Magellan Magellan Midstream Partners Announces Death of Director
TULSA, Okla. – Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that John P. DesBarres, a director of the partnership’s general partner, passed away on Mon., Dec. 29. Mr. DesBarres had served as a director since May 19, 2005. Mr. DesBarres also was chairman of the Compensation Committee and one of three members of the Audit Committee.
“John’s business judgment and knowledge of our industry developed through years of experience were very valuable assets to Magellan,” said Don Wellendorf, chief executive officer. “He will be greatly missed both personally and professionally.”
The company indicated that a search for a replacement for Mr. DesBarres, who was one of three independent members of the seven-seat board, will begin immediately.
About Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership formed to own, operate and acquire a diversified portfolio of energy assets. The partnership primarily transports, stores and distributes refined petroleum products. More information is available at http://www.magellanlp.com. MMP’s general partner interest and related incentive distribution rights are owned by Magellan Midstream Holdings, L.P. (NYSE: MGG).
$USD 329.00
$USD 329.00
$USD 329.00
