NuStar Energy LP (NYSE: NS) reports that Curt Anastasio, president and CEO of NuStar Energy and NuStar GP Holdings, plans to retire from the company, effective Dec. 31. The company’s board of directors has selected Brad Barron, NuStar’s executive vice president and general counsel, to assume the role of president and CEO upon Anastasio’s retirement.
Since Anastasio became CEO in 2001 when the company went public, NuStar has grown from 160 employees to 1,800; from $387 million in assets to $5.6 billion; and from $99 million in revenues to $6 billion. “Thanks to Curt’s hard work and dedication, working alongside our employees, we have grown from a regional pipeline operator to become a global FORTUNE 500 company that’s one of the largest independent liquids terminal and pipeline operators in the nation,” said Bill Greehey, NuStar’s chairman of the board.
Barron has more than 20 years of experience, and he began his career with NuStar 12 years ago. He has served as NuStar’s general counsel for over six years and was promoted to executive vice president in 2012. Prior to joining NuStar, Barron served as managing counsel of Valero Energy Corp., and began his career with Vinson & Elkins LLP.