BPL Announces New CFO - Monday, November 10, 2008
Breinigsville, PA – November 10, 2008. . . Buckeye Partners, L.P. (NYSE: BPL)
(the “Partnership”) today announced the appointment of Keith E. St. Clair as Senior Vice
President and Chief Financial Officer of Buckeye GP LLC, which is the general partner of
the Partnership. Mr. St. Clair will replace Vance Powers, who has been serving as Acting
Chief Financial Officer since July 23, 2007. Mr. Powers will continue to serve the
Partnership in his capacity as Vice President, Finance and Controller. Mr. St. Clair has
also been appointed to a similar position at MainLine Management LLC, the general
partner of Buckeye GP Holdings L.P. (NYSE: BGH), which is the parent company of
Buckeye GP LLC.
Mr. St. Clair has over 20 years of experience in senior financial positions in both
public and private companies. Most recently, Mr. St. Clair served as Executive Vice
President and Chief Financial Officer of Magnum Coal Company, one of the largest coal
producers in Central Appalachia, from January, 2006 until its sale to Patriot Coal
Corporation in July of 2008. Prior to joining Magnum, Mr. St. Clair served as Senior Vice
President and Chief Financial Officer of Trade-Ranger, Inc., a global business-to-business
marketplace for electronic procurement and supply chain management for the oil and gas
industry, from March, 2002 until its sale in mid-2005. Mr. St. Clair is a certified public
accountant.
Forrest E. Wylie, Chairman and CEO, stated, “We are extremely pleased to
announce the addition of Keith St. Clair to Buckeye’s senior management team. Keith’s
leadership skills and financial background make him ideally suited to lead our finance and accounting groups and to assist Buckeye as we expand the scope of our business in the
years ahead.”
Buckeye Partners, L.P. (www.buckeye.com) is a publicly traded partnership that
owns and operates one of the largest independent refined petroleum products pipeline
systems in the United Status in terms of volumes delivered, with approximately 5,400
miles of pipeline. Buckeye Partners, L.P. also owns 64 refined petroleum products
terminals, operates and maintains approximately 2,200 miles of pipeline under
agreements with major oil and chemical companies, owns a major natural gas storage
facility in northern California, and markets refined petroleum products in certain of the
geographic areas served by its pipeline and terminal operations. The general partner of
Buckeye Partners, L.P. is owned by Buckeye GP Holdings L.P. (NYSE: BGH).
Buckeye Partners, L.P-Buckeye Partners, L.P-11/10/2008
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