Valero GP Holdings Elects New Director to Board
15 August 2006 - 2:27AM
Business Wire
Valero GP Holdings, LLC (NYSE:VEH) announced today the election of
accountant William B. "Bill" Burnett to its board of directors.
"We're very pleased that Bill Burnett is joining the board," said
Valero GP Holdings Chairman Bill Greehey. "He has a vast background
in public accounting and has been very active in the community for
a long time. He's a great addition to the board." Burnett, 56, is
chief financial officer and a board member of Lucifer Lighting Co.,
a San Antonio-based manufacturer of low-voltage architectural
lighting products. He retired from Arthur Andersen as a partner in
2001 after 29 years of service, including division head
responsibilities in the San Antonio office. He remains active as a
certified public accountant, and he has served on numerous civic
boards and commissions, including the boards of directors at the
North San Antonio Chamber of Commerce, the St. Mary's University
Forum on Entrepreneurship and the Boy Scouts of America Alamo
Council. Burnett becomes the third board member of Valero GP
Holdings, joining Greehey and former Valero Energy Corporation
Executive Vice President and General Counsel Stan McLelland, who
joined the Valero G. Holdings on July 19 when its initial public
offering of shares closed. Valero GP Holdings is a holding company
that owns the general partner of Valero L.P. McLelland, 60, also
sits on the board of Valero L.P. After leaving Valero Energy,
McLelland served as ambassador to Jamaica from January 1998 to
March 2001. He previously was a lawyer with the Baker Botts law
firm in Houston, and had his own law firm in Austin. He is active
in civic and charitable organizations, including the Council of
American Ambassadors, the Texas Bar Foundation and the KLRN Board
of Directors. About Valero GP Holdings: Valero GP Holdings, LLC
owns the general partner of and a 21.4 percent limited partner
interest in Valero L.P. A publicly traded limited partnership based
in San Antonio, Valero L.P. operates independent terminals and
petroleum liquids pipeline systems in the United States and also
operates terminals in the Netherlands Antilles, Canada, Mexico, the
Netherlands and the United Kingdom. The partnership's assets
include 9,243 miles of pipeline, 88 terminal facilities and 60
crude oil storage tanks with an aggregate storage capacity of
approximately 77 million barrels. For more information on Valero
L.P., please visit www.valerolp.com. For more information on Valero
GP Holdings, LLC, please visit www.valerogpholdings.com.
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