The board of directors of the general partner of Cypress Energy Partners LP (NYSE:CELP) has elected Stanley A. Lybarger to its board, effective March 5. With Lybarger’s election, the board of directors now has six members, three of whom are independent. Lybarger will also become the chairman of the Audit Committee.
Lybarger retired as president and CEO of Tulsa-based BOK Financial, a US-based bank, on Jan. 1. He continues to serve on the board of directors of that corporation.
Lybarger had a 40-year career with BOK Financial. In 1990, BOK Financial was established after George Kaiser acquired control and recapitalized the bank. Lybarger served as its first president and COO, in addition to continuing to hold that title for Bank of Oklahoma. He became the CEO for BOK Financial and Bank of Oklahoma in 1996.