Magellan Midstream's Chief Financial Officer to Leave Partnership on March 31,
TULSA, Okla., Sept. 17, 2013
TULSA, Okla., Sept. 17, 2013 /PRNewswire/ --Magellan Midstream Partners, L.P.
(NYSE: MMP) announced today that its chief financial officer, John Chandler,
has provided notice that he intends to leave the partnership effective March
31, 2014 to spend additional time with his family and church and community
"John has been a critical part of Magellan's success, from playing a key role
in the partnership's initial public offering in 2001 to ensuring we maintain
strong financial metrics as Magellan has grown," said Michael Mears, chief
executive officer. "He is well-respected in the financial and investment
community, leading Magellan's fiscal policy that has resulted in consistent
value to our unitholders and an industry-leading balance sheet. We thank John
for his many contributions and congratulate him as he begins a new chapter in
his life to pursue his personal passions."
The partnership will begin the process immediately to seek a replacement for
Mr. Chandler to ensure a smooth transition.
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 more than 40% of the nation's
refining capacity, and can store over 80 million barrels of petroleum products
such as gasoline, diesel fuel and crude oil. More information is available at
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, there is no assurance that actual outcomes will not 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.
Contact: Paula Farrell
SOURCE Magellan Midstream Partners, L.P.
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