SAN ANTONIO--()--The board of directors of NuStar Energy L.P. (NYSE: NS) announces the election of W. Grady Rosier to the board.
“So he will help us ensure that our decisions are made with our employees’ best interests in mind, which of course will benefit our unitholders.”
Rosier is president and CEO of McLane Company, Inc., a $44 billion supply chain services company based in Temple, Texas. A subsidiary of Berkshire Hathaway, McLane has over 16,000 employees in 80 locations around the world and provides supply chain solutions for thousands of grocery and food service retailers across the United States and Brazil.
Rosier joined McLane in 1984 and held various senior management and executive roles before he was named president and CEO in 1995. Under his leadership, McLane has achieved significant market share growth and substantial increases in revenue, which has risen from $5.6 billion to $44 billion, and the company is debt-free.
"We are very fortunate to be bringing aboard Grady Rosier as he is a proven business leader and he’s led his company to such significant growth and success,” said Bill Greehey, NuStar’s chairman of the board. “He will be a tremendous asset to NuStar as we pursue an aggressive growth strategy in our core pipeline and storage operations.
“We also appreciate the fact that he has established an employee-first culture at McLane like we have at NuStar, and he is known among his employees for his honesty and integrity,” Greehey added. “So he will help us ensure that our decisions are made with our employees’ best interests in mind, which of course will benefit our unitholders.”
Rosier helped lead McLane’s growth and success through numerous strategic initiatives that included dramatic expansion of its distribution centers across the U.S., and expansion into the food service business to serve chain restaurants across the country. He also played an instrumental role in the negotiation of the $1.5 billion sale of McLane from Wal-Mart to Berkshire Hathaway in 2003, which provided McLane with access to key resources and greater financial stability. In 2010 he led McLane’s expansion into the alcoholic beverage distribution industry with the acquisition of Empire Distributors, Inc. And in 2012 the company further expanded with the acquisition of Meadowbrook Meat Company, a national food service distributor.
In addition to NuStar, Rosier is currently a director for NVR, Inc., and he previously served as lead director for Tandy Brands Accessories, Inc., and as a director of Evergreen Energy, Inc. He also serves as first past chairman of the National Association of Wholesalers-Distributors.
Rosier earned a bachelor of arts degree in History from the University of Florida, and he served six years in the U.S. Marine Corps.
About NuStar Energy L.P.
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has 8,573 miles of pipeline; 87 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids; and 50% ownership in two asphalt refineries with a combined throughput capacity of 104,000 barrels per day. The partnership’s combined system has approximately 97 million barrels of storage capacity, and NuStar has operations in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, the United Kingdom and Turkey. For more information, visit NuStar Energy L.P.'s Web site at www.nustarenergy.com.