21:40 | 23.03.2010
Penn Virginia Resource Partners, L.P. and Penn Virginia GP Holdings, L.P. Announce Robert B. Wallace as Chief Financial Officer
Penn Virginia Resource Partners, L.P. (NYSE: PVR) and Penn Virginia GP
Holdings, L.P. (NYSE: PVG) today announced that Robert B. Wallace has
been elected Executive Vice President and Chief Financial Officer of the
general partner of both PVR and PVG, effective immediately.
Frank A. Pici has resigned these positions to devote more time to his
role as Executive Vice President and Chief Financial Officer of Penn
Virginia Corporation (NYSE: PVA), an independent natural gas and oil
company and the owner of the general partner and the largest unit holder
of PVG.
Mr. Wallace served as Senior Vice President, Finance and Chief Financial
Officer of the general partner of Buckeye Partners, L.P. (NYSE: BPL),
which owns and operates petroleum products pipeline systems and
petroleum products terminals, from September 2004 to July 2007. Mr.
Wallace also served as Senior Vice President, Finance and Chief
Financial Officer of the general partner of Buckeye GP Holdings L.P.
(NYSE: BGH), the owner of the general partner of BPL, from September
2004 to July 2007. Prior to joining Buckeye, Mr. Wallace served as
Executive Director, Corporate Finance of the Energy Group of UBS
Investment Bank from September 1997 to February 2004.
William H. Shea, Jr., Chief Executive Officer of PVR and PVG, said, “We
are pleased to welcome Rob to PVR and PVG as Chief Financial Officer
and, after working together with him for three years in similar
capacities while at Buckeye, I personally look forward to once again
working with him to help grow Penn Virginia.”
Headquartered in Radnor, PA, Penn Virginia Resource Partners, L.P.
(NYSE: PVR) is a publicly traded limited partnership formed by PVA.PVR
manages coal and natural resource properties and related assets and
operates a midstream natural gas gathering and processing business.For
more information, please visit PVR’s website at www.pvresource.com.Headquartered in Radnor, PA, Penn Virginia GP Holdings, L.P. (NYSE:
PVG) is a publicly traded limited partnership which owns the general
partner interest, all of the incentive distribution rights and an
approximate 37 percent limited partner interest in PVR.For
more information, please visit PVG’s website at www.pvgpholdings.com.
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