– USA, OK – The Board of Directors of the general partner of Cypress Energy Partners, L.P. (NYSE:CELP), a Delaware limited partnership (“Cypress”), has elected Stanley A. Lybarger to its board, effective March 5, 2014. With Lybarger’s election, the board of directors now has 6 members, 3 of whom are independent. Lybarger will also become the Chairman of the audit committee.
Lybarger, 64, retired as president and chief executive officer of Tulsa-based BOK Financial (NASDAQ: BOKF), a top 25 US-based bank, on January 1, 2014. He continues to serve on the board of directors of that corporation.
“Stan will be a valuable addition to our board, based on his experience leading BOK Financial and his deep knowledge and relationships in the energy industry,” said Peter C. Boylan III, Cypress Chairman, President and CEO. “His exceptional leadership skills and integrity were evident as he led BOK’s steady ascension from a one-state bank with $1.7 billion in assets and 900 employees, to a multi-state full service financial services corporation with over $27 billion in assets and more than 4,500 employees.”
Lybarger had a 40-year career with BOK Financial. In 1990, BOK Financial was established after Mr. George Kaiser acquired control and recapitalized the bank. Lybarger served as its first president and chief operating officer, in addition to continuing to hold that title for Bank of Oklahoma. He became the chief executive officer for BOK Financial and Bank of Oklahoma in 1996. Lybarger earned B.A. and M.B.A. degrees from the University of Kansas, and a Certification from the Stonier Graduate School of Banking at Rutgers University.
Lybarger has also been an industry and community leader for decades and has held leadership positions at a number of organizations, including serving on the Federal Advisory Council (a 12-member council which consults and advises the Federal Reserve Board of Governors in Washington, DC), the Executive Committee of the Financial Institutions Division of the American Bankers Association, Chairman of the Tulsa Stadium Trust, Chairman of the Tulsa Metro Chamber, Chairman of the Oklahoma State Chamber, Chairman of The Oklahoma Business Roundtable, Chairman of Tulsa Area United Way, and many other important organizations.
About Cypress Energy Partners, L.P.
Cypress Energy Partners, L.P. is a growth-oriented master limited partnership that provides saltwater disposal and other water and environmental services to U.S. onshore oil and natural gas producers and trucking companies in North Dakota and west Texas. Cypress also provides independent pipeline inspection and integrity services to producers and pipeline companies throughout the U.S. and Canada. In both of these business segments, Cypress works closely with its customers to help them comply with increasingly complex and strict environmental and safety rules and regulations and reduce their operating costs. Cypress was founded by Cypress Energy Holdings, LLC, an entity controlled by the family of Charles C. Stephenson, Jr. and by Peter C. Boylan III, the Chairman and CEO of Cypress. Cypress is headquartered in Tulsa, Oklahoma.
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