Plains All American Pipeline, L.P. Announces Officer Retirements and Promotions

HOUSTON--()--Plains All American Pipeline, L.P. (NYSE: PAA) today announced several officer changes, including recent and pending retirements and promotions. These changes are consistent with the Partnership’s established succession plans and continued commitment to drive operational excellence.

“I want to thank these gentlemen for their combined years of service and emphasize how proud I am of what they each accomplished during their time with PAA”

Retirements

Dave Duckett has retired as CEO of Plains Midstream Canada (PMC), a wholly owned subsidiary of PAA, where he was responsible for directing business strategy, business development and acquisitions for PAA’s Canadian business. Duckett joined PAA in 2001 as Executive Vice President of PMC in connection with PAA’s acquisition of CANPET Energy Group Inc. He served as President of PMC from 2003 to 2015, and CEO from 2015 until his retirement earlier this year. Duckett led PMC through a period of significant growth, building a talented management team and a strong asset footprint.

Phil Kramer has retired as Executive Vice President, with responsibility for U.S. lease gathering, human resources and supply chain management, a role that he held since 2008. Kramer joined PAA in 1983 and served in a number of positions of increasing responsibility over a 34-year career, including Controller, Vice President & Treasurer, and Executive Vice President & CFO. Kramer contributed significantly to the growth and success of PAA, and played a key role in helping the Partnership and its predecessor entities navigate through significant challenges and opportunities.

Jim Fryfogle will retire as Vice President, Bulk Supply & Logistics in mid-2017. Fryfogle joined PAA in 2004 as Managing Director, Lease Acquisitions, and held a number of positions throughout his career including Vice President, Lease Operations and Vice President, Refinery Supply.

Rick Jensen joined PMC in 2012, serving as Executive Vice President, Operations until his retirement earlier this year. Jensen’s responsibilities included oversight for all of PMC’s crude oil and liquefied petroleum gas operations, including engineering, environment, health and safety, land and regulatory activities, as well as supply chain management. Jensen will continue in an advisory role through the end of the year.

David Craig joined PMC in 2008 and served in a number of roles, most recently as Senior Vice President, Corporate Development, with responsibility for supporting corporate initiatives in Canada. Prior to that, he served as Executive Vice President & CFO of PMC, overseeing PMC’s accounting, human resources, information services, taxation, credit, commercial risk management, and risk and trade compliance. Craig retired from PMC earlier this year.

“I want to thank these gentlemen for their combined years of service and emphasize how proud I am of what they each accomplished during their time with PAA,” said Greg Armstrong, Chairman and CEO of PAA. “Through their passionate leadership, in-depth knowledge of the business, and execution skills, they contributed greatly to PAA’s success. We also appreciate their work to groom successors and ensure that we continue to have the appropriate capabilities moving forward.”

Promotions

Jason Balasch was promoted to President of PMC in anticipation of Duckett’s retirement and has recently assumed certain additional responsibilities previously held by Duckett. Balasch joined PMC in 2011, serving in various capacities, most recently as Executive Vice President, Natural Gas Liquids Commercial & Facilities.

Jeremy Goebel has been promoted to Senior Vice President, Acquisitions & Strategic Planning. In this role, Goebel will take on additional responsibilities in leading PAA’s acquisitions and divestitures activities, fundamental analysis, and strategic planning efforts. Goebel started with Plains in 2013 as Managing Director, Acquisitions & Strategic Planning. He has served as Vice President, Acquisitions and Strategic Planning since 2015.

Roy Lamoreaux has been promoted to the new role of Vice President, Investor Relations & Communications. Lamoreaux will be responsible for shaping and implementing PAA’s strategy to effectively engage with investors and stakeholders. Lamoreaux joined PAA in 2006 as Manager, Investor Relations & Equity Capital Markets, and subsequently served as Director, Investor Relations. Most recently, Lamoreaux served as Director, Commercial Operations & Pipeline Business Development.

Armstrong stated, “Jason, Jeremy and Roy have demonstrated a strong commitment to creating long-term value for our stakeholders and customers. I’m confident their leadership will be instrumental in PAA’s next phase of success.”

Plains All American Pipeline, L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, NGLs, natural gas and refined products. PAA owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles over 4.6 million barrels per day of crude oil and NGL in its Transportation segment. PAA is headquartered in Houston, Texas. More information is available at www.plainsallamerican.com.

Contacts

Plains All American Pipeline, L.P.
Investors:
Ryan Smith, (866) 809-1291
Director, Investor Relations
or
Media:
Brad Leone, (866) 809-1290
Director, Communications

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