BNET Industries

Magellan Midstream Partner, L.P

is in the Business Services Industry

Last Fiscal Year Sales:$1.5B
  • Private
  • US
Dow Jones Description

Magellan Midstream Partners, L.P. is a publicly traded master limited partnership formed to own, operate and acquire a diversified portfolio of energy assets. We began trading on the New York Stock Exchange in February 2001 as Williams Energy Partners L.P. under the ticker symbol WEG. Effective Sept. 1, 2003, we changed our name to Magellan Midstream Partners, L.P. and began trading under the ticker symbol MMP. Our main business is the transportation, storage and distribution of refined petroleum products. Our current asset portfolio consists of: - An 8,500 mile refined petroleum products pipeline system including 45 terminals - Seven marine terminal facilities - 29 inland terminals - An 1,100 mile ammonia pipeline system

Chairman, President and CEO
Don R Wellendorf
Number of Employees 2,999
Contact Information

1 Williams Center

Tulsa, Oklahoma 74172

www.mmplp.net

1 918 574 7650

NAICS Code Geophysical Surveying and Mapping Services: 541360

Decision Makers

Name (plus bio) Position
John D Chandler Senior Vice President, Cfo and Treasurer
Mike Mears Chief Operating Officer
Brett C Riley Senior Vice President, Business Development
Lisa J Korner Senior Vice President, Human Resources and Administration
Lonny E Townsend Senior Vice President
Richard A Olson Senior Vice President
Bruce Heine
Paula Farrell
N John Lancaster Director
Patrick C. Eilers Director
Thomas S. Souleles Director
Thomas T. Macejko Director

Board of Directors

Name (plus bio) Position
Don R Wellendorf Chairman, President and CEO
George A O Brien Jr Board of Directors
James R. Montague Board of Directors
John P. Desbarres Board of Directors

Organization Position Status
Magellan Midstream Partner, L.P Chairman, President and CEO Current
Magellan Midstream Partner, L.P Treasurer and Chief Financial Officer Former
The Williams Companies, Inc. Vice President Former
Magellan Midstream Partner, L.P General Partner Former
Magellan Midstream Partner, L.P Director Former

Organization Position Status
Magellan Midstream Partner, L.P Senior Vice President, Cfo and Treasurer Current
Magellan Midstream Partner, L.P Board of Directors Current
The Williams Companies, Inc. Director of Strategic Development Former

Organization Position Status
Magellan Midstream Partners, L.P. COO Current
Magellan Midstream Partner, L.P Chief Operating Officer Current
Magellan Midstream Partners, L.P. Vice President, Transportation Current
Magellan Midstream Partner, L.P Senior Vice President Former
Terminals, Inc. Senior Vice President Former
Williams Pipeline Co. Vice President, Transportation Former
Terminals, Inc. Vice President of Transportation Former
Magellan Midstream Partners, L.P. General Partner Former

Brett C. Riley has served as the Vice President, Business Development of our general partner since June 17, 2003. Mr. Riley served as Director of Mergers & Acquisitions for a subsidiary of Williams from September 2000 until June 2003. He also served as Director of Financial Planning and Analysis for a subsidiary of Williams from 1998 to 2000. Mr. Riley also worked in various financial positions with MAPCO and Williams since 1992.

Organization Position Status
Magellan Midstream Partner, L.P Senior Vice President, Business Development Current

Organization Position Status
Magellan Midstream Partner, L.P Senior Vice President, Human Resources and Administration Current
Magellan Midstream Partner, L.P Director of Human Resources Former

Lonny E. Townsend has served as a Vice President and the General Counsel of our general partner since June 17, 2003 and as Compliance and Ethics Officer since October 20, 2004. He also serves as a Vice President, the General Counsel, Compliance and Ethics Officer and Secretary of the general partner of MGG. He was Assistant General Counsel for Williams from February 2001 to June 17, 2003. He also served as Senior Counsel for Williams from September 1995 to February 2001.

