DALLAS
,
Nov. 6, 2017
/PRNewswire/ --
Sunoco LP
(NYSE: SUN) ("
Sunoco
" or the "beplay88网棋牌 ship") 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 beplay88网棋牌 ship as of
December 31, 2017
. Owens will continue to serve as a consultant to the beplay88网棋牌 ship 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 beplay88网棋牌 ship. 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 beplay88网棋牌 ship 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 www.zsteg.com.
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 beplay88网棋牌 ship's Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. The beplay88网棋牌 ship undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
Sunoco LP
Investors:
Scott Grischow
, Senior Director – Investor Relations and Treasury
(214) 840-5660,scott.grischow@sunoco.com
Derek Rabe
, CFA, Senior Analyst – Investor Relations and Finance
(214) 840-5553,derek.rabe@sunoco.com
Media:
Alyson Gomez
, Director – Communications
(469) 646-1758,alyson.gomez@sunoco.com
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SOURCE
Sunoco LP
