PAA Appoints John R. Rutherford Executive Vice President
Houston - Plains All American Pipeline, L.P. (NYSE:PAA) today announced that John R. Rutherford has been appointed as Executive Vice President with responsibility for its Business Development and Strategic Planning functions.
Mr. Rutherford has 25 years of energy and investment banking experience, most recently serving as Managing Director and Head of North American Energy at Lazard, Freres & Co. Prior to joining Lazard, John worked at Simmons & Company International for 10 years, where he served as Managing Director and Partner and played a leadership role in building its financial advisory businesses in the mid-stream, downstream, and exploration and production sectors. During his career, John has developed substantial experience advising clients on mergers and acquisitions, corporate restructurings and other strategic actions, including many transactions in which he represented PAA.
’We have worked closely with John for over 10 years and are very pleased to have him join our team,’ stated Greg L. Armstrong, Chairman & CEO of Plains All American Pipeline, L.P. ’John has a solid understanding of PAA’s history, culture, strategy and vision for the future, and we believe that John’s experience, leadership skills, judgment and ability to make things happen will help us continue to advance our business development and strategic planning efforts.’
Plains All American Pipeline, L.P. is a publicly traded master limited partnership engaged in the transportation, storage, terminalling and marketing of crude oil, refined products and liquefied petroleum gas and other natural gas related petroleum products. Through its general partner interest and majority equity ownership position in PAA Natural Gas Storage, L.P. (NYSE:PNG), PAA is also engaged in the development and operation of natural gas storage facilities. PAA is headquartered in Houston, Texas.
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