– USA, OK – Blueknight Energy Partners, L.P. (Nasdaq: BKEP / BKEPP) today announced the appointment of D. Andrew Woodward as the new CEO effective June 22, 2020. Mr. Woodward will remain interim CFO while the Board and Audit Committee conduct a search process for a successor CFO. This follows the announcement that CEO Mark Hurley will step down from his position effective June 22, 2020, to pursue other opportunities.
“On behalf of the entire Blueknight Board of Directors, we are pleased to appoint Andrew as the new CEO,” said Board Chairman, Duke Ligon. “Over the course of more than a year, we have gotten to know Andrew and his experience and strengths beyond just the CFO responsibilities. He has earned the role and our full support, and we are confident in his leadership and strategic vision for Blueknight over the long-term.”
“We extend our thanks and appreciation to Mark for his years of leadership, service, and contributions to Blueknight since assuming the CEO role in 2012. Mark was instrumental in Blueknight’s strategy, cost improvement initiatives, and performance record in environmental, health, and safety over his tenure. We wish Mark and his family all the best in the future,” added Duke Ligon.
About Andrew Woodward
Andrew Woodward was previously appointed CFO of Blueknight in April 2019. Since then, he has played an integral role in the Partnership’s strategy, commercial activities, and financial standing to better position Blueknight over the long-term for stability and growth. Prior to joining Blueknight, Mr. Woodward served in a variety of roles at Andeavor and Andeavor Logistics LP (NYSE: ANDV/ANDX) with responsibilities covering strategy, M&A, investor relations, and most recently as the Principal Financial Officer of ANDX. Before joining Andeavor, Mr. Woodward served as Vice President at RBC Capital Markets within its energy investment banking group.
“I am deeply honored and humbled to be appointed by the Board and to lead Blueknight through its next chapter and strategy focused on its high-quality, differentiated terminalling position serving infrastructure and transportation end markets. We have a unique portfolio of assets, stable cash flows, and an experienced team that provides a solid platform to build upon,” said Woodward. “I want to also express my gratitude to the Board for their full support and to Mark for his leadership and personal mentorship. I am excited to continue the vision we started and the positive momentum we have generated for Blueknight and its stakeholders during this past year,” said Woodward.
Mr. Woodward received a Bachelor of Arts in economics and philosophy from Colorado College and a Master of Business Administration from the University of Texas at Austin.
About Blueknight Energy Partners, L.P.
Blueknight owns and operates a diversified portfolio of complementary midstream and infrastructure assets.
Blueknight provides integrated terminalling, gathering and transportation services for companies engaged in the production, distribution and marketing of liquid asphalt and crude oil. Blueknight is headquartered in Tulsa, Oklahoma.
For more information: http://www.bkep.com
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