Arc Logistics Partners LP Announces Appointment of General Counsel
New York, NY, Feb. 3, 2014 (GLOBE NEWSWIRE) — Arc Logistics Partners LP (NYSE: ARCX) (“Arc Logistics” or the “Partnership”) today announced the appointment of Steven C. Schnitzer as Senior Vice President, General Counsel and Secretary of its general partner, Arc Logistics GP LLC (“General Partner” and together with Arc Logistics, the “Company”). Prior to joining the Company, Mr. Schnitzer practiced law with the firm of Katten Muchin Rosenman LLP from 2001 to January 2014, where he served as the Chair of the Corporate Group of the firm’s Washington, DC office and specialized in corporate law, including corporate governance, mergers and acquisitions, corporate finance and securities matters. Prior to joining Katten Muchin Rosenman LLP, Mr. Schnitzer was a Partner in the Corporate Group of Crowell & Moring LLP until 2001, after having joined that firm as an Associate in 1994. Mr. Schnitzer began his career at Debevoise & Plimpton LLP in New York City, where he was an Associate in the Corporate Finance Department from 1988 to 1994. Mr. Schnitzer received a Bachelor of Arts from the University of Maryland and a Juris Doctor degree from Touro College Jacob D. Fuchsberg Law Center, where he graduated cum laude and served as Editor-in-Chief of the law review. Vince Cubbage, Chief Executive Officer of the Company, said of the appointment: “We are pleased to have Steven join our senior management team. He brings a wealth of corporate legal experience to our growing partnership, with expertise in both energy related matters as well as master limited partnerships.”
About Arc Logistics Partners LP
Arc Logistics is a fee-based, growth-oriented limited partnership that owns, operates, develops and acquires a diversified portfolio of complementary energy logistics assets. Arc Logistics is principally engaged in the terminalling, storage, throughput and transloading of crude oil and petroleum products. For more information please visit www.arcxlp.com.
Certain statements and information in this press release may constitute “forward-looking statements.” Certain expressions including “believe,” “expect,” or other similar expressions are intended to identify the Partnership’s current expectations, opinions, views or beliefs concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements are reasonable when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. The forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) and assumptions that could cause actual results to differ materially from the Partnership’s historical experience and its present expectations or projections. Important factors that could cause actual results to differ from forward looking statements include but are not limited to: (i) adverse economic, capital markets and political conditions; (ii) changes in the market place for the Partnership’s products and services; (iii) changes in supply and demand of crude oil and petroleum products; (iv) actions and performance of the Partnership’s customers, vendors or competitors; (v) changes in the cost of or availability of capital; (vi) unanticipated capital expenditures in connection with the construction, repair, or replacement of its assets; (vii) operating hazards, unforeseen weather events or matters beyond the Partnership’s control; (viii) effects of future laws or governmental regulations; and (ix) litigation. For additional information regarding known material factors that could cause the Partnership’s actual results to differ from projected results, please see “Risk Factors” in the prospectus filed on November 7, 2013 with the SEC and subsequent SEC filings. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The Partnership undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
Anne G. Fegely