Adams Resources & Energy Inc. Announces Board Changes
December 06, 2013 at 09:18 pm IST
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On December 5, 2013, the Board of Directors of Adams Resources & Energy Inc. appointed Mr. Thomas S. Smith to the Board effective as of that date, to serve as Chairman. Mr. Smith is the President and Chief Executive Officer of KSA Industries Inc. Mr. Smith replaced E.C. Reinauer, Jr. as Chairman with Mr. Reinauer remaining on the Board as an independent director. Mr. Smith assumed his present role with KSAI up the death of the company's and KSAI's founder, K.S. Adams Jr., in October 2013.
Previously Mr. Smith was Executive Vice President and Chief Operating Officer of KSAI since 1985.
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.