Sunoco LP Announces Joe Kim As CEO
DALLAS, Nov. 6, 2017 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco" or the "Partnership") announced today that
Joe Kim has been named chief executive officer of Dallas-based Sunoco LP, effective January 1, 2018. Kim has been
serving as president and chief operating officer since June following the announcement that current Chief Executive
Officer Bob Owens would retire from the Partnership as of December 31, 2017. Owens will continue to serve as a
consultant to the Partnership through 2019.
Prior to his most recent appointment, Kim had been serving as executive vice president and chief development
officer for Sunoco from October 2015 to June 2017, where he was responsible for all business development and
merger and acquisition activities across the Partnership. During his service with Sunoco, Kim has provided a wealth
of experience and expertise in strategic planning and execution of growth initiatives.
Previously, Kim held the position of chief operating officer at Pizza Hut, where he was responsible for management
of all operations, with an emphasis on speed to market and restaurant excellence. Prior to that, he worked for
fifteen years at Valero Energy where his most recent position was senior vice president of strategy and growth. He
also held roles in field and franchise operations, strategic planning, merchandising, development and investor
relations. He began his career with Arthur Andersen Business Consulting. Kim is a graduate of Trinity University in
San Antonio, Texas with a bachelor's degree in business administration.
"I would like to extend a heartfelt thank you to Bob for his more than 20 years of service to Sunoco. We are grateful
for his strategic leadership and wish him well as he embarks on his new endeavor," said Matthew S. Ramsey,
chairman of the board of Sunoco LP. "Bob is leaving Sunoco in good hands. Joe is an exceptionally talented leader
and he is poised to successfully complete the transformation of the Partnership from a retail-based business into
the premier U.S. fuel supplier."
Sunoco LP (NYSE: SUN) is a master limited partnership that operates 1,346 convenience stores and retail fuel
sites and distributes motor fuel to 7,898 convenience stores, independent dealers, commercial customers and
distributors located in 30 states. Our parent -- Energy Transfer Equity, L.P. (NYSE: ETE) -- owns SUN's general
partner and incentive distribution rights. For more information visit
Forward-Looking Statements
This press release may include certain statements concerning expectations for the future that are forward-looking
statements as defined by federal law. Such forward-looking statements are subject to a variety of known and
unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond
management's control. An extensive list of factors that can affect future results are discussed in the Partnership's
Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange
Commission. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect
new information or events.
Sunoco LP
Scott Grischow, Senior Director – Investor Relations and Treasury
(214) 840-5660,
Derek Rabe, CFA, Senior Analyst – Investor Relations and Finance
(214) 840-5553,
Alyson Gomez, Director – Communications
(469) 646-1758,
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