Jorge Del Alamo Named Controller
Amy Perry & Karen Thompson Promoted to General Counsel
SAN ANTONIO--(BUSINESS WIRE)--Dec. 20, 2013--
NuStar Energy L.P. (NYSE: NS) announced today that Steve Blank,
Executive Vice President and CFO of NuStar Energy L.P. and NuStar GP
Holdings, plans to retire from the company effective December 31, 2013.
The company’s board of directors has selected Tom Shoaf, NuStar’s
Controller, to serve as Executive Vice President and Chief Financial
Officer upon Blank’s retirement, and Jorge Del Alamo, NuStar’s Assistant
Controller, has been promoted to Vice President and Controller.
Steve Blank, NuStar's Executive Vice President & CFO, will retire at year-end. (Photo: Business Wire)
The company also announced that Amy Perry and Karen Thompson, both of
whom serve as Vice President and Assistant General Counsel at NuStar,
will succeed Brad Barron, Executive Vice President and General Counsel,
when he becomes President and CEO on January 1, 2014. Perry is being
promoted to Senior Vice President, Corporate Secretary and General
Counsel – Corporate & Commercial Law, and Thompson is being promoted to
Senior Vice President and General Counsel – Litigation, Regulatory &
Environmental.
Blank to Retire & Shoaf to Succeed Him as CFO
“Throughout his long career with the company, Steve has made countless
contributions to our success and has built a top-notch
Accounting/Finance organization from the ground up,” said Curt
Anastasio, NuStar’s President and CEO. “His fiscal responsibility,
strong principles and personal integrity have contributed to NuStar’s
reputation as one of the most trustworthy companies in corporate
America. Also since our inception, Steve’s extensive knowledge of the
financial industry has been an important component of our strategic
planning effort.”
Barron praised Blank for contributing to NuStar’s growth and building
one of the best finance departments in the industry. “Steve contributed
to NuStar’s tremendous growth over the years as he was a key player in
every major transaction from the time of the formation of our company
through today. Thanks to Steve, we’re fortunate to have an outstanding
Finance Department with a great group of employees and many strong
leaders who have numerous years of experience, a thorough understanding
of our business, and a commitment to NuStar’s guiding principles.
“When we contemplated a successor for Steve, we knew that we wanted
someone who could work collaboratively with the other executives in
Finance, as well as in other departments at the corporate office and in
our field operations. And without a doubt, Tom has the leadership
skills, experience and personality to do just that. We have no doubt
that he will do a great job of leading this organization as he has
nearly 30 years of experience in his field, solid leadership skills, the
highest ethical standards, a strong work ethic and great interpersonal
skills,” said Barron.
Prior to becoming NuStar’s Controller eight years ago, Shoaf served in
positions of increasing responsibility with Valero Energy Corporation,
eventually becoming Director of Finance. Shoaf started his career as an
Accountant with City Public Service, San Antonio’s energy utility
company, after graduating with a bachelor of business administration
degree in accounting from Abilene Christian University. In recognition
of his experience and achievements over the years, Shoaf was named the
Top Controller by the San Antonio Business Journal in 2012.
Del Alamo Selected as Controller
“Tom has chosen an outstanding accounting executive and strong leader to
succeed him,” said Barron. “Jorge has done a great job in his current
position, as he has the unique ability to focus on the details without
losing sight of the big picture. He has helped ensure that our financial
statements reflect the most accurate and up-to-date disclosure, our
budgets and forecasts are as precise as possible, and our capital
expenses are properly planned and allocated.”
Del Alamo joined Valero in 2003 as Director of Sarbanes Oxley, and
subsequently moved over to NuStar as Director of Financial Reporting.
Prior to that, he served as the Controller of Fuego, Inc., as CFO and
Controller of Life Systems, Inc., and as a Sr. Manager of Ernst & Young
LLP.
Perry & Thompson Appointed General Counsel
“Our Legal Department has a very strong leadership team and an
outstanding group of professionals who are incredibly smart,
hard-working, dedicated and accomplished,” said Barron. “And Amy Perry
and Karen Thompson have done an outstanding job of handling many complex
legal issues, ranging from overseeing complicated acquisitions to
successfully resolving challenging legal disputes. So I am looking
forward to expanding their roles within the company and having their
involvement on the senior leadership team.”
Since joining the company nearly 11 years ago, Perry has overseen its
corporate finance and commercial transactions, corporate governance,
external legal reporting, and employee benefits issues. Prior to NuStar,
she served as Counsel – Corporate Law for Valero, and prior to that she
practiced corporate, mergers & acquisitions and securities law at DLA
Piper in New York City and Wilson Sonsini Goodrich & Rosati in Austin.
In her new role, she will continue to be responsible for the same areas
within the company’s Legal Department and will continue to serve as
Corporate Secretary, but she also will oversee the Ad Valorem Tax and
Right-of-Way departments.
Thompson joined the company approximately 12 years ago, and since that
time she has resolved many complex issues, providing legal advice and
support regarding litigation, disputes, environmental and regulatory
matters. Prior to joining the company, she served as Managing Counsel
for Valero and practiced law at Mayor, Day, Caldwell & Keeton in
Houston. Thompson will continue to be responsible for all litigation and
regulatory issues, plus she will now oversee Risk Management, Health,
Safety & Environmental, and Customs & Trade.
About NuStar Energy L.P.
NuStar Energy L.P., a publicly traded master limited partnership based
in San Antonio, is one of the largest independent liquids terminal and
pipeline operators in the nation. NuStar currently has 8,643 miles of
pipeline; 87 terminal and storage facilities that store and distribute
crude oil, refined products and specialty liquids; and 50% ownership in
a joint venture that owns a terminal and an asphalt refinery with a
throughput capacity of 74,000 barrels per day. The partnership’s
combined system has approximately 97 million barrels of storage
capacity, and NuStar has operations in the United States, Canada,
Mexico, the Netherlands, including St. Eustatius in the Caribbean, the
United Kingdom and Turkey. For more information, visit NuStar Energy
L.P.’s Web site at www.nustarenergy.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20131220006014/en/
Source: NuStar Energy L.P.
NuStar Energy L.P.
Media:
Mary Rose Brown, 210-918-2314
maryrose.brown@nustarenergy.com
or
Investors:
Chris
Russell, 210-918-3507
chris.russell@nustarenergy.com