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. -0- 11/01/2007 /CONTACT: Michael M. Keating, Vice President-Human Resources & Administration of Suburban Propane Partners, L.P., +1-973-503-9211/ /Company News On-Call: http://www.prnewswire.com/comp/112074.html / /Web site: http://suburbanpropane.com/ (SPH) CO: Suburban Propane Partners, L.P. ST: New Jersey IN: UTI OIL SU: PER VD-MT -- NYTH151 -- 1563 11/01/2007 16:45 EDT http://www.prnewswire.com