Martin Resource Management Corporation and Martin Midstream Partners L.P. Announce Management Changes
KILGORE, Texas, Nov. 13, 2012 (GLOBE NEWSWIRE) -- Martin Resource Management Corporation ("MRMC") owner of the general partner of Martin Midstream Partners L.P. (Nasdaq:MMLP) ("MMLP" and collectively with MRMC, referred to as the "Companies") announced today changes to key management positions effective November 9, 2012.
Donald R. Neumeyer, formerly President of Cross Oil Refining & Marketing Co., a wholly-owned subsidiary of MRMC and Executive Vice President of the Companies has elected to retire after 30 years of distinguished service. Mr. Neumeyer's planned retirement comes after having served MMLP as Chief Operating Officer and in other business development roles during his career.
Concurrent with Mr. Neumeyer's retirement, the Companies are pleased to announce the appointment of Douglas Towns as Vice President to assume the majority of Mr. Neumeyer's responsibilities. Mr. Towns has over 15 years of experience in the lubricants business having been previously employed by several major oil companies. Most recently and prior to joining the Companies, Mr. Towns served as General Manager of Koch Sulfur Products Company. He holds a B.S. in Mechanical Engineering from Kansas State University and a M.B.A. from the University of Houston.
Ruben Martin, President and Chief Executive Officer of MMLP's general partner said, "We wish Don well in retirement. He will be missed at the Companies having been instrumental in the formation, growth and success of our business for the last 30 years. We all thank him for his dedicated service, which provided a solid foundation for our future."
About Martin Midstream Partners L.P.(Nasdaq:MMLP)
Martin Midstream Partners is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: terminalling, storage and packaging services for certain petroleum products and by-products; NGL distribution services and natural gas storage; and sulfur and sulfur-based products processing, manufacturing, marketing and distribution; marine transportation services for petroleum products and by-products.