Sunoco LP Announces Dylan Bramhall as Chief Financial Officer

Rhea-AI Summary

Sunoco LP (NYSE: SUN) has appointed Dylan Bramhall as Chief Financial Officer, effective immediately. Bramhall, with over 14 years of experience, previously served as Senior VP of Finance and Treasurer at Energy Transfer (NYSE: ET). His responsibilities included oversight of financial planning and risk management. President & CEO Joe Kim expressed confidence in Bramhall's ability to strengthen Sunoco’s financial foundation. Sunoco operates a broad distribution network and is a subsidiary of Energy Transfer, which emphasizes its substantial market presence in fuel distribution across over 30 states.

Positive

• Dylan Bramhall appointed as CFO, bringing extensive experience.
• Bramhall's previous role at Energy Transfer indicates strong financial expertise.
• Leadership transition expected to enhance financial stability.

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• None.

DALLAS, Oct. 28, 2020 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") today announced that Dylan Bramhall has been named as Chief Financial Officer effective immediately. He brings more than 14 years of industry experience to the position having served most recently as Senior Vice President of Finance and Treasurer for Dallas-based Energy Transfer (NYSE: ET). Sunoco is a subsidiary of Energy Transfer.

Bramhall joined Energy Transfer in 2015 as a result of its merger with Regency Energy Partners and has been responsible for oversight of the Partnership's Financial Planning and Analysis, Credit and Commodity Risk Management, Cash Management, and Capital Markets groups. He also serves as a member of Energy Transfer's Risk Oversight Committee and is on the board of directors for Permian Express Partners, a joint venture between Energy Transfer and Exxon Mobil, and SemCAMS, the Canadian business unit of Energy Transfer. While at Regency, Bramhall held management positions in the finance, risk, commercial and operations groups.

"We are very excited to have Dylan join Sunoco as our new CFO," said Joe Kim, President & Chief Executive Officer of Sunoco. "We have worked with Dylan for years in his role at Energy Transfer, and he has a proven record of accomplishments. His leadership and expertise will further enhance our strong financial foundation and better position us for the future."

Bramhall holds a Bachelor of Business Administration in Finance and a Master of Business Administration in Finance & Operations Management, both from the University of Iowa.

Sunoco LP (NYSE: SUN) is a master limited partnership with core operations that include the distribution of motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers and distributors located in more than 30 states as well as refined product transportation and terminalling assets. SUN's general partner is owned by Energy Transfer Operating, L.P., a wholly owned subsidiary of Energy Transfer LP (NYSE: ET).

Forward-Looking Statements
This news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. An extensive list of factors that can affect future results are discussed in the Partnership's Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission.  In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic and the recent decline in commodity prices, and we cannot predict the length and ultimate impact of those risks.  The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

The information contained in this press release is available on our website at www.SunocoLP.com

Contacts
Investors:

Scott Grischow, Vice President – Investor Relations and Treasury
(214) 840-5660, scott.grischow@sunoco.com

Derek Rabe, CFA, Manager – Investor Relations, Strategy and Growth
(214) 840-5553, derek.rabe@sunoco.com

Media:

Alexis Daniel, Manager – Communications
(214) 840-5886, mediarelations@sunoco.com

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SOURCE Sunoco LP

FAQ

Who is the new CFO of Sunoco LP?

Dylan Bramhall has been appointed as the new CFO of Sunoco LP.

What is Dylan Bramhall's previous experience before joining Sunoco?

He served as Senior VP of Finance and Treasurer at Energy Transfer.

What is the stock symbol for Sunoco LP?

The stock symbol for Sunoco LP is SUN.

Is Sunoco LP a subsidiary of Energy Transfer?

Yes, Sunoco LP is a subsidiary of Energy Transfer.

What will Dylan Bramhall's role focus on at Sunoco?

His role will focus on strengthening Sunoco's financial foundation.