TransMontaigne Partners L.P. (“Partnership”)
(NYSE: TLP) today announced that effective July 8, 2008, Charles L.
Dunlap has been appointed to serve as a member of the Board of Directors
and will also serve as a member of the Conflicts Committee of
TransMontaigne GP L.L.C., the General Partner of the Partnership. The
General Partner is responsible for managing the operations and
activities of the Partnership since the Partnership does not have its
own officers or employees.
Since January 2005, Mr. Dunlap has served as Chief Executive Officer and
President of Pasadena Refining System, Inc. based in Houston, Texas. Mr.
Dunlap has also served as a director of Opti Canada, Inc. since June
2006, which is a public energy company based in Calgary, Canada. In
addition, from May 2000 to February 2004, Mr. Dunlap served as one of
the founding partners of Strategic Advisors, LLC, a management
consulting firm based in Baltimore, Maryland. Prior to that time, Mr.
Dunlap served in various senior management and executive positions at
various oil and gas companies. Mr. Dunlap is a graduate of Rockhurst
College and holds a Juris Doctor degree from Saint Louis University Law
School.
Based upon this appointment, effective July 8, 2008, the General Partner
Board will be comprised of the following seven directors, three of whom
are affiliated directors and four of whom are independent directors.
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Stephen R. Munger
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Affiliated Director and Chairman of the Board
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Javed Ahmed
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Affiliated Director
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Olav N. Refvik
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Affiliated Director
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Duke R. Ligon
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Independent Director
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Jerry R. Masters
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Independent Director
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David A. Peters
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Independent Director
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Charles L. Dunlap
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Independent Director
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About TransMontaigne Partners L.P.
TransMontaigne Partners L.P. is a terminaling and transportation company
based in Denver, Colorado with operations along the Gulf Coast, Midwest,
in Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the
Southeastern United States. We provide integrated terminaling, storage,
transportation and related services for companies engaged in the
distribution and marketing of light refined petroleum products, heavy
refined petroleum products, crude oil, chemicals, fertilizers and other
liquid products. Light refined products include gasolines, diesel fuels,
heating oil and jet fuels; heavy refined products include residual fuel
oils and asphalt. We do not purchase or market products that we handle
or transport. News and additional information about
TransMontaigne Partners L.P. is available on our website: www.transmontaignepartners.com.
Forward-Looking Statements
This press release includes statements that may constitute
forward-looking statements made pursuant to the safe harbor provision of
the Private Securities Litigation Reform Act of 1995. Although the
company believes that the expectations reflected in such forward-looking
statements are based on reasonable assumptions, such statements are
subject to risks and uncertainties that could cause actual results to
differ materially from those projected. Important factors that could
cause actual results to differ materially from the company’s
expectations and may adversely affect its business and results of
operations are disclosed in "Item 1A. Risk Factors" in the company’s
Annual Report on Form 10-K for the year ended December 31, 2007, filed
with the Securities and Exchange Commission on March 10, 2008.
TransMontaigne Partners L.P.
Randall J. Larson, CEO, 303-626-8200
or
Gregory
J. Pound, COO, 303-626-8200
or
Frederick W. Boutin, CFO,
303-626-8200
