Valero L.P. Elects New Director to Board
20 Aprile 2006 - 9:33PM
Business Wire
Valero L.P. (NYSE:VLI) announced today the election of J. Dan Bates
to its board of directors. Bates, President and Chief Executive
Officer of the Southwest Research Institute in San Antonio, becomes
Valero L.P.'s eighth director, and will sit on the Audit, Conflicts
and Compensation Committees. "Dan Bates is a great addition to our
board," said Valero L.P. Chief Executive Officer Curt Anastasio.
"Not only does he have great leadership skills, his broad
experience and great business acumen will be a real asset to Valero
L.P." Bates, 61, joined Southwest Research Institute (SwRI) as a
systems analyst in 1969 after holding a similar position at Exxon.
He became SwRI's Executive Vice President and Board Secretary in
1991, and became only the third President in SwRI's history in
1997. SwRI, which was founded in 1947, is one of the largest
not-for-profit applied research institutes in the country, and one
of the largest fuel and lubricant test sites in the world. Bates
graduated from Southwest Texas State University (now Texas State
University) with an accounting degree in 1966, and earned a
master's degree from Texas A&M University in Kingsville before
becoming a certified public accountant. He is Chairman Pro-Tem of
the Federal Reserve Bank of Dallas' San Antonio Branch board of
directors, and also serves as Chairman of the Board of Signature
Science L.L.C. and Southwest Automotive Research Center. A resident
of San Antonio, Bates was named a Texas State Distinguished Alumnus
in 2003. About Valero L.P. Valero L.P. is a master limited
partnership based in San Antonio, with 9,186 miles of pipeline, 89
terminal facilities and four crude oil storage facilities. The
partnership has operations in the United States, Canada, Mexico,
the Netherlands Antilles, the Netherlands and the United Kingdom.
The partnership's combined system has approximately 77.7 million
barrels of storage capacity, and includes crude oil and refined
product pipelines, refined product terminals, petroleum and a
specialty liquids storage and terminaling business, as well as
crude oil storage tank facilities. For more information, visit
Valero L.P.'s web site at www.valerolp.com.
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