Adams Resources & Energy Inc. Announces Management Changes
February 26, 2015 at 02:59 pm EST
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On February 24, 2015, Frank T. Chip Webster, the President, Chief Executive Officer and Chief Operating Officer of Adams Resources & Energy Inc. informed the Board of Directors of the company of his decision to retire from his positions as President, Chief Executive Officer, and Chief Operating Officer of the Company. Mr. Webster will remain a director of the Company until at least the Company's next Annual Meeting of Shareholders. In light of Mr. Webster's retirement, the Company's Board of Directors elected Mr. Thomas S. Smith, age 63, to serve as the Company's President, Chief Executive