April 30, 2015
(NYSE: SUN) ("SUN") announced today the appointment of
Matthew S. Ramsey
as Chairman of the Board. Mr. Ramsey succeeds
Sam L. Susser
, who has resigned from the Board to pursue other new business interests.
Mr. Ramsey has served as a director of
, serving as chair of
audit committee and serving on
compensation committee. Mr. Ramsey also serves as a director of
Energy Transfer Equity, L.P.
(NYSE: ETE), and is chairman of the audit committee, as well as a member of the compensation committee.
Mr. Susser has served as Chairman of the partnership since
, when SUN's parent,
Energy Transfer Partners, L.P.
(NYSE: ETP), acquired
Susser Holdings Corporation
, together with the general partner of SUN.
"I want to thank Sam for his outstanding work and wise counsel during the merger of Susser with ETP, and through the integration of Susser's businesses with our
retail marketing and wholesale fuel distribution business," said
Kelcy L. Warren
, Chairman and Chief Executive Officer of ETP.
"Sam, his family and team have built an exceptional convenience store and fuel supply business that is an outstanding addition to the
portfolio of assets. Over the years, the Susser organization has been one of the most visionary innovators in the C-store industry through its Stripes
"Under Sam's leadership, Stripes grew from five stores when Sam joined the business in 1988 to a total of 650 stores, with 640 branded dealers, 12,000 employees and
in revenue. Stripes is a premier C-store in every market it serves, and
and Stripes are now well-positioned to capitalize on the strong growth opportunities that Sam, his family and team have created for our brands in the
and beyond. We applaud him for these accomplishments, and we wish the best for his new business ventures," Mr. Warren said.
The partnership also announced today the resignations of
("Mackie") S. McCrea,
Martin Salinas, Jr.
, and William ("Bill") P. Williams from the Board.
As a result of their departures, James ("Jim") W. Bryant and Richard ("Dick") D. Brannon have been appointed to the Board. Mr. Bryant and Mr. Brannon previously served on the Board of Directors for
Regency Energy Partners LP
. Mr. Brannon also previously served on the Board of Directors for
(NYSE: SUN) is a master limited partnership (MLP) that primarily distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors. SUN also operates more than 150 convenience stores and retail fuel sites. SUN conducts its business through wholly owned subsidiaries, as well as through its 31.58 percent interest in
, in partnership with an affiliate of its parent company,
Energy Transfer Partners
. While primarily engaged in natural gas, natural gas liquids, crude oil and refined products transportation, ETP also operates a retail and fuel distribution business through its interest in
, as well as wholly owned subsidiaries,
that operate approximately 1,100 convenience stores and retail fuel sites. For more information, visit the
Director – Investor Relations and Treasury
, Communications Manager
, Public Relations Director
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