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Oiltanking Partners, L.P. Names New Chief Executive Officer

Stocks in this article: OILT

HOUSTON, Nov. 6, 2012 /PRNewswire/ --  Oiltanking Partners, L.P. (NYSE: OILT) (the "Partnership") today announced that Anne-Marie Ainsworth has been selected to succeed Carlin Conner as President and Chief Executive Officer of its general partner, effective November 26, 2012.  Ms. Ainsworth will also serve on the board of directors of Oiltanking's general partner. As previously announced, Carlin Conner has assumed the role of Managing Director of Oiltanking GmbH and joined the Executive Board of Marquard & Bahls AG.   Mr. Conner will remain Chairman of the board of the general partner of the Partnership.    

"On behalf of our Board of Directors and the Partnership, I am extremely pleased to welcome Anne-Marie to Oiltanking," Carlin stated.  "After a thorough search for my replacement, we believe that Anne-Marie is the ideal person to lead Oiltanking as we continue to execute the numerous growth opportunities before us.  Her many years of experience in the energy industry provides her a unique understanding of our customers' needs and the changing dynamics of our markets that are creating growth opportunities for Oiltanking. We look forward to benefitting from her leadership qualities and broad management expertise.  I am confident that under Anne-Marie's leadership, Oiltanking will continue to be one of the best in class limited partnerships positioned with a compelling growth story and a stable and growing distribution to its unitholders," added Conner.

A refining industry veteran with 34 years of experience, Ms. Ainsworth was most recently Senior Vice President of Sunoco Refining.  Prior to joining Sunoco, Anne-Marie was employed by Motiva Enterprises, LLC, where she was the General Manager of the Motiva refinery in Norco, Louisiana.

Ms. Ainsworth holds a Master's degree in Business Administration from Rice University and a Bachelor's degree in Chemical Engineering from the University of Toledo.

Oiltanking Partners is a master limited partnership engaged in independent storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas.  We provide our services to a variety of customers, including major integrated oil companies, distributors, marketers and chemical and petrochemical companies. Our assets are located along the Gulf Coast of the United States.  For more information, visit www.oiltankingpartners.com.



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