Mr Deere spent the past 10 years in various roles of increasing responsibility at Shell and was previously employed by Union Texas Petroleum for 12 years and Price Waterhouse for 10 years. It is anticipated that Mr Deere will assume his new position on or about October 1, 2008.

Mr Sims said: Bob’s financial, accounting, analytical and reporting experience will serve Genesis well as we continue to grow and integrate new businesses into the company as well as further exploit our existing assets and business lines. We have grown substantially over the course of the past two years which makes separating the CFO and general counsel’s duties, both currently held by Ross Benavides, a necessity as we take the company and its management team to the next level. Ross will continue to be an integral part of our team as senior vice president and general counsel.