WHIPPANY, N.J., Nov. 1 /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
the following executive appointments in line with its strategic direction.
Paul E. Abel, has been appointed Vice President, General Counsel and
Secretary. Mr. Abel joined the Partnership in June 2006 as General Counsel
and Secretary and played a key role in the General Partner exchange
transaction that was consummated in October 2006. He will continue to
oversee all matters relating to the many regulatory and governance
requirements of the Partnership, utilizing his 29 years of combined
experience as a general counsel and corporate officer in energy,
telecommunications and international business.
Following the previously announced retirement of Robert M. Plante,
Michael A. Stivala has been promoted to Chief Financial Officer in addition
to his present role as Chief Accounting Officer. Mr. Stivala has served as
Controller and Chief Accounting Officer since May 2005. As Chief Financial
Officer and Chief Accounting Officer, Mr. Stivala will be responsible for
all financial and accounting aspects of the Partnership. Prior to joining
the Partnership in 2001, he spent 10 years with the international
accounting firm, PricewaterhouseCoopers LLP.
Mark Wienberg has been promoted to Vice President, Operational Planning
and Analysis. Previously he served as Managing Director, Financial Planning
and Analysis. Mr. Wienberg has been instrumental in the organization's
strategic planning and in its successful drive to improve operating
efficiency. He joined the Partnership in July 2001 after 15 years of
executive financial management experience in retail, consumer and
commercial product industries.
A. Davin D'Ambrosio has been appointed Vice President and Treasurer.
Mr. D'Ambrosio has served the Partnership as Treasurer since November 2002,
overseeing corporate treasury, cash management, risk management, internal
audit and investor relations. Before being named Treasurer, he served in
the capacity of Assistant Treasurer and, previously, as Director of
Treasury Services. Mr. D'Ambrosio joined the Partnership in 1996 after 10
years in the commercial banking industry.
In announcing the appointments, Chief Executive Officer Mark A.
Alexander stated, "We are delighted to announce these well deserved
promotions. Paul Abel, Mike Stivala, Mark Wienberg and Davin D'Ambrosio
have contributed greatly to the Partnership's success as key members of our
management team, and they are all well deserving of this recognition. In
their expanded roles, each will have the opportunity to further utilize the
experience, leadership and mentoring abilities that have made them such an
integral part of our organization."
Mr. Alexander added, "The advancement of these four talented executives
is the result of careful succession planning, an important part of our
business strategy which aims to strengthen the organization through the
growth and development of our core strength, our people."
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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http://suburbanpropane.com/
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CONTACT:
Michael M. Keating, Vice President-Human
Resources & Administration of Suburban Propane Partners, L.P.,
+1-973-503-9211
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