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Westlake appoints David Lumpkins as new member of BoD
02 Feb '15
2 min read
Westlake Chemical Partners LP, a master limited partnership formed by Westlake Chemical Corporation, has appointed David Lumpkins to the board of directors of its general partner, Westlake Chemical Partners GP LLC.
Lumpkins was formerly the executive chairman and co-founder of PetroLogistics LP, a major producer of propylene that was acquired by Flint Hills Resources in 2014. In addition to PetroLogistics, he served in a principal executive capacity in other energy related companies, including PL Midstream, which he co-founded and served as chairman. Prior to those initiatives, Lumpkins worked in the investment banking industry for 17 years, primarily for Morgan Stanley, where he opened its Houston office and served as a managing director and head of the firm’s southwest region.
Lumpkins also serves as a director of Crestwood Midstream Partners LP. He is a graduate of the University of Texas where he received a BBA in Finance and an MBA.
James Chao, chairman of Westlake Chemical Partners GP LLC said, “We are very pleased that David has been elected to our board. We know that his unique combination of executive experience, as well as extensive experience in the petrochemical, energy midstream and financial industries will add significant value to our board and to the organization as a whole.”
Westlake Chemical Partners LP operates, acquires, and develops ethylene production facilities and other qualified assets. Headquartered in Houston, TX, the partnership’s assets consist of three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana, and an ethylene pipeline. (GK)
Lumpkins was formerly the executive chairman and co-founder of PetroLogistics LP, a major producer of propylene that was acquired by Flint Hills Resources in 2014. In addition to PetroLogistics, he served in a principal executive capacity in other energy related companies, including PL Midstream, which he co-founded and served as chairman. Prior to those initiatives, Lumpkins worked in the investment banking industry for 17 years, primarily for Morgan Stanley, where he opened its Houston office and served as a managing director and head of the firm’s southwest region.
Lumpkins also serves as a director of Crestwood Midstream Partners LP. He is a graduate of the University of Texas where he received a BBA in Finance and an MBA.
James Chao, chairman of Westlake Chemical Partners GP LLC said, “We are very pleased that David has been elected to our board. We know that his unique combination of executive experience, as well as extensive experience in the petrochemical, energy midstream and financial industries will add significant value to our board and to the organization as a whole.”
Westlake Chemical Partners LP operates, acquires, and develops ethylene production facilities and other qualified assets. Headquartered in Houston, TX, the partnership’s assets consist of three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana, and an ethylene pipeline. (GK)
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