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As president and COO, Mr Smith will have overall commercial and operational responsibility for the Buckeye Partners pipeline and terminal businesses. Mr Smith has been elected to a similar position at MainLine Management, the general partner of Buckeye GP Holdings, which is the parent company of Buckeye GP.
Mr Smith has more than 30 years of experience in the energy industry. Most recently, he served as managing director of Engage Investments, a private company established to provide consulting services to, and to make equity investments in, energy-related businesses, from June 2004 to June 2007.
In connection with his election as president and COO, Mr Smith has resigned from the board of directors of Buckeye GP, where he has served as a director since October 1, 2007, and from the board's audit and compensation committees.
Upon Mr Smith's resignation, Oliver Richard III was appointed to the board of directors of Buckeye GP and will serve as a member of the board's audit and compensation committees. Mr Richard is also a director of MainLine Management.
Mr Smith's election coincides with the pending retirements of Stephen Muther as president of the partnership's general partner and Eric Gustafson as senior vice president and COO. Mr Muther and Mr Gustafson will remain with the partnership for an appropriate period of time to ensure a smooth transition.
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