Steven G. Twele will retire as vice president and CFO of the general partner of World Point Terminals LP, the company said June 30. The retirement is effective Oct. 1.
Twele will remain a director and consultant to the partnership and its controlling shareholders, including the transition of responsibilities.
The company said his retirement is not related to financial disclosures, accounting or legal matters.
“We appreciate all of Steve’s hard work during his tenure and wish him the best in retirement,” said Paul A. (Tony) Novelly, chairman and CEO of the general partner.
Also, World Point said Jonathan (JQ) Affleck was appointed by the board to replace Twele in the roles, also effective Oct. 1.
Since 2013, Affleck has been general counsel. Prior to joining World Terminal, he was an associate in the New York office of Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates.
He has a bachelor’s degree from Vanderbilt University, a law degree from George Washington University Law School and an executive degree in taxation from New York University School of Law.
St. Louis-based World Point Terminals LP is an MLP that owns, acquires and develops terminals and other storage for refined products and crude oil.
Recommended Reading
Galp Seeks to Sell Stake in Namibia Oilfield After Discovery, Sources Say
2024-04-22 - Portuguese oil company Galp Energia has launched the sale of half of its stake in an exploration block offshore Namibia.
Iraq to Seek Bids for Oil, Gas Contracts April 27
2024-04-18 - Iraq will auction 30 new oil and gas projects in two licensing rounds distributed across the country.
Santos’ Pikka Phase 1 in Alaska to Deliver First Oil by 2026
2024-04-18 - Australia's Santos expects first oil to flow from the 80,000 bbl/d Pikka Phase 1 project in Alaska by 2026, diversifying Santos' portfolio and reducing geographic concentration risk.