STOCK TITAN

Suburban Propane Partners, L.P. Announces Executive Level Promotion

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Suburban Propane Partners (NYSE: SPH) announced the promotion of Alejandro ('Alex') Centeno to Senior Vice President – Operations, succeeding retiring Chief Operating Officer Steven C. Boyd effective January 1, 2025. Centeno, who has been with the company for over 15 years, will oversee day-to-day propane operations, customer growth initiatives, operational efficiencies, and support functions. The promotion aligns with the company's planned management succession strategy. Boyd retires after a nearly 39-year career with the Partnership, having started as a delivery driver and progressing through various leadership roles.

Suburban Propane Partners (NYSE: SPH) ha annunciato la promozione di Alejandro ('Alex') Centeno a Vice Presidente Senior – Operazioni, succedendo al Chief Operating Officer in pensione Steven C. Boyd a partire dal 1° gennaio 2025. Centeno, che lavora con l'azienda da oltre 15 anni, superviserà le operazioni quotidiane relative al propano, le iniziative per la crescita dei clienti, le efficienze operative e le funzioni di supporto. La promozione si allinea con la strategia di successione gestionale prevista dall'azienda. Boyd va in pensione dopo quasi 39 anni di carriera con la Partnership, avendo iniziato come autista di consegna e progredito attraverso vari ruoli di leadership.

Suburban Propane Partners (NYSE: SPH) anunció la promoción de Alejandro ('Alex') Centeno a Vicepresidente Senior – Operaciones, sucediendo al Director de Operaciones que se retira, Steven C. Boyd, a partir del 1 de enero de 2025. Centeno, que ha estado con la compañía por más de 15 años, supervisará las operaciones diarias de propano, las iniciativas de crecimiento de clientes, las eficiencias operativas y las funciones de soporte. La promoción está en línea con la estrategia de sucesión de gestión planificada de la empresa. Boyd se retira después de casi 39 años de carrera en la Asociación, habiendo comenzado como conductor de entrega y avanzando a través de varios roles de liderazgo.

서버반 프로페인 파트너스 (NYSE: SPH)는 알레한드로('알렉스') 센테노를 수석 부사장 – 운영으로 승진시키고, 퇴직하는 최고 운영 책임자인 스티븐 C. 보이드의 후임으로 2025년 1월 1일부터 업무를 시작한다고 발표했습니다. 센테노는 회사에서 15년 이상 근무해 왔으며, 일상적인 프로페인 운영, 고객 성장 이니셔티브, 운영 효율성 및 지원 기능을 감독할 것입니다. 이번 승진은 회사의 예정된 경영 승계 전략과 일치합니다. 보이드는 배달 운전사로 시작하여 여러 리더십 역할을 거치고 39년 가까운 경력을 쌓은 후 퇴직합니다.

Suburban Propane Partners (NYSE: SPH) a annoncé la promotion d'Alejandro ('Alex') Centeno au poste de Vice-Président Senior – Opérations, succédant au Directeur des opérations sortant Steven C. Boyd, à compter du 1er janvier 2025. Centeno, qui travaille dans l'entreprise depuis plus de 15 ans, supervisera les opérations quotidiennes de propane, les initiatives de croissance client, les efficiencies opérationnelles et les fonctions de soutien. Cette promotion s'inscrit dans la stratégie de succession managériale prévue par l'entreprise. Boyd prend sa retraite après près de 39 ans de carrière au sein du partenariat, ayant commencé comme livreur et progressé à travers divers rôles de leadership.

Suburban Propane Partners (NYSE: SPH) hat die Beförderung von Alejandro ('Alex') Centeno zum Senior Vice President – Operations bekannt gegeben, der ab dem 1. Januar 2025 die Nachfolge des scheidenden Chief Operating Officer Steven C. Boyd antreten wird. Centeno, der seit über 15 Jahren im Unternehmen ist, wird die täglichen Propanoperationen, Initiativen zum Kundenwachstum, operationale Effizienzen und unterstützende Funktionen überwachen. Die Beförderung steht im Einklang mit der geplanten Nachfolgestrategie des Unternehmens. Boyd geht nach fast 39 Jahren im Unternehmen in den Ruhestand, nachdem er als Lieferfahrer angefangen und sich durch verschiedene Führungsrollen gearbeitet hat.