Organization Position Status
Magellan Midstream Partner, L.P Senior Vice President Current
Magellan Midstream Partner, L.P Board of Directors Current

Organization Position Status
Magellan Midstream Partner, L.P Senior Vice President Current
Williams Pipeline Co. Former

Organization Position Status
Magellan Midstream Partner, L.P Current

Organization Position Status
Magellan Midstream Partner, L.P Current

Organization Position Status
Magellan Midstream Partner, L.P Board of Directors Current
Magellan Midstream Partner, L.P Chair Former

James R. Montague has served as a director of our general partner since July 2001. Since 2003, he has been retired. From 2001 to 2002, Mr. Montague served as President of EnCana Gulf of Mexico LLC, a subsidiary of EnCana Corporation, which is in the business of oil and gas exploration and production. From 1996 to June 2001, Mr. Montague served as President of two subsidiaries of International Paper Company, IP Petroleum Company, an exploration and production oil and gas company, and GCO Minerals Company, a company that manages International Paper Company’s mineral holdings. Mr. Montague also serves as Chairman of the Board of Memorial Hermann Healthcare System. Mr. Montague serves as the non-executive Chairman of the Board of Davis Petroleum Corp., as a director of Atwood Oceanics, Inc. and as a director of the general partner of Magellan Midstream Partners, L.P.

Organization Position Status
Penn Virginia Resource Partners, L.P. General Partner Current
Davis Petroleum Corp Non-Executive Chairman of the Board Current
Memorial Hermann Healthcare System Chairman of The Board Current
Penn Virginia Resource Partners, L.P. Board of Directors Current
Atwood Oceanics, Inc. Director Current
Magellan Midstream Partner, L.P Board of Directors Current
Magellan Midstream Partners, L.P. Board of Directors Current
Penn Virginia Gp Holdings Director Current
International Paper Company Former

Organization Position Status
Penn Virginia Resource Partners, L.P. General Partner Current
American Electric Power Company, Inc. Directors and Corporate Governance Committee Member Current
Texas Eastern Products Pipeline Company, LLC Current
Penn Virginia Resource Partners, L.P. Board of Directors Current
Magellan Midstream Partners, L.P. Board of Directors Current
American Electric Power Company, Inc. Board Member Current
Magellan Midstream Partner, L.P Board of Directors Current
The Williams Companies, Inc. Chief Executive Officer Former
Transco Inc. chief executive officer Former
Transco Inc. president Former
The Williams Companies, Inc. President Former
The Williams Companies, Inc. Chairman Former
American Electric Power Company, Inc. Human Resources Committee Chairman Former

N. John Lancaster is a Managing Director of Riverstone. Prior to joining Riverstone in 2000, Mr. Lancaster was a Director with The Beacon Group, LLC, a privately held firm specializing in principal investing and strategic advisory services in the energy and other industries. Prior to joining Beacon, Mr. Lancaster was a Vice President with Credit Suisse First Boston's Natural Resources Group in Houston, Texas, where he was involved in transactions for companies in all segments of the energy industry, with an emphasis on oil services and oil and gas exploration and production. Mr. Lancaster began his career in energy-related finance at Bankers Trust, where he served in the corporate finance group and published equity research on companies in the unregulated midstream natural gas and oil service sectors of the energy industry.

Organization Position Status
Consolidatedvalve.Com Managing Director of Riverstone Current
Riverstone Holdings LLC Managing Director Current
Dresser Wayne Division Managing Director of Riverstone Current
Redq Regulators Managing Director of Riverstone Current
Waukesha Engine Division Dresser Industries Managing Director of Riverstone Current
Dresser, Inc. Managing Director Current
Carlyle Holding Corporation Current
Consolidatedvalve.Com Board of Directors Current
Masoneilan Company, Ltd. Board of Directors Current
Magellan Midstream Partner, L.P Director Current
Magellan Midstream Partners, L.P. Board of Directors Current
Frontier Corporation Director Current
Becker Precision Equipment Board of Directors Current
Titan Specialties Ltd Board of Directors Current
Dresser Wayne Division Board of Directors Current
Waukesha Engine Division Dresser Industries Board of Directors Current
Redq Regulators Board of Directors Current
Magellan Midstream Holdings, L.P. Board of Directors Current
The Stallion Co Director Current
International Logging, Inc. Board of Directors Current
G.A.S. International, Inc. Board of Directors Current
Stallionoilfield.Com Board of Directors Current
Riverstone Managing Director Former
Bankers Trust Company Inc. Corporate Finance Group Former
Beacon, Inc Former
Dresser, Inc. Board of Directors Former
Beacon Group Director Former
Harvard Business School M.B.A. Former
The University of Texas B.B.A. Former
The University of Texas at Austin Bba Former

