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8-K - FORM 8-K - CVR PARTNERS, LP | y91431e8vk.htm |
EX-99.2 - EX-99.2 - CVR PARTNERS, LP | y91431exv99w2.htm |
Exhibit 99.1
CVR Partners Announces Appointment of Byron Kelley
As Nitrogen Fertilizer MLPs Chief Executive Officer
As Nitrogen Fertilizer MLPs Chief Executive Officer
SUGAR LAND, Texas (May 23, 2011) CVR Partners, LP (NYSE: UAN), a master limited partnership
and manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer products, announced
today that Byron R. Kelley has been named as president and chief executive officer of the
partnerships general partner, CVR GP, LLC. Kelley will also become a director of the general
partner. Both appointments will be effective as of June 1, 2011.
Based at the companys headquarters in Sugar Land, Kelley will be responsible for nitrogen
fertilizer manufacturing operations in Coffeyville, Kan., and sales, marketing and additional
administrative functions in Kansas City.
Byron
Kelley is a growth-oriented executive for our growth-oriented
partnership, said John J. Lipinski,
executive chairman of the board of CVR GP, LLC and chairman, chief executive officer and president of CVR Energy, Inc., which owns the
general partner and nearly 70 percent of the common units at CVR Partners. When we took CVR
Partners public earlier this year, we promised to pursue a growth strategy. Byron has a solid
record of success in achieving such results for companies he has headed over a long and
distinguished career.
Kelley will report to the Board of Directors of CVR GP, of which Lipinski is executive chairman.
Kelley
most recently served as chief executive officer, president and
director of the
general partner of Regency Energy Partners LP (Nasdaq: RGNC), a master limited partnership
controlled by Energy Transfer Equity LP that specializes in the gathering and processing,
contract compression, treating and transportation of natural gas and
natural gas liquids.
From 2003
to 2008, Kelley served as executive vice president and group
president of the pipeline group of
CenterPoint Energy in Houston, a business which included two interstate pipeline companies, a
gathering and processing company, a pipeline services company and a remote data gathering and
communications company.
Prior to CenterPoint Energy, he served for six years in senior management at El Paso Energy
International in Houston, retiring in 2002 as the companys president.
With 41 years experience in energy related companies, Kelleys career also included executive,
management and engineering positions at Tenneco Energy Corporation, where he rose to become senior
vice president, strategy, and at Louisiana Intrastate Gas Corporation and Southern Natural Gas
Company.
Kelley holds a bachelors degree in civil engineering from Auburn University and lives with his
wife in the Houston suburb of Kingwood.
About CVR Partners, LP
Located in Coffeyville, Kansas, CVR Partners, LP is a Delaware limited partnership focused
primarily on the manufacture of nitrogen fertilizers. The CVR Partners nitrogen fertilizer
manufacturing facility is the only operation in North America that uses a petroleum coke
gasification process to produce nitrogen fertilizer and includes a 1,225 ton-per-day ammonia unit,
a 2,025 ton-per-day urea ammonium nitrate unit, and a dual-train gasifier complex having a capacity
of 84 million standard cubic feet per day of hydrogen.
For further information, please contact:
Investor Relations:
|
Media Relations: | |
Stirling Pack, Jr.
|
Steve Eames | |
CVR Partners, LP
|
CVR Partners, LP | |
281-207-3464
|
281-207-3550 | |
MediaRelations@CVRPartners.com | ||
Jay Finks |
||
CVR Partners, LP |
||
281-207-3588 |
||
InvestorRelations@CVRPartners.com |