SAN ANTONIO--(BUSINESS WIRE)--Jan. 16, 2014--
NuStar Energy L.P. (NYSE: NS) announced today that it ranked No. 26 on
the 100 Best Companies to Work For list, which will appear in the
February 3 issue of FORTUNE. NuStar, which has made the list for six
consecutive years, moved up 12 places from last year when the company
was ranked No. 38.
NuStar is one of only five energy companies on the magazine’s 17th
annual top employer list, and one of only three San Antonio-based
companies.
“We are always proud to be recognized on this list as it’s a true
reflection of the positive attitude and can-do spirit of our employees,”
said NuStar President and CEO Brad Barron. “Our employees are the No. 1
reason that we have a great company, as they work day in and day out to
run our operations safely and reliably, give back to our communities,
and make NuStar a great place to work.
“Of course, this honor would not have been possible without the special
corporate culture created by Bill Greehey, our Chairman of the Board,
and Curt Anastasio, our founding CEO who recently retired, and I look
forward to working with our employees to continue to make NuStar one of
the best companies to work for in America.”
Companies that apply for the list opt to participate in the selection
process, which includes an employee survey and an in-depth questionnaire
about their programs and company practices. Great Place to Work® then
evaluates each application using its unique methodology based on five
dimensions: credibility, respect, fairness, pride and camaraderie.
Some of the considerations in NuStar’s selection for the 100 Best honor
include the company’s employee benefits plan, which has been rated the
best in its industry by Hewitt Associates; its reward and recognition
programs; commitment to volunteerism and charitable giving; and special
corporate culture. NuStar offers all-employee bonuses; a retirement
savings plan that includes a 401(k) match of 100 percent up to 6 percent
of pay and a company-funded retirement plan; company-paid health and
welfare benefits that are 100 percent funded for employees and their
families; a health and wellness program; and much more. The company also
has never had a layoff in its history, and instills in employees the
philosophy that if they do a good job, they will always have a good job.
“The FORTUNE 100 Best Companies to Work For® list grows more competitive
every year, and this list represents the best of the best,” said China
Gorman, Global Chief Executive Officer of Great Place to Work®. “While
each company is unique, what they have in common are strong cultures
that support positive workplaces.”
Organizations named on the list see many benefits that include better
financial performance, less employee turnover, higher levels of customer
satisfaction and loyalty, more innovative and creative thinking, higher
productivity and enhanced public perception.
To see the complete 2014 FORTUNE 100 Best Companies to Work For® list
and to learn more about how to build a high-trust workplace culture,
visit www.greatplacetowork.com.
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.
About Great Place to Work
Great Place to Work® is a global consulting and management
training firm specializing in workplace excellence and development
of high-trust
organizational cultures. Its proprietary research tool, the Trust
Index© Employee Survey is taken by over 10 million
employees in 45 countries annually. Leading companies worldwide apply
its Model® to increase the levels of trust across their
organizations and drive business results. Annually, Great Place to Work® produces
the annual FORTUNE
100 Best Companies to Work For® list and the Great Place
to Work® Best Small and Medium Workplaces list. Follow Great
Place to Work® online at www.greatplacetowork.com and
on Twitter at @GPTW_US.
Source: NuStar Energy L.P.
NuStar Energy, L.P., San Antonio
Investors, Chris Russell, Vice
President,
Investor Relations: 210-918-3057
chris.russell@nustarenergy.com
or
Media,
Mary Rose Brown, Senior Vice President,
Administration: 210-918-2314
maryrose.brown@nustarenergy.com
Web
site: http://www.nustarenergy.com
210-918-INVR (4687)
