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Aux Sable CEO to Retire at Year-End; Successor Named

Share Print Bookmark    |    Thursday,September 26,2013

The Board of Directors of Aux Sable Liquid Products Inc., Aux Sable Canada LP, and Aux Sable Midstream LLC have reported that William J. (Bill) McAdam, Aux Sable's President/Chief Executive Officer (CEO), plans to retire at the end of 2013 after 13 years of service.

The Board also announced that Timothy L. (Tim) Stauft , Aux Sable Canada's President, will succeed Bill as CEO effective January 1, 2014 .

Don Althoff, Chair of Aux Sable's Board of Directors, commented: "On behalf of the Board of Directors, I would like to thank Bill for his leadership, dedication and the significant contributions he has made during his tenure with Aux Sable. Bill established a strong growth platform for Aux Sable and he has been instrumental in preparing the organization to capture continued opportunities in the midstream business. We wish Bill the very best in his retirement."

McAdam added: "I can truly say that leading Aux Sable from the time it commenced operations in December, 2000 has clearly been the highlight of my 39 year working career. I am very proud of our many accomplishments and incredibly thankful to my fellow employees who played key roles in achieving the success of the company. I would also like to thank Aux Sable's Board of Directors for their sound advice and guidance with particular emphasis on their commitment to outstanding safety and environmental performance."

To provide for an orderly management transition, effective October 1, 2013 , Tim will be appointed President of Aux Sable's US entities in addition to remaining President of its Canadian entities.  Tim will continue to work closely with Bill in the coming months to ensure a seamless transition into his new role as CEO on January 1, 2014 .

Althoff continued: "Tim's appointment has been part of a planned leadership succession process and he brings an incredible depth of experience to this role. Tim has the operational expertise, talent and a passion for the business to lead the Aux Sable organization and deliver on its strong value proposition."

Tim joined Aux Sable in 2005 as Vice-President, Supply and was named Executive Vice-President in 2006. He was appointed President of Aux Sable Canada LP in 2011 and Executive Vice-President: Aux Sable Liquid Products Inc., Aux Sable Midstream LLC in 2013.  Tim has played a key role in developing Aux Sable's Canadian midstream gas processing and natural gas liquids business.

Stauft commented: "I look forward to leading a solid organization with a dedicated and talented team. Together we will continue to grow the Aux Sable business while meeting or exceeding safety and environmental standards."

Tim has extensive knowledge and over 30 years of experience in the natural gas and natural gas liquids business.  He has held a variety of senior positions with Alberta Natural Gas Co. (sold to TransCanada Pipelines) and Purvin & Gertz Inc. Tim is a professional engineer and holds a Master of Business Administration degree from Queen's University.