Adams Resources & Energy Announces Executive Changes, Effective August 31, 2016
August 30, 2016 at 02:59 am IST
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Adams Resources & Energy Inc. announced that Richard B. Abshire, Executive Vice President, Chief Financial Officer and Treasurer, is retiring effective August 31, 2016. In order to ensure an orderly transition of his Company responsibilities, Mr. Abshire will continue to advise the Company as a consultant as necessary for the next few months. Sharon C. Davis, the Company's current Executive Vice President, Chief Operating Officer and Chief Accounting Officer will assume the duties of Chief Financial Officer and Treasurer on an interim basis.
Adams Resources & Energy, Inc. is engaged in crude oil marketing, truck, and pipeline transportation, terminalling and storage in various crude oil and natural gas basins in the lower 48 states of the United States. The Company also conducts tank truck transportation of liquid chemicals, pressurized gases, asphalt, and dry bulk primarily in the lower 48 states of the United States, with deliveries into Canada and Mexico, and with 17 terminals across the United States. Its segments include crude oil marketing, transportation, and storage; tank truck transportation of liquid chemicals, pressurized gases, asphalt, and dry bulk; pipeline transportation, terminalling and storage of crude oil, and interstate bulk transportation logistics of crude oil, condensate, fuels, oils and other petroleum products and recycling and repurposing of off-specification fuels, lubricants, and other chemicals. Its subsidiaries include Service Transport Company, Ada Resources, Inc., and Phoenix Oil, Inc.
ADAMS RESOURCES & ENERGY, INC. 
