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Magellan Midstream Partners, L.P. has reported that Michael Osborne will join the partnership to replace John Chandler, current chief financial officer, upon Chandler's previously-announced departure from the company on March 31, 2014.
Osborne has more than 23 years experience in the energy industry with extensive experience in SEC reporting, debt and equity offerings, mergers and acquisitions and technical accounting and financial matters. He has spent his entire career with Ernst & Young LLP, serving as an audit partner for the past 11 years. Osborne holds a bachelor's degree in accounting from the University of Oklahoma and is a certified public accountant.
Michael Mears, CEO, commented: "We look forward to Mike joining Magellan's senior management team and know his strong background in energy accounting, SEC reporting and financing transactions will be an important asset for our firm. Our management team and board of directors have worked closely with Mike over the years, and we are confident his conservative nature, extensive experience and familiarity with our accounting policies and business will fit nicely with Magellan's disciplined financial philosophy."
Osborne will join the partnership on Nov. 18, 2013, transitioning to the chief financial officer role in late March 2014.