Printer Friendly

THACKER NAMED CHIEF EXECUTIVE OFFICER OF TEXAS EASTERN PRODUCTS PIPELINE COMPANY

 HOUSTON, Jan. 17 /PRNewswire/ -- The board of directors of Texas Eastern Products Pipeline Company (TEPPCO), a subsidiary of Panhandle Eastern Corporation, today elected William L. Thacker, Jr., 48, chief executive officer, effective immediately. Thacker will continue to hold his current title of president.
 Clifford W. Rackley, 70, who has served as chief executive officer for the past two years, will continue to serve as chairman of the board.
 "Cliff Rackley brought a lifetime of management experience and knowledge to TEPPCO when he agreed to take the helm in 1991," said Dennis Hendrix, chairman and chief executive officer of Panhandle Eastern Corporation. "Under his leadership, TEPPCO has shown significant operating improvements through efficiency gains and revenue- generating projects, which increased earnings and total pipeline deliveries. We were extremely fortunate to have had Cliff take on this leadership role, and we are most appreciative of his continuing as chairman of the board. I am confident that Bill Thacker and his management team will continue this record of advancing the company's position."
 Thacker spent his career at Unocal Corporation in a variety of positions before joining TEPPCO as president and chief operating officer in 1992. He joined Unocal's refining operations in 1967 and was named president of Pure Transportation Company, the company's pipeline group, in 1981. Thacker became president of Unocal Pipeline Company and general manager of pipelines for Unocal Corporation in Los Angeles in 1986.
 He received his bachelor's degree in mechanical engineering from The Georgia Institute of Technology in 1967 and his master's degree in business administration from Lamar University in Beaumont, Texas, in 1973. Thacker also graduated from the executive development program at the Kellogg Graduate School of Management at Northwestern University.
 TEPPCO is the general partner of TEPPCO Partners, L.P., a publicly owned master limited partnership. TE Products Pipeline Company, Limited Partnership, the operating partnership, is one of the largest common carrier pipelines of refined petroleum products and liquefied petroleum gases in the United States.
 Panhandle Eastern Corporation, America's natural gas transportation company, operates one of the nation's largest interstate natural gas pipeline systems, providing natural gas transportation and related services to the Midwest and Northeast markets.
 -0- 1/17/94
 /CONTACT: Media Relations -- Eric W. Thode, 713-759-3635, Investor Relations -- Brad Porlier, 713-627-4600 or 800-347-3636, both of Panhandle Eastern Corporation, or Brenda Peters, (TEPPCO), 713-759-3954/


CO: Texas Eastern Products Pipeline Company ST: Texas IN: OIL SU: PER

SP -- NY046 -- 1312 01/17/94 12:11 EST
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 17, 1994
Words:408
Previous Article:SEARS OFFERS NEW SHAREHOLDER SERVICES LINE
Next Article:U.S. BANCORP REPORTS RECORD EARNINGS IN 1993
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters