SemGroup Corporation and Rose Rock Midstream Announce Planned Retirement of Vice President Peter L. Schwiering
February 10 2016 - 3:17PM
SemGroup® Corporation (NYSE:SEMG) and Rose Rock Midstream, L.P.
(NYSE:RRMS) today announced that Peter L. Schwiering, 71, who has
served as a SemGroup vice president since February 2012, and in a
variety of other leadership roles with the Company’s crude oil
division since November 2000, including most recently as Chief
Operating Officer and a director of the general partner of Rose
Rock, will retire once a successor is in place. He will continue to
serve in his current capacities until a successor is in place to
ensure an orderly transition.
SemGroup will initiate a comprehensive search process to
identify a successor. The company will consider both internal and
external candidates, and Schwiering will work with the company to
help identify his successor.
Carlin G. Conner, president and chief executive officer of
SemGroup, said, “On behalf of SemGroup and Rose Rock, we wish Pete
all the best in his retirement. With more than 40 years of industry
experience, Pete has been a critical component in the growth of our
company. Fortunately for us we expect to have access to Pete and
his vast knowledge of crude oil markets post retirement by means of
a consultancy agreement. Pete will also be instrumental in
selecting his successor later in the year.”
About SemGroup Corporation Based in Tulsa,
Oklahoma, SemGroup® Corporation (NYSE:SEMG) is a publicly traded
midstream service company providing the energy industry the means
to move products from the wellhead to the wholesale marketplace.
SemGroup provides diversified services for end users and consumers
of crude oil, natural gas, natural gas liquids, refined products
and asphalt. Services include purchasing, selling, processing,
transporting, terminalling and storing energy.
About Rose Rock MidstreamRose Rock Midstream,
L.P. (NYSE:RRMS) is a growth-oriented Delaware limited partnership
formed by SemGroup® Corporation (NYSE:SEMG) to own, operate,
develop and acquire a diversified portfolio of midstream energy
assets. Rose Rock Midstream provides crude oil gathering,
transportation, storage and marketing services. Headquartered
in Tulsa, OK, Rose Rock Midstream has operations in six states with
the majority of its assets strategically located in or connected to
the Cushing, Oklahoma crude oil marketing hub.
Contacts:
Investor Relations:
Alisa Perkins
SemGroup - 918-524-8081
Rose Rock Midstream - 918-524-7711
investor.relations@semgroupcorp.com
roserockir@rrmidstream.com
Media:
Kiley Roberson
918-524-8594
kroberson@semgroupcorp.com
kroberson@rrmidstream.com
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