage team and advised clients on a wide
range of investment banking activities."
Wambold emphasized, "We remain committed to growing our propane
operations profitably through acquisitions and organically. Given
the fragmented nature of the industry, we are confident the growth
opportunities in this area are significant." He also pointed out,
"As we evaluate diversification opportunities, our disciplined
acquisition criteria remain unchanged, which include immediate
accretion to earnings."
Soiefer will report to Executive Vice President and Chief
Financial Officer Ryan VanWinkle.
His appointment is effective this Thursday, January 16. He
will be based in New York City, at
1745 Broadway, 17th Floor, New
York, N.Y. 10019, 917-477-3163, with the e-mail address
ToddSoiefer@Ferrellgas.com.
Ferrellgas Partners. L.P., through its operating partnership
Ferrellgas L.P., serves customers in all 50 states, the
District of Columbia and
Puerto Rico. Ferrellgas employees
indirectly own more than 21 million common units of the partnership
through an employee stock ownership plan. More information about
the partnership can be found online at www.ferrellgas.com.
Statements in this release concerning expectations for the future
are forward-looking statements. A variety of known and unknown
risks, uncertainties and other factors could cause results,
performance and expectations to differ materially from anticipated
results, performance and expectations. These risks, uncertainties
and other factors are discussed in the Form 10-K of Ferrellgas
Partners, L.P., Ferrellgas Partners Finance Corp., Ferrellgas,
L.P., and Ferrellgas Finance Corp. for the fiscal year ended
July 31, 2013, and other documents
filed from time to time by these entities with the Securities and
Exchange Commission.
Contact:
Tom Colvin, Investor Relations,
tomcolvin@ferrellgas.com or (913) 661-1530
Scott Brockelmeyer, Media Relations,
scottbrockelmeyer@ferrellgas.com or (913) 661-1830
SOURCE Ferrellgas Partners, L.P.