Valero L.P.
NYSE : VLI

October 06, 2005 15:35 ET

Valero L.P. Elects New Director to Board

SAN ANTONIO--(CCNMatthews - Oct 6, 2005) -

Valero L.P. (NYSE:VLI) announced today the election of former U.S. Ambassador Stan McLelland to its board of directors.

"We're very pleased that Stan McLelland is joining our board," said Valero L.P. Chief Executive Officer Curt Anastasio. "Stan's broad background in the energy industry and distinguished career in public service make him a great addition to Valero L.P."

McLelland, 60, served as ambassador to Jamaica from January 1998 to March 2001. Prior to that, he served as an executive with Valero Energy Corporation, the general partner of Valero L.P. McLelland joined Valero Energy in 1981 as Senior Vice President and General Counsel, and was promoted in 1990 to Executive Vice President and General Counsel. Prior to his service with Valero Energy, he was a lawyer with the Baker Botts law firm in Houston, and had his own law firm in Austin. He replaces Dan Montgomery on the Valero L.P. board.

McLelland has served on the boards of directors of Valero Natural Gas Partners L.P. and ICG Communications Inc. He currently serves as a director of three privately held companies: Continuum Chemical Corp., Patten Surgical Corp. and the General Partner of Yorktown Technologies L.P. He has also been selected to serve as a director of privately held Pittsburgh Corning Corp. when it emerges from Chapter 11 bankruptcy protection next year.

A resident of Austin, McLelland is active in civic and charitable organizations, including the Council of American Ambassadors, the Texas Bar Foundation and the KLRN Board of Directors.

About Valero L.P.

Valero L.P. is a master limited partnership based in San Antonio, with 9,150 miles of pipeline, 94 terminal facilities and four crude oil storage facilities. One of the largest terminal and independent petroleum liquids pipeline operators in the nation, the partnership has terminal facilities in 25 U.S. states, Canada, Mexico, the Netherlands Antilles, the Netherlands, Australia, New Zealand and the United Kingdom. The partnership's combined system has approximately 77.6 million barrels of storage capacity, and includes crude oil and refined product pipelines, refined product terminals, petroleum and a specialty liquids storage and terminaling business, as well as crude oil storage tank facilities. For more information, visit Valero L.P.'s web site at www.valerolp.com.

Contact Information

  • Valero L.P., San Antonio
    Investors, Eric Fisher, Vice President,
    Investor Relations: 210-345-2896
    or
    Media, Mary Rose Brown, Senior Vice President,
    Corporate Communications: 210-345-2314
    Web site: http://www.valerolp.com