Plains All American Pipeline, L.P. Announces Officer Retirements and Promotions
April 06 2017 - 8:59AM
Business Wire
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) 809-1291Director, Investor
RelationsorMedia:Brad Leone, (866) 809-1290Director,
Communications
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