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|NuStar President & CEO Curt Anastasio to Retire at Year-End|
Brad Barron Selected as Successor
Since Anastasio became CEO in 2001 when the company went public, NuStar
has grown from 160 employees to 1,800; from
“We all owe him a huge debt of gratitude for leading our company during a period of tremendous growth, making NuStar one of the best places to work in corporate America, and making our communities better places to live and work,” said Greehey. “His more than a decade of leadership as NuStar’s CEO was marked by many extraordinary successes. While the last few years have been challenging, Curt continually looked out for all of our stakeholders. It was no easy task, but he led the company out of some very big challenges without any layoffs, while maintaining NuStar’s unique caring and sharing culture, and successfully working to get total unitholder value up more than 34 percent this year. And Brad’s experience and skill sets make him uniquely qualified to step in and lead NuStar into the future. I have worked closely with him for a number of years, and I am confident in his business judgment and leadership skills. He is bright, personable and hard-working, and the board has great confidence that he can drive the success of the organization to new heights,” he said.
Anastasio explained that he’s ready to begin the next chapter of his
life saying, “After 12 years as NuStar’s CEO, my wife and I are looking
forward to spending more time with our children and other family
members, who mostly live in the northeast and on the
“I have been proud to be a part of NuStar and to work with the best and brightest employees in our industry. And I plan to continue to be a NuStar investor because I am confident that our employees will execute our many important growth projects with excellence, and will continue to make NuStar a shining example of what a great company should mean to its employees, communities and unitholders,” he said.
Barron praised Anastasio saying, “No one has worked harder or cared more for NuStar and its employees or the community than Curt. In addition to the tremendous growth and success that NuStar achieved during his years as CEO, Curt also grew the unique culture, for which NuStar is known. I am looking forward to working with our board, leadership team and employees to build on NuStar’s success in the years to come,” said Barron.
Greehey noted that the board selected Barron because they believe he has the drive, dedication and leadership skills to motivate and inspire NuStar’s employees to achieve tremendous success going forward. “Brad has sound insight, is a good negotiator and a great consensus builder. He works well with individuals in all areas of the company and is known for moving the ball forward, while maintaining high morale and camaraderie,” said Greehey.
Barron has more than 20 years of experience, and he began his career
with NuStar 12 years ago. He has served as NuStar’s General Counsel for
over six years and based on his many contributions to the company’s
success, he was promoted to Executive Vice President in 2012. Prior to
joining NuStar, Barron served as Managing Counsel of
In addition to his work overseeing all of NuStar’s governance, contractual issues and legal defenses, Barron has also overseen Human Resources in the past and works closely with the company’s Financial and Corporate Development groups on all mergers and acquisitions. Additionally, he oversees the Right of Way and Health, Safety & Environmental departments so he has worked closely with the company’s Operations, Engineering and Business Development groups.
NuStar’s Success During Anastasio’s Tenure
Under Anastasio’s leadership, the company has made FORTUNE magazine’s
list of The 100 Best Companies to Work For every year since it was first
eligible to participate, with its highest ranking coming in at No. 15.
It also has been continuously ranked as a top employer by the
Also during Anastasio’s tenure, NuStar was named one of America’s Most
Trustworthy Companies by
With safety as the company’s top priority, NuStar has maintained one of
the best safety records in its industry as its lost-time incident rate
and total recordable injury rate have been significantly better
than the industry averages. It also has 16 locations designated as VPP
Anastasio said he was most proud of NuStar’s caring and sharing culture
that has resulted in record contributions of time and money to its
communities. NuStar and its employees pledged
NuStar Energy, L.P., San Antonio