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Hi-Crush Partners Reports Changes to Board of Directors
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Hi-Crush Partners LP reported changes to the board of directors of its general partner, Hi-Crush GP LLC.
Hi-Crush announced that Mr. Steve Webster has decided to resign from the board of directors of Hi-Crush GP LLC, effective February 17, 2015. Mr. Webster has been a director of the general partner since its formation in May 2012 and is resigning his board position solely for personal reasons and time considerations.
James M. Whipkey, Co-Chief Executive Officer of Hi-Crush., said: "The board of directors of the general partner sincerely thanks Steve Webster for his significant contributions and outstanding service during his time with Hi-Crush. Steve's experience and leadership proved a valuable asset to Hi-Crush over the last three years; he has been a consistently helpful business advisor to the board and management, helping to lay strategic groundwork for Hi-Crush's ongoing growth. We wish Steve the very best in his future endeavors."
As a result of Mr. Webster's resignation, Hi-Crush announced the election of Mr. R. Graham Whaling to the board of directors of its general partner, effective February 17, 2015.
Mr. Whaling has a 35 year background in the energy industry. Since 2014, Mr. Whaling has served as an energy industry advisor for Avista Capital Partners. Prior to joining Avista Capital Partners, Mr. Whaling served as Chief Executive Officer of Parkman Whaling, an oil and gas investment banking advisory firm, which he co-founded in July 2007. Prior to that, Mr. Whaling was chairman and Chief Executive Officer of Laredo Energy, L.P., which he co-founded in 2001. Mr. Whaling holds an M.B.A. from the Wharton School of the University of Pennsylvania and a bachelor's degree in petroleum engineering from the University of Texas.
Robert E. Rasmus, Co-Chief Executive Officer of Hi-Crush, commented: "Mr. Whaling's successful track record in the energy industry enhances the knowledge and experience of the board. His extensive experience as both a founder and leader of energy businesses, coupled with his operational and financial expertise, fits well with the Hi-Crush history. We are pleased to have Graham join us and believe he will make a meaningful contribution to Hi-Crush."