Patrick C. Eilers has served as a director of our general partner since June 17, 2003. He also serves as a director of the general partner of Magellan Midstream Holdings, L.P. ("MGG GP") and MGG Midstream Holdings, L.P. ("MGG Holdings GP"). Mr. Eilers is a Managing Director of Madison Dearborn Partners, LLC overseeing the firm's energy, power and chemicals practice. Prior to joining Madison Dearborn Partners in 1999, he served as a Director with Jordan Industries, Inc. and as an Associate with IAI Venture Capital, Inc. He also played professional football with the Chicago Bears, the Washington Redskins and the Minnesota Vikings from 1990 to 1995.

Organization Position Status
Madison Dearborn Partners LLC Managing Director Current
Sports Venture Partners L.L.C. Managing Director, Madison Dearborn Partners Current
Granite Hall Partners, Inc. Managing Director, Madison Dearborn Partners Current
US Power Generating Company, LLC Board of Directors Current
Magellan Midstream Partners, L.P. Board of Directors Current
Magellan Midstream Holdings, L.P. Board of Directors Current
Magellan Midstream Partner, L.P Director Current
Sports Venture Partners L.L.C. Board of Directors Current
Madison Dearborn Partners LLC Director Current
Granite Hall Partners, Inc. Board of Directors Current
Sports Venture Partners L.L.C. Director, Madison Dearborn Partners Former
Jordan Industries, Inc. NA Former
Chicago Bears Football Club, Inc. Former
Washington Redskins Former
Jordan Industries, Inc. Director Former
Kellogg School of Management at Northwestern University MBA Former
Northwestern University M.B.A Former
University of Notre Dame B.S Former

Thomas S. Souleles, Managing Director - A.B., Princeton University; J.D., Harvard Law School; M.B.A., Harvard Graduate School of Business Administration. Prior to joining MDP, Mr. Souleles was with Wasserstein Perella & Co., Inc. Mr. Souleles concentrates on investments in the basic industries sector and currently serves on the Boards of Directors of Forest Products Holdings, LLC (d.b.a. Boise Cascade), Great Lakes Dredge & Dock Corporation, Magellan GP, LLC, Magellan Midstream Holdings GP, LLC, Packaging Corporation of America, US Power Generating Company, and the Children's Memorial Medical Center; and the Board of Trustees of the National Multiple Sclerosis Society, Greater Illinois Chapter.

Organization Position Status
Madison Dearborn Partners LLC Managing Director Current
Packaging Corporation of America Assistant Secretary Current
The National Multiple Sclerosis Society Board of Directors Current
Magellan Midstream Partner, L.P Director Current
Great Lakes Dredge & Dock Co. LLC Director Current
Packaging Corporation of America Director Current
Madison Dearborn Partners LLC Board of Directors Current
Boise Cascade Holdings, L.L.C. Director Current
Smurfit Kappa Group Board of Directors Current
Magellan Midstream Holdings, L.P. Board of Directors Current
Smurfit Kappa Group Board Director Current
The Dock, Inc. Board of Directors Current
Boise Inc. Board of Directors Current
US Power Generating Company, LLC Board of Directors Current
Packaging Corporation of America Vice President Former
Madison Dearborn Partners LLC Equity Sponsor Former
The Dock, Inc. Former
Harvard Law School J.D Former
Harvard Business School M.B.A Former
Princeton University A.B Former

Thomas T. Macejko, Jr., Vice President - A.B., Dartmouth College; M.B.A., Northwestern University J.L. Kellogg Graduate School of Management. Prior to joining MDP, Mr. Macejko was with Deutsche Banc Alex. Brown and with MDP as an Associate for two years.

Organization Position Status
Madison Dearborn Partners LLC Vice President Current
Magellan Midstream Partner, L.P Director Current
Madison Dearborn Partners LLC Analyst Former
Northwestern University M.B.A Former
Dartmouth College A.B Former
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