by Genesis Energy, L.P.
Genesis Energy, L.P. on Tuesday announced the appointment of a new senior officer for Genesis. Robert (Bob) V. Deere, previously Vice President Accounting and Reporting - Royal Dutch Shell was appointed Executive Vice President & Chief Financial Officer reporting to Grant Sims, Chief Executive Officer of Genesis. Mr. Deere spent the past ten years in various roles of increasing responsibility at Shell and was previously employed by Union Texas Petroleum (12 years) and Price Waterhouse (10 years). It is anticipated that Mr. Deere, 53, will assume his new position on or about October 1, 2008.
Grant Sims, Chief Executive Officer of Genesis said, "Bob's financial, accounting, analytical and reporting experience will serve Genesis well as we continue to grow and integrate new businesses into the company as well as further exploit our existing assets and business lines. We have grown substantially over the course of the past two years which makes separating the CFO and General Counsel's duties, both currently held by Ross Benavides, a necessity as we take the company and its management team to the next level. Ross will continue to be an integral part of our team as Senior Vice President and General Counsel."
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis engages in four business segments. The Pipeline Transportation Division is engaged in the pipeline transportation of crude oil, carbon dioxide and, to a lesser extent, natural gas. The Refinery Services Division primarily processes sour gas streams to remove sulfur at refining operations, principally located in Texas, Louisiana, and Arkansas. The Supply and Logistics Division is engaged in the transportation, storage and supply of energy products, including crude oil and refined products. The Industrial Gases Division produces and supplies industrial gases, such as carbon dioxide and syngas. Genesis' operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, and Florida.
