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Magellan Midstream Partners L.P. has reported that its chief financial officer, John Chandler, has provided notice that he intends to leave the partnership effective March 31, 2014 to spend additional time with his family and church and community causes.
Michael Mears, CEO, commented: "John has been a critical part of Magellan's success, from playing a key role in the partnership's initial public offering in 2001 to ensuring we maintain strong financial metrics as Magellan has grown. He is well-respected in the financial and investment community, leading Magellan's fiscal policy that has resulted in consistent value to our unitholders and an industry-leading balance sheet. We thank John for his many contributions and congratulate him as he begins a new chapter in his life to pursue his personal passions."
The partnership will begin the process immediately to seek a replacement for Mr. Chandler to ensure a smooth transition.