TEPPCO Partners, L.P. Announces Retirement of President and Chief Executive Officer
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HOUSTON--(BUSINESS WIRE)--Dec. 30, 2005--TEPPCO Partners, L.P. (NYSE:TPP) announced today that Barry R. Pearl has retired as president and chief executive officer (CEO) of Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO Partners, L.P., effective Dec. 31, 2005. Lee W. Marshall, Sr., chairman of TEPPCO's board of directors, has been named as acting CEO.
"On behalf of the Partnership, I would like to express appreciation for Barry's excellent leadership and contributions to TEPPCO over the last five years. During this period, TEPPCO has substantially strengthened and diversified its businesses and provided excellent financial results and returns to its Unitholders. We particularly appreciate his leadership and support during the recent transition of the general partner to DFI GP Holdings L.P.," said Lee W. Marshall, Sr. "We wish Barry much success and happiness in his future endeavors."
TEPPCO Partners, L.P. is a publicly traded partnership, which conducts business through various subsidiary operating companies. TEPPCO owns and operates one of the largest common carrier pipelines of refined petroleum products and liquefied petroleum gases in the United States; owns and operates petrochemical and natural gas liquid pipelines; is engaged in crude oil transportation, storage, gathering and marketing; owns and operates natural gas gathering systems; and owns 50-percent interests in Seaway Crude Pipeline Company, Centennial Pipeline LLC and Mont Belvieu Storage Partners, L.P., and an undivided ownership interest in the Basin Pipeline. Texas Eastern Products Pipeline Company, LLC, a wholly owned subsidiary of DFI GP Holdings L.P. (a privately owned partnership indirectly controlled by Dan L. Duncan), is the general partner of TEPPCO Partners, L.P. For more information, visit TEPPCO's Web site at www.teppco.com.
Contacts
TEPPCO Partners, L.P., Houston
Investor Relations
Brenda J. Peters, 713-759-3954
Toll Free: 800-659-0059
or
Media Relations
Kathleen A. Sauve, 713-759-3635
