This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

NuStar Energy L.P. Announces New Director

The board of directors of NuStar Energy L.P. (NYSE: NS) announces the election of W. Grady Rosier to the board.

Rosier is president and CEO of McLane Company, Inc., a $44 billion supply chain services company based in Temple, Texas. A subsidiary of Berkshire Hathaway, McLane has over 16,000 employees in 80 locations around the world and provides supply chain solutions for thousands of grocery and food service retailers across the United States and Brazil.

Rosier joined McLane in 1984 and held various senior management and executive roles before he was named president and CEO in 1995. Under his leadership, McLane has achieved significant market share growth and substantial increases in revenue, which has risen from $5.6 billion to $44 billion, and the company is debt-free.

"We are very fortunate to be bringing aboard Grady Rosier as he is a proven business leader and he’s led his company to such significant growth and success,” said Bill Greehey, NuStar’s chairman of the board. “He will be a tremendous asset to NuStar as we pursue an aggressive growth strategy in our core pipeline and storage operations.

“We also appreciate the fact that he has established an employee-first culture at McLane like we have at NuStar, and he is known among his employees for his honesty and integrity,” Greehey added. “So he will help us ensure that our decisions are made with our employees’ best interests in mind, which of course will benefit our unitholders.”

Rosier helped lead McLane’s growth and success through numerous strategic initiatives that included dramatic expansion of its distribution centers across the U.S., and expansion into the food service business to serve chain restaurants across the country. He also played an instrumental role in the negotiation of the $1.5 billion sale of McLane from Wal-Mart to Berkshire Hathaway in 2003, which provided McLane with access to key resources and greater financial stability. In 2010 he led McLane’s expansion into the alcoholic beverage distribution industry with the acquisition of Empire Distributors, Inc. And in 2012 the company further expanded with the acquisition of Meadowbrook Meat Company, a national food service distributor.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs