Buckeye Partners, LP, announced today that Clark Smith, Buckeye’s president and chief operating officer, has been elected to succeed Forrest Wylie as Buckeye’s chief executive officer and has been appointed to fill a newly created seat on the board of directors of Buckeye’s general partner, each effective as of February 10, 2012.
Wylie will continue to serve as non-executive chairman, where he will remain active in developing Buckeye’s strategic vision.
Smith will retain the office of president of Buckeye, in addition to his new role as CEO.
“As President and COO, Clark Smith has played a central role in developing our common vision and successfully executing our strategy, in addition to capably directing Buckeye’s operations,” said Wylie. “The board is extremely confident in Clark’s ability to lead the organization as CEO and continue our track-record of improving financial performance while expanding our portfolio of assets.”
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