PHILADELPHIA, July 3 /PRNewswire-FirstCall/ -- Sunoco, Inc. (NYSE: SUN)
announced today that effective July 9, 2007, Joel H. Maness will be
stepping down as Executive Vice President, Refining & Supply. He will
continue to be employed by the Company on a part-time basis as Strategic
Advisor on refining and supply issues reporting directly to John G.
Drosdick, Chairman, Chief Executive Officer and President. Mr. Maness had
expressed his desire to spend more time with his family and on personal
interests and this change will enable him to do that.
(Logo: http://www.newscom.com/cgi-bin/prnh/19981105/PHTH006 )
Mr. Drosdick said, "We have benefited greatly from Joel's leadership
and dedication over the past seven years. I am pleased that we have worked
out an arrangement that will allow him more personal time while he remains
available to us to continue providing his extraordinary industry knowledge
and expertise in support of our long-term strategy."
In related actions, Michael J. Hennigan, Senior Vice President, Supply,
Trading, Sales and Transportation and Vincent J. Kelley, Senior Vice
President, Refining, each of whom currently report to Mr. Maness, will
report directly to Mr. Drosdick.
Sunoco, Inc., headquartered in Philadelphia, PA, is a leading
manufacturer and marketer of petroleum and petrochemical products. With
900,000 barrels per day of refining capacity, nearly 4,700 retail sites
selling gasoline and convenience items, approximately 5,500 miles of crude
oil and refined product owned and operated pipelines and 38 product
terminals, Sunoco is one of the largest independent refiner-marketers in
the United States. Sunoco is a significant manufacturer of petrochemicals
with annual sales of approximately five billion pounds, largely chemical
intermediates used to make fibers, plastics, film and resins. Utilizing a
unique, patented technology, Sunoco also manufactures approximately 3.9
million tons annually of high-quality metallurgical-grade coke for use in
the steel industry.
SOURCE Sunoco, Inc.
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Related links:
http://www.SunocoInc.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/19981105/PHTH006
http://www.prnewswire.com/comp/829144.html /
CONTACT:
Jerry Davis of Sunoco, Inc., +1-215-977-6298
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