Martin Midstream Partners LP on Oct. 22 said its founder, Ruben Martin, has decided to retire as president and CEO but will remain actively involved with the company following his retirement.
The Kilgore, Texas-based company’s CFO, Robert (“Bob”) D. Bondurant, has been appointed as Martin’s successor and will become Martin Midstream president and CEO effective Jan. 1.
Martin Midstream Partners was formed in 2002 by Martin Resource Management Corp. (MRMC), a privately held company that was founded by R.S. Martin, Martin’s father. He has served as president, CEO and a member of the board of directors of Martin Midstream’s general partner since that time.
Martin will retire as president and CEO of Martin Midstream on Dec. 31, but remain as chairman of the board of the company’s general partner and will continue to be actively involved in its business development, according to the company release. He will also continue as president of MRMC, a position he has held since 1981.
His successor, Bondurant, joined MRMC in 1983 and subsequently was appointed executive vice president and CFO of Martin Midstream in June 2002. He became a board member in 2014.
Additionally, Sharon Taylor has been appointed as vice president and CFO effective Jan. 1, 2021. She joined Martin Midstream in 2005 and most recently served as its director of finance and head of investor relations.
Martin Midstream has a diverse set of operations focused primarily in the U.S. Gulf Coast region.
Recommended Reading
NOV's AI, Edge Offerings Find Traction—Despite Crowded Field
2024-02-02 - NOV’s CEO Clay Williams is bullish on the company’s digital future, highlighting value-driven adoption of tech by customers.
TechnipFMC Eyes $30B in Subsea Orders by 2025
2024-02-23 - TechnipFMC is capitalizing on an industry shift in spending to offshore projects from land projects.
Petrie Partners: A Small Wonder
2024-02-01 - Petrie Partners may not be the biggest or flashiest investment bank on the block, but after over two decades, its executives have been around the block more than most.
Bobby Tudor on Capital Access and Oil, Gas Participation in the Energy Transition
2024-04-05 - Bobby Tudor, the founder and CEO of Artemis Energy Partners, says while public companies are generating cash, private equity firms in the upstream business are facing more difficulties raising new funds, in this Hart Energy Exclusive interview.
Kimmeridge Fast Forwards on SilverBow with Takeover Bid
2024-03-13 - Investment firm Kimmeridge Energy Management, which first asked for additional SilverBow Resources board seats, has followed up with a buyout offer. A deal would make a nearly 1 Bcfe/d Eagle Ford pureplay.