Adams Resources & Energy, Inc. Announces Executive Changes
June 11, 2018 at 04:03 pm EDT
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Adams Resources & Energy, Inc. announced the election of Tracy E. Ohmart as Executive Vice President, Chief Financial Officer and Treasurer of the company effective June 18, 2018. Mr. Ohmart will replace Sharon C. Davis in her roles as interim Chief Financial Officer and Treasurer of the company. Ms. Davis will continue in her positions as Executive Vice President, Chief Operating Officer and Chief Accounting Officer of the company.
Mr. Ohmart has spent his career in accounting and management in the upstream and midstream segments of the energy industry, most recently with Horn Solutions, Inc., and prior to that as Vice President and Chief Financial Officer of United Bulk Terminals USA, Inc. from 2012 to 2016. He was Assistant Controller for Southwestern Energy Company from 2010 to 2012, and from 1989 to 2009 he held various accounting, finance, management and special projects positions with increasing responsibilities with EPCO, Inc., TEPPCO Partners, L.P. and ARCO Pipe Line Company.
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.