TULSA, Okla. – The board of directors for the general partner of Magellan Midstream Partners, L.P. (NYSE: MMP) has elected George A. O'Brien, Jr. as an independent board member. O'Brien also will serve on the board's audit and conflicts committees. With O'Brien's appointment, all board seats have now been filled.
O'Brien, 55, is currently a senior vice-president of International Paper Company (“IP”) responsible for the company's forestry and wood products businesses. His responsibilities during his 16-year tenure at IP have included corporate development, chief financial officer of IP's New Zealand subsidiary and operations management.
Prior to joining IP in 1988, O'Brien was an investment banker in the energy divisions of Smith Barney and E.F. Hutton. He also has served in senior-level financial management positions, including vice president and treasurer of Transco Energy Company.
“George's energy background, financial expertise and overall business experience will make him a valuable addition to our board of directors,” said Don Wellendorf, chief executive officer.
O'Brien received a bachelor's degree in petroleum engineering and a master's degree in business administration from the University of Texas.
About Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P., formerly Williams Energy Partners L.P., 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 www.magellanlp.com.
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Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the partnership believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the partnership's filings with the Securities and Exchange Commission.