Oiltanking Partners updates on management changes

Oiltanking Partners LP

Oiltanking Partners LP (NYSE: OILT) reports that Laurie H. Argo has been appointed as president and CEO of the Partnership's general partner, effectively immediately. Donna Y. Hymel has been appointed as CFO of the Partnership’s general partner.

Argo has served as vice president, NGL Fractionation, Storage and Unregulated Pipelines for Enterprise Products Partners LP since January. From 2005 until January 2014, she held positions in the NGL and Natural Gas Processing businesses for Enterprise, where her responsibilities included the commercial and financial management of four joint venture companies. Argo has 18 years of experience in the energy industry. Prior to joining Enterprise, she worked for San Diego Gas and Electric Co. from 2001-2004, and PG&E Gas Transmission, a subsidiary of PG&E Corp., from 1997-2000.

Hymel previously served as controller and principal accounting officer of the Partnership’s general partner since March 2011. She has also served as controller of Oiltanking Holding Americas Inc. (OTA) since January 2001.  Hymel joined OTA in April of 1995 as the controller for Oiltanking Houston LP. Since that time, she has served as corporate secretary and treasurer for various OTA and Partnership entities. Prior to joining OTA, she worked at BDO USA LLP from January 1988 to April 1995 as an audit manager. Hymel is a certified public accountant.

Kenneth F. Owen has resigned as president and CEO. Jonathan Z. Ackerman and Brian C. Brantley have resigned as vice president and CFO, and vice president, general counsel and secretary, respectively, of the Partnership’s general partner.


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