HOUSTON, Nov. 7, 2019 /PRNewswire/ -- Adams Resources
& Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company")
today announced that Kevin J.
Roycraft, has been appointed Chief Executive Officer and
President of Adams, effective January
1, 2020. Mr. Roycraft has served as President of
Service Transport Company since he joined the Company in November
of 2017, and has additionally served as Interim President of
GulfMark Energy, Inc. since August
2019.
"Kevin has proven to be an invaluable member of our executive
team since joining Adams only two years ago, and we look forward to
his continued success," said Townes G.
Pressler, the Company's Executive Chairman. "The Company has
prospered under Kevin's outstanding leadership, and we will
continue to leverage his extensive experience and abilities as we
further improve our performance metrics and grow the business."
"I appreciate the opportunity and am deeply honored by the
confidence the Board has shown as I step into this expanded role,"
said Kevin J. Roycraft. "The
Company is in a strong position both operationally and financially,
and I look forward to continuing to work closely with the full
family of Adams' employees as we execute on opportunities to take
the Company to new heights."
Mr. Pressler will be retiring as Executive Chairman effective
December 31, 2019 and will retain his
position as Chairman of the Board of the Company.
Mr. Roycraft added, "The entire Adams organization is very
thankful to Mr. Pressler for his dedication and leadership during
his time as Executive Chairman. I look forward to continuing
to work with Mr. Pressler as we grow the Company and deliver
long-term value for our shareholders."
Adams Resources & Energy, Inc. is primarily engaged
in the business of crude oil marketing, transportation and storage
and tank truck transportation of liquid chemicals and dry bulk
through its two subsidiaries, GulfMark Energy, Inc. and Service
Transport Company, respectively. For more information, visit
www.adamsresources.com.
Contact: Tracy E. Ohmart
EVP, Chief Financial Officer
tohmart@adamsresources.com
(713) 881-3609
View original content to download
multimedia:http://www.prnewswire.com/news-releases/adams-resources--energy-inc-announces-appointment-of-chief-executive-officer-300954252.html
SOURCE Adams Resources & Energy, Inc.