Valero (NYSE:VLI)
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Valero L.P. (NYSE:VLI) announced today the election of
longtime energy industry executive Dan Montgomery to its board of
directors.
"Dan brings to our partnership a wealth of experience in the
pipeline industry as well as the energy industry in general," said
Valero L.P. Chief Executive Officer Curt Anastasio. "Beginning with
his work at Conoco through the present day, Dan has had a successful
career in many different capacities. We are very pleased that he has
agreed to join our board."
Montgomery, 67, is director of new business development for
Houston American Energy Corp. He has served as chairman of the board
or chief executive officer of four other energy companies, including
Seagull Energy Corp. and Commet Resources Inc., which he founded in
1984.
A resident of Houston, where he is active in civic and charitable
organizations, Montgomery holds a bachelor of business administration
degree in economics and management from Texas A&M University.
Montgomery replaces Robert A. Profusek, who resigned from the
Valero L.P. board to accept a seat on the board of directors of Valero
Energy Corporation. Valero Energy is the general partner of Valero
L.P., a master limited partnership.
About Valero L.P.
Valero L.P. is a master limited partnership based in San Antonio,
with 9,150 miles of pipeline, 94 terminal facilities and four crude
oil storage facilities. One of the largest terminal and independent
petroleum liquids pipeline operators in the nation, the partnership
has terminal facilities in 25 U.S. states, Canada, Mexico, the
Netherlands Antilles, the Netherlands, Australia, New Zealand and the
United Kingdom. The partnership's combined system has approximately
77.6 million barrels of storage capacity, and includes crude oil and
refined product pipelines, refined product terminals, petroleum and a
specialty liquids storage and terminaling business, as well as crude
oil storage tank facilities. For more information, visit Valero L.P.'s
web site at www.valerolp.com.