TULSA, Okla. – Magellan
Midstream Partners, L.P. (NYSE: MMP) announced today that Aaron Milford has
been promoted to chief financial officer effective today. Milford previously served
as vice president of crude oil business development for Magellan.
Milford has worked in
the energy industry for 20 years with extensive experience in financial
analysis, mergers and acquisitions and business development. He has spent his
entire career with Magellan or its predecessors. Milford holds a bachelor’s
degree in accounting and a master’s of business administration from the
University of Tulsa and is a chartered financial analyst.
“Aaron brings financial
expertise and an in-depth knowledge of Magellan’s businesses to our most senior-level
financial position,” said Michael Mears, chief executive officer. “His proven
track record with the company and disciplined financial nature should continue
to serve us well in his new role.”
In a related move, the
partnership’s former chief financial officer, Michael Osborne, has resigned. His
departure is not related to any issues regarding financial disclosures or accounting
matters.
“We appreciate
Michael’s service to Magellan and wish him well in his future endeavors,” said
Mears.
About Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P. (NYSE: MMP) is a
publicly traded partnership that primarily transports, stores and distributes refined
petroleum products and crude oil. The partnership owns the longest refined
petroleum products pipeline system in the country, with access to nearly 50% of
the nation’s refining capacity, and can store more than 95 million barrels of
petroleum products such as gasoline, diesel fuel and crude oil. 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 management believes any such statements are
based on reasonable assumptions, actual outcomes may be materially different.
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.
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