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Buckeye Partners, L.P. has reported that the Board of Directors of Buckeye GP LLC has appointed Clark C. Smith to succeed Forrest E. Wylie as Chairman of the Board, effective August 5, 2014.
Mr. Smith, who has been Buckeye's President and Chief Executive Officer since February 2012, replaces Forrest E. Wylie, who is resigning after serving as Chairman for the past seven years. Mr. Wylie also served as Buckeye's Chief Executive Officer from June 2007 until February 2012.
Smith commented: "We have benefited under Forrest's leadership and thank him for his contributions to Buckeye's success over the past seven years."
The company also announced that Frank S. Sowinski, a long-standing member of the Buckeye GP Board and Chair of the Board's Nominating and Corporate Governance Committee, has been appointed as Lead Independent Director, effective August 5, 2014.