WHIPPANY, N.J., April 26 /PRNewswire-FirstCall/ -- Suburban Propane
Partners, L.P. (the "Partnership") (NYSE: SPH), a nationwide marketer of
propane gas, fuel oil and related products and services, today announced
that Robert M. Plante, its Vice President and Chief Financial Officer, will
retire from this position effective September 29, 2007, the end of the
Partnership's current fiscal year. Mr. Plante has served in various
capacities with the Partnership or its predecessors since 1977, becoming a
Vice President in October 1999 and Chief Financial Officer in November
2003. He was Vice President-Finance, from 2001 to 2003 and Treasurer from
1996 to 2002.
Simultaneously, the Partnership announced that Michael A. Stivala, its
current Controller and Chief Accounting Officer, will be promoted to Chief
Financial Officer, effective upon Mr. Plante's retirement from that
position. Mr. Stivala will also continue as the Partnership's Chief
Accounting Officer. Mr. Stivala joined the Partnership in December 2001 as
Controller and was named Chief Accounting Officer in May 2005. Mr. Stivala
is a Certified Public Accountant and a member of the American Institute of
Certified Public Accountants. Prior to joining the Partnership he held
several positions with the international accounting firm
PricewaterhouseCoopers LLP, from 1991 through December 2001.
In making this announcement, Chief Executive Officer Mark A. Alexander
said, "We are extremely grateful to Bob Plante for his many years of
outstanding service to Suburban. He was instrumental in coordinating the
Partnership's successful IPO in 1996 and since then has dedicated himself
and his organization to shaping the Partnership's strong and solid
financial structure. At the same time, we are extremely pleased to have an
executive of Michael Stivala's caliber to assume the additional
responsibility of Chief Financial Officer. Michael has worked closely with
Bob Plante throughout his tenure and has many accomplishments to his credit
as Chief Accounting Officer. These two talented executives will continue to
work closely together for the remainder of the current fiscal year to
ensure a smooth transition of the Chief Financial Officer
responsibilities."
Suburban Propane Partners, L.P. is a publicly traded Master Limited
Partnership listed on the New York Stock Exchange. Headquartered in
Whippany, New Jersey, Suburban has been in the customer service business
since 1928. The Partnership serves the energy needs of approximately
1,000,000 residential, commercial, industrial and agricultural customers
through more than 300 locations in 30 states.
SOURCE Suburban Propane Partners, L.P.
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CONTACT:
Michael M. Keating, Vice President Human
Resources & Administration, +1-973-503-9252
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