Martin Midstream Partners LP on Oct. 22 said its founder, Ruben Martin, has decided to retire as president and CEO but will remain actively involved with the company following his retirement.
The Kilgore, Texas-based company’s CFO, Robert (“Bob”) D. Bondurant, has been appointed as Martin’s successor and will become Martin Midstream president and CEO effective Jan. 1.
Martin Midstream Partners was formed in 2002 by Martin Resource Management Corp. (MRMC), a privately held company that was founded by R.S. Martin, Martin’s father. He has served as president, CEO and a member of the board of directors of Martin Midstream’s general partner since that time.
Martin will retire as president and CEO of Martin Midstream on Dec. 31, but remain as chairman of the board of the company’s general partner and will continue to be actively involved in its business development, according to the company release. He will also continue as president of MRMC, a position he has held since 1981.
His successor, Bondurant, joined MRMC in 1983 and subsequently was appointed executive vice president and CFO of Martin Midstream in June 2002. He became a board member in 2014.
Additionally, Sharon Taylor has been appointed as vice president and CFO effective Jan. 1, 2021. She joined Martin Midstream in 2005 and most recently served as its director of finance and head of investor relations.
Martin Midstream has a diverse set of operations focused primarily in the U.S. Gulf Coast region.
Recommended Reading
BP Profit Falls On Weak Oil Prices, May Slow Share Buybacks
2024-10-30 - Despite a drop in profit due to weak oil prices, BP reported strong results from its U.S. shale segment and new momentum in the Gulf of Mexico.
BKV Prices IPO at $270MM Nearly Two Years After First Filing
2024-09-25 - BKV Corp. priced its common shares at $18 each after and will begin trading on Sept. 26, about two years after the Denver company first filed for an IPO.
Oxy’s Hollub Drills Down on CrownRock Deal, More M&A, Net-zero Oil
2024-11-01 - Vicki Hollub is leading Occidental Petroleum through the M&A wave while pioneering oil and gas in EOR and DAC towards the goal of net-zero oil.
Utica Oil E&P Infinity Natural Resources Latest to File for IPO
2024-10-05 - Utica Shale E&P Infinity Natural Resources has not yet set a price or disclosed the number of shares it intends to offer.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.