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AmeriGas Propane Inc., general partner of AmeriGas Partners, L.P. (NYSE: APU), announced that Jerry E. Sheridan and K. Rick Turner have been elected directors of AmeriGas Propane, Inc.
Mr. Sheridan, 47, is president and chief executive officer of AmeriGas Propane, Inc., having previously served as vice president and chief financial officer and vice president and chief operating officer. Prior to joining AmeriGas in 2005, Mr. Sheridan served as president and chief executive officer of Potters Industries, Inc., a global manufacturer of engineered glass materials and a wholly owned subsidiary of PQ Corporation.
Mr. Turner, 54, recently retired from the Stephens’ family entities. Prior to his retirement, Mr. Turner was a private equity principal of the Stephens Group, LLC, a private, family-owned investment firm, since 1990. Mr. Turner is currently active with several private equity groups, most particularly, Maxim Partners, LLC. Mr. Turner has extensive experience investing in companies focused on oil and gas exploration, energy services, natural gas gathering and processing, and power technology. Prior to joining Stephens in 1983, he was employed by Peat, Marwick, Mitchell and Company. Mr. Turner currently serves as a board member for several private companies and two other publicly held companies: Energy Transfer Equity, L.P., and North American Energy Partners. He formerly served on the board of Energy Transfer Partners, L.P. for over 10 years. Mr. Turner earned his B.S.B.A. from the University of Arkansas and is a non-practicing Certified Public Accountant.
Lon R. Greenberg, chairman of AmeriGas, and chairman and chief executive officer of UGI Corporation (NYSE: UGI) said, “We are pleased to welcome Jerry and Rick to our board as AmeriGas enters this exciting phase in its history and we look forward to receiving their input and perspectives.”
AmeriGas is the nation’s largest retail propane marketer, serving over two million customers in all 50 states from over 1,200 locations. UGI Corporation, through subsidiaries, is the sole General Partner and owns approximately 28% of the Partnership. An affiliate of Energy Transfer Partners, L.P. owns approximately 34% of the Partnership and the public owns approximately 38% of the Partnership.