! ! ! ! !
FOR IMMEDIATE RELEASE
SUNOCO LP ANNOUNCES BOB OWENS, PRESIDENT AND CHIEF EXECUTIVE OFFICER
TO RETIRE, JOE KIM NAMED PRESIDENT AND COO
Sunoco Executives Cynthia Archer and Boyd Foster Also Retiring
Dallas, June 22, 2017 – Sunoco LP (NYSE: SUN) announced today that Robert “Bob” W. Owens,
president and chief executive officer has announced his intention to retire from the Partnership as of
December 31, 2017, after more than 20 years with Sunoco and its predecessors. Owens, who joined Sunoco
Inc. in 1997, has been serving as president and CEO since 2012.
Effective immediately, Joe Kim, who has been serving as executive vice president and chief
development officer for Sunoco since 2015, has been appointed president and chief operating officer. Owens
will continue as CEO until his retirement and will then serve as a consultant to the Partnership through 2019.
Sunoco executives Cynthia Archer, executive vice president and chief marketing officer and Boyd
Foster, executive vice president manufacturing and distribution are also retiring from the Partnership effective
December 31, 2017.
“We thank Bob for his many years of strategic leadership, which has resulted in an impressive list of
accomplishments for both the employees and the unit holders of Sunoco and wish him and his family the best,”
said Kelcy Warren, Chairman of Energy Transfer Equity, the entity that owns the general partner of Sunoco.
“While we are sad to see Bob go, we are excited for the next generation of leadership at Sunoco to take on
larger roles. Joe is an exceptionally talented leader and he has played a significant role in the planned
transformation of the Partnership from a retail-based business into a premier nationwide fuel supplier.”
“Additionally, the appointment of Joe as president and COO and Bob continuing as CEO through
year-end will ensure an orderly transition as we move through the divestment of our retail operations during
the coming months,” added Warren.
Owens joined Sunoco as senior vice president of marketing where he was responsible for Sunoco’s
retail network, wholesale marketing and transportation operations, and commercial supply and trading
activities for crude oil, refined products, and petrochemicals. Prior to joining Sunoco, he held executive
positions with Ultramar Diamond Shamrock Corporation, Amerada Hess Corporation and Mobil Oil
Corporation. Owens is a graduate of California Polytechnic State University with a bachelor’s degree in
business administration and an MBA from the Kellogg Graduate School of Management at Northwestern
- more -