Positive
  • Internal promotion demonstrates strong succession planning and talent development
  • New SVP brings 15+ years of company experience to the role
  • Smooth leadership transition planned with advance notice
Negative
  • Loss of experienced COO with 39 years of company knowledge

WHIPPANY, N.J., Nov. 15, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity and investor in low carbon fuel alternatives, announced today an executive promotion in line with its planned management succession. As previously announced, Steven C. Boyd, the Partnership's Chief Operating Officer, will retire effective January 1, 2025.

The Partnership announced that Alejandro ("Alex") Centeno has been promoted to Senior Vice President – Operations as successor to Mr. Boyd. In his role, Mr. Centeno will report to Michael A. Stivala, President and Chief Executive Officer. Mr. Centeno has been with the Partnership for over 15 years, where he has held several managerial positions within the operations, most recently, rising to the level of Vice President – Operations since August 2023. In his new position, Mr. Centeno will be responsible for leading all aspects of the day-to-day operations of the propane business, as well as advancing the Partnership's customer base growth and retention initiatives, driving continued improvements in operational efficiencies and overseeing operational support functions; including safety, marketing and fleet management. 

In announcing this promotion, President and Chief Executive Officer Michael A. Stivala stated, "This well-deserved promotion is in recognition of Alex's experience, knowledge and understanding of Suburban's business model and strategic growth initiatives. At Suburban Propane, we have a great history of developing our people and providing them opportunities to grow in their careers and take on additional leadership responsibilities. Alex's deep industry knowledge and experience, coupled with his ability to challenge the status quo, are attributes that have been and continue to be critical to our long-term success as an organization. I have tremendous confidence in Alex's ability to leverage Suburban's industry-leading operational practices to grow and extend our market share, while maintaining the organization's focus on safety, outstanding customer service and driving operational efficiencies.

Mr. Stivala continued, "I also wish to thank Steve Boyd for his immeasurable contributions to the success of Suburban Propane over his nearly 39-year career with the Partnership, which started as a delivery driver and encompassed several leadership roles throughout our field operations. Steve has been a cornerstone of our leadership team for the better part of the past 20 years and we wish him all of the best in his retirement."

About Suburban Propane Partners, L.P.
Suburban Propane Partners, L.P. ("Suburban Propane") is a publicly traded master limited partnership listed on the New York Stock Exchange. Headquartered in Whippany, New Jersey, Suburban Propane has been in the customer service business since 1928 and is a nationwide distributor of propane, renewable propane, renewable natural gas ("RNG"), fuel oil and related products and services, as well as a marketer of natural gas and electricity and producer of and investor in low carbon fuel alternatives, servicing the energy needs of approximately 1 million residential, commercial, governmental, industrial and agricultural customers through approximately 700 locations across 42 states. Suburban Propane is supported by three core pillars: (1) Suburban Commitment – showcasing Suburban Propane's over 95-year legacy, and ongoing commitment to the highest standards for dependability, flexibility, and reliability that underscores Suburban Propane's commitment to excellence in customer service; (2) SuburbanCares – highlighting continued dedication to giving back to local communities across Suburban Propane's national footprint; and (3) Go Green with Suburban Propane – promoting the clean burning and versatile nature of propane and renewable propane as a bridge to a green energy future and investing in the next generation of innovative, renewable energy alternatives. For additional information on Suburban Propane, please visit www.suburbanpropane.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/suburban-propane-partners-lp-announces-executive-level-promotion-302306595.html

SOURCE Suburban Propane Partners, L.P.

FAQ

When will Steven C. Boyd retire as COO of Suburban Propane (SPH)?

Steven C. Boyd will retire as Chief Operating Officer of Suburban Propane (SPH) effective January 1, 2025.

Who will replace Steven C. Boyd at Suburban Propane (SPH)?

Alejandro ('Alex') Centeno has been promoted to Senior Vice President – Operations at Suburban Propane (SPH) to succeed Steven C. Boyd.

How long has Alex Centeno been with Suburban Propane (SPH)?

Alex Centeno has been with Suburban Propane (SPH) for over 15 years, most recently serving as Vice President – Operations since August 2023.

Suburban Propane Partners L P

NYSE:SPH

SPH Rankings

SPH Latest News

SPH Stock Data

1.14B
58.67M
2.26%
36.59%
1.28%
Utilities - Regulated Gas
Retail-miscellaneous Retail
Link
United States of America
WIPPANY