Valero Energy Partners LP General Partner Adds Two Independent Board Members

 Valero Energy Partners LP General Partner Adds Two Independent Board Members

PR Newswire

SAN ANTONIO, Jan. 24, 2014

SAN ANTONIO, Jan. 24, 2014 /PRNewswire/ -- Valero Energy Partners LP (NYSE:
VLP), a master limited partnership formed in December 2013 by Valero Energy
Corporation ("Valero"), recently appointed two independent members to the
board of directors of its general partner. New members Bob Beadle and Tim
Fretthold join independent member Randy Larson. The appointment brings the
total number of board members to seven, including three independent members.

Beadle retired from Valero as a Corporate Senior Vice President in 2006. He
joined Diamond Shamrock Corporation in 1976, and served in various sales,
marketing and business management positions, as well as in strategic planning
and development. In 1987, Beadle was elected Corporate Vice President of
Diamond Shamrock Inc., and held other executive responsibilities there and at
successor companies. He joined Valero in 2002, with its acquisition of
Ultramar Diamond Shamrock.

Fretthold previously served as Executive Vice President/Chief Administrative &
Legal Officer of Ultramar Diamond Shamrock, from 1997 to 2002. He had served
as Senior Vice President/Group Executive & General Counsel of Diamond Shamrock
Inc., from 1987 to 1996. With predecessor Diamond Shamrock Corporation, from
1977 to 1987, he held positions including Corporate Attorney and Assistant
Secretary, Senior Counsel and Corporate Secretary, and Corporate Vice
President-Human Resources & Corporate Secretary.

"Bob and Tim are outstanding additions to the board of directors, and we're
pleased to welcome them," said Bill Klesse, Chairman of the Board of both the
general partner and Valero. "They bring a wealth of experience and knowledge."

In addition to the three independent directors and Klesse, other directors
include: Joe Gorder, Valero's President and Chief Operating Officer, who also
serves as the partnership's Chief Executive Officer; Rich Lashway, Valero's
Senior Vice President-Commercial Development and Logistics Operations, who
also serves as the partnership's President and Chief Operating Officer; and
Donna Titzman, Valero's Senior Vice President and Treasurer, who also serves
as the partnership's Senior Vice President, Chief Financial Officer and
Treasurer. Independent director Larson also serves as a director of the
general partner of Oiltanking Partners LP and of MarkWest Energy Partners LP,
and served as Chief Executive Officer of the general partner of TransMontaigne
Partners LP from September 2006 to August 2009.

About Valero Energy Partners LP
Valero Energy Partners LP is a fee-based, growth-oriented, traditional master
limited partnership formed by Valero Energy Corporation to own, operate,
develop and acquire crude oil and refined petroleum products pipelines,
terminals and other transportation and logistics assets. With headquarters in
San Antonio, Valero Energy Partners' assets include crude oil and refined
petroleum products pipeline and terminal systems in the Gulf Coast and
Mid-Continent regions of the United States that are integral to the operations
of Valero's refinery located in Port Arthur, Texas, its McKee refinery located
in Sunray, Texas, and its refinery located in Memphis, Tennessee.

Contacts
Investors: John Locke, 210-345-3077
Media: Bill Day, 210-345-2928

(Logo: http://photos.prnewswire.com/prnh/20131202/DA25769LOGO)

SOURCE Valero Energy Partners LP

Website: http://www.valeroenergypartners.com
 
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