Aaron Milford became CFO of Magellan Midstream Partners LP, effective immediately, the company said May 18. The former CFO, Michael Osborne, resigned, the company added.

Previously, Milford was Magellan’s vice president of crude oil business development. Milford has 20 years’ experience in energy industry financial analysis, M&A and business development. He has spent his entire career with Magellan or its predecessors.

Milford has a bachelor's degree and a master's of business administration degree from the University of Tulsa. He is also a chartered financial analyst.

"Aaron brings financial expertise and an in-depth knowledge of Magellan's businesses to our most senior-level financial position," said Michael Mears, CEO. "His proven track record with the company and disciplined financial nature should continue to serve us well in his new role."

Magellan Midstream Partners LP is based in Tulsa, Okla.