Tortoise Capital Advisors Announces New Closed-End Fund Independent Board Member
December 18 2013 - 11:00AM
Business Wire
Tortoise Capital Advisors, adviser for seven closed-end funds,
today announced that Rand Berney will join its closed-end fund
board of directors on Jan. 1, 2014.
Rand Berney will join independent board members Conrad
Ciccotello, Charles Heath and John Graham as well as board members
H. Kevin Birzer, chairman of Tortoise’s closed-end funds and senior
managing director of Tortoise, and Terry Matlack, chief executive
officer of Tortoise’s closed-end funds and managing director of
Tortoise.
“Rand brings a tremendous amount of Fortune 500 energy industry,
corporate and financial experience to the board,” stated Kevin
Birzer. “This unique perspective will provide our stockholders
with a complementary knowledge base and skill set in directing the
funds. We are delighted to have him join the board.” Mr. Berney
held several leadership positions during his 35-year career in
energy, serving 20 years in corporate officer positions with
ConocoPhillips, one of the world’s largest energy companies. During
his tenure, he also was deeply involved with its corporate board,
including during the merger of Conoco Inc. and Phillips Petroleum
Co. in 2002. His experience at ConocoPhillips included serving as
senior vice president of corporate shared services, vice president
and controller, and general auditor. He currently is an executive
in residence and professor at Kansas State University's College of
Business Administration.
Mr. Berney earned a Master’s in Business Administration from
Oklahoma State University and a Bachelor of Science in accounting
from Kansas State University. He is a member of the Oklahoma
Society of CPAs, the Financial Executive Institute, American
Institute of Certified Public Accountants, the Institute of
Internal Auditors and the Institute of Management Accountants.
About Tortoise Capital Advisors, L.L.C.
Tortoise Capital Advisors, L.L.C. is an investment manager
specializing in listed energy investments. As of Nov. 30, 2013, the
adviser had approximately $13.7 billion of assets under management
in NYSE-listed closed-end investment companies, open-end funds and
other accounts. Tortoise serves as the investment adviser for seven
closed-end funds: Tortoise Energy Infrastructure Corp. (TYG),
Tortoise Energy Capital Corp. (TYY), Tortoise North American Energy
Corp. (TYN), Tortoise MLP Fund (NTG), Tortoise Pipeline &
Energy Fund (TTP), Tortoise Energy Independence Fund (NDP) and
Tortoise Power & Energy Infrastructure Fund (TPZ). For more
information, visit www.tortoiseadvisors.com.
Tortoise Capital Advisors, L.L.C.Pam Kearney,
866-362-9331Investor Relationspkearney@tortoiseadvisors.com
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