MarkWest Hydrocarbon Announces Retirement of Jim Ivey as Chief Financial Officer and Appointment of Nancy K. Masten as Acting C
September 06 2006 - 8:07PM
PR Newswire (US)
DENVER, Sept. 6 /PRNewswire-FirstCall/ -- MarkWest Hydrocarbon,
Inc. (AMEX:MWP) today announced the upcoming retirement of Jim
Ivey, Chief Financial Officer. Mr. Ivey will continue as CFO until
October 1, 2006, the date set for his retirement. He cited the
desire to pursue other family and personal interests in reaching
his decision to retire. "Jim has been instrumental in developing
MarkWest's financial strategy and executing our business plan,"
said Frank Semple, President and CEO. "Jim's experience will be
missed; however, I am pleased to also announce that Nancy K. Masten
has been named as the acting Chief Financial Officer while the
Board of Directors considers all options for filling this very
critical position. Nancy is our current Chief Accounting Officer
and her previous experience as the CFO for EAS, Inc. (a subsidiary
of the Ross Products Division of Abbott Laboratories), Vice
President for TransMontaigne, Inc. and as a Partner with Ernst
& Young LLP will allow her to provide excellent leadership as
the acting Chief Financial Officer." MarkWest Hydrocarbon, Inc.
(AMEX:MWP) controls and operates MarkWest Energy Partners, L.P.
(AMEX:MWE), a publicly-traded limited partnership engaged in the
gathering, processing and transmission of natural gas; the
transportation, fractionation and storage of natural gas liquids;
and the gathering and transportation of crude oil. We also market
natural gas and NGLs. This press release includes "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements other than statements of
historical facts included or incorporated herein may constitute
forward-looking statements. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we can give no assurance that such expectations will
prove to be correct. The forward-looking statements involve risks
and uncertainties that affect our operations, financial performance
and other factors as discussed in our filings with the Securities
and Exchange Commission ("SEC"). Among the factors that could cause
results to differ materially are those risks discussed in our Form
10-K for the year ended December 31, 2005, and our Forms 10-Q for
2006, as filed with the SEC. DATASOURCE: MarkWest Hydrocarbon, Inc.
CONTACT: Frank Semple, President & CEO, or Jim Ivey, CFO, or
Andy Schroeder, VP and Treasurer, all of MarkWest Hydrocarbon,
Inc., +1-866-858-0482, or fax, +1-303-290-8769, Web site:
http://www.markwest.com/
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