SUGAR LAND, Texas, May 23, 2011 /PRNewswire/ -- CVR Partners, LP
(NYSE: UAN), a master limited partnership and manufacturer of
ammonia and urea ammonium nitrate (UAN) solution fertilizer
products, announced today that Mark A.
Pytosh and Jon R. Whitney
have been appointed to the board of directors of the partnership's
general partner, CVR GP, LLC. Both appointments will be
effective as of June 1, 2011.
(Logo: http://photos.prnewswire.com/prnh/20080226/CVRLOGO)
Pytosh is currently the chief financial officer of CCS
Corporation, a privately-held company that is the largest oil and
gas environmental services company in North America. Before joining CCS, Pytosh
served as chief financial officer of Covanta Holding Corporation, a
publicly-traded company which owns and operates energy-from-waste
power facilities, biomass power facilities and independent power
plants in the United States,
Europe and Asia. He has also served as chief
financial officer of Waste Services, Inc., a publicly-traded
integrated solid waste services company.
Whitney previously served as president and chief executive
officer from 1990 to 2001 at Colorado Interstate Gas Company (CIG),
a natural gas transmission company, where he began in 1968.
Since leaving CIG he has served on the board of directors of
a number of other public and private companies and worked at Peak
Energy Ventures, LLC, a natural gas consulting company. He is
currently a director of Bear Tracker Energy LLC, a private company
in the midstream energy business.
"We are pleased that two individuals as experienced and
financially sophisticated as Mark and Jon are joining our board,"
said John J. Lipinski, executive
chairman of the board of CVR GP, LLC and chairman, chief
executive officer and president of CVR Energy, Inc., which owns the
general partner and nearly 70 percent of the common units at CVR
Partners. "I am looking forward to working with Mark and Jon
as we focus on our growth strategy at CVR Partners."
Concurrent with the appointment of the two new directors to the
board of CVR GP, CVR Partners also separately announced that
Byron Kelley was appointed as
president and chief executive officer of CVR GP and will join the
board of CVR GP as well. CVR Partners also announced that,
with the addition of the three new directors, three existing
directors of CVR GP, Scott L.
Lebovitz, John K. Rowan and
Stanley de J. Osborne, would resign
from the board of directors of CVR GP, effective June 1, 2011. CVR GP is an indirect
wholly-owned subsidiary of CVR Energy, Inc. ("CVR Energy").
These three directors previously served on the board of
directors of CVR Energy pursuant to nomination rights granted to
certain funds associated with Goldman, Sachs & Co. ("GS") and
Kelso & Company, L.P. ("Kelso") and concurrently served on the
board of CVR GP. GS recently sold its interest in CVR Energy,
and Kelso recently sold a substantial portion of its interest in
CVR Energy.
"I want to thank Scott, John and Sandy for their exceptional
service to our board," Lipinski said. "We wouldn't be where
we are without their service, and I am grateful for all they have
done for our company."
As a result of the changes to the board, effective June 1, 2011, CVR GP's board will consist of
Jack Lipinski, George Matelich, Donna
Ecton, Frank Muller,
Byron Kelley, Mark Pytosh and Jon
Whitney.
About CVR Partners, LP
Located in Coffeyville, Kansas,
CVR Partners, LP is a Delaware
limited partnership focused primarily on the manufacture of
nitrogen fertilizers. The CVR Partners nitrogen fertilizer
manufacturing facility is the only operation in North America that uses a petroleum coke
gasification process to produce nitrogen fertilizer and includes a
1,225 ton-per-day ammonia unit, a 2,025 ton-per-day urea ammonium
nitrate unit, and a dual-train gasifier complex having a capacity
of 84 million standard cubic feet per day of hydrogen.
SOURCE CVR Partners, LP