On March 12, 2009, TEPPCO Partners announced that Murray H. Hutchison, chairman of the board, had withdrawn from the audit, conflicts and governance committee in tandem with the development of his responsibilities to include interim executive authority.
“With their in-depth understanding of the master limited partnership structure and broad experience in the crude oil and refined products areas that comprise our core pipeline business segments, I’m confident that both gentlemen will be productive additions to our board and we are very pleased and fortunate to have them part of the team,” said Jerry Thompson, president and chief executive officer of TEPPCO’s general partner. “These latest additions bring the total number of members on the TEPPCO board to seven, five of which are independent directors.”
Ever since 2007, Ligon served in the role of strategic advisor for Love’s Travel Stops & Country Stores, Inc. in Oklahoma City, Oklahoma. Earlier to his existing responsibilities, he served 11 years as general counsel and senior vice president for Devon Energy Corporation. Throughout his 40-year career, Ligon has served in several legal, regulatory and legislative advisory positions, providing counsel on a wide range of energy-related issues. He received Juris Doctorate from the University of Texas and a bachelor’s degree from Westminster College in Fulton, Missouri.
From 1998 to 2006, Toole served as president, chief executive officer and director for the general partner of Pacific Energy Partners, L.P. and its predecessor companies. During his term, he started the development of a major new crude oil import terminal at the Port of Los Angeles and concluded a series of acquisitions totaling above $1 billion. His energy experience ranges for over 40 years and comprises of several executive level financial and operational roles with several large integrated crude oil and refined products pipeline companies. Toole received master’s degree and a bachelor’s degree in civil engineering from Texas A&M University and concluded the advanced management program at Harvard Business School.
