This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Oiltanking Partners, L.P. Announces Management Additions

Stocks in this article: OILT

HOUSTON, June 20, 2013 /PRNewswire/ --  Oiltanking Partners, L.P. (NYSE: OILT) (the "Partnership") today announced the appointment of Jonathan Z. Ackerman as Vice President and Chief Financial Officer ("CFO"), effective July 1, 2013.  Kenneth F. Owen, the Partnership's current CFO, has been named Terminal Manager of the Partnership's expanding Houston complex and will be responsible for managing the profit center.  Ken will be working with Jon to ensure a smooth transition prior to assuming full-time responsibilities in his new role September 1, 2013.

Mr. Ackerman is an accomplished financial professional with extensive experience managing complex corporate finance, strategic development, M&A and capital markets transactions across the entire energy space, and in particular the Midstream and MLP sector.  Mr. Ackerman previously was with UBS Investment Bank, where he was most recently Managing Director, Mergers & Acquisitions and Co-Head, Strategic Solutions Group.  Prior to joining UBS in 2006, Mr. Ackerman served as Senior Counsel to President George W. Bush's Advisory Panel on Federal Tax Reform, where he was the lead technical policy adviser. Prior to that, Mr. Ackerman was an adviser in the US Treasury Department's Office of Tax Policy and was responsible for a number of legislative proposals and regulatory pronouncements.  As an attorney in private practice, he represented multi-national corporations on complex cross-border transactions involving mergers and acquisitions, spin-offs, financings, and restructurings.   

Mr. Ackerman is a Certified Public Accountant (CPA) and practiced public accounting with a leading global accounting firm. He earned a Juris Doctorate, with honors, from the University of Chicago, a Master of Taxation from the University of Denver Graduate Tax Program and a B.S. of Business Administration in Accounting and Finance, magna cum laude, from the University of Arizona. 

"Throughout Jon's career, he has demonstrated the ability to provide incisive, innovative and accurate advice and is adept at identifying strategic business opportunities and building high-performing teams," said Anne-Marie Ainsworth, President and Chief Executive Officer.  "We are delighted to welcome him to the Partnership and to Oiltanking and are confident that we will benefit from his financial and business acumen, regulatory expertise and exceptional analytical skills.

"Ken has done an outstanding job as our CFO over the past several years, from leading our initial public offering process in 2011 to building out an excellent corporate finance, accounting and reporting organization that is equipped with the personnel to continue executing on what we believe to be more exciting times ahead for Oiltanking.  We are very pleased to have Ken move into the position of Terminal Manager of Oiltanking Houston.  In this new role, he will gain invaluable operating expertise and oversee the operations of the significantly growing Houston terminal, the Partnership's largest asset and one of the largest in Oiltanking's global portfolio. His deep understanding of the financial implications of operating decisions will be a great asset for the Partnership as we continue our expansion programs and maintain our position as one of the best in class limited partnerships," added Ainsworth. 

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

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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