Ferrellgas Partners Names Todd Soiefer To Lead Diversification Initiative; Appointment Reflects "Natural Evolution" Of Partnership's Strategic Direction
OVERLAND PARK, Kan., Jan. 13, 2014 /PRNewswire/ -- Ferrellgas Partners, L.P. (NYSE: FGP), one of the nation's largest distributors of propane, today announced the appointment of Todd Soiefer, to the newly created position of Senior Vice President of Strategic Development. Previously, Soiefer worked at RBC Capital Markets as Director, Energy Investment Banking.
Ferrellgas President and CEO Steve Wambold explained, "Todd's background represents an ideal fit and a natural evolution of our strategic direction to look at complementary asset acquisitions outside the propane space for diversification and stabilization of cash flow. At RBC he played a key role in the MLP coverage team and advised clients on a wide range of investment banking activities."
Wambold emphasized, "We remain committed to growing our propane operations profitably through acquisitions and organically. Given the fragmented nature of the industry, we are confident the growth opportunities in this area are significant." He also pointed out, "As we evaluate diversification opportunities, our disciplined acquisition criteria remain unchanged, which include immediate accretion to earnings."
Soiefer will report to Executive Vice President and Chief Financial Officer Ryan VanWinkle. His appointment is effective this Thursday, January 16. He will be based in New York City, at 1745 Broadway, 17th Floor, New York, N.Y. 10019, 917-477-3163, with the e-mail address ToddSoiefer@Ferrellgas.com.
Ferrellgas Partners. L.P., through its operating partnership Ferrellgas L.P., serves customers in all 50 states, the District of Columbia and Puerto Rico. Ferrellgas employees indirectly own more than 21 million common units of the partnership through an employee stock ownership plan. More information about the partnership can be found online at www.ferrellgas.com. Statements in this release concerning expectations for the future are forward-looking statements. A variety of known and unknown risks, uncertainties and other factors could cause results, performance and expectations to differ materially from anticipated results, performance and expectations. These risks, uncertainties and other factors are discussed in the Form 10-K of Ferrellgas Partners, L.P., Ferrellgas Partners Finance Corp., Ferrellgas, L.P., and Ferrellgas Finance Corp. for the fiscal year ended July 31, 2013, and other documents filed from time to time by these entities with the Securities and Exchange Commission.
SOURCE Ferrellgas Partners, L.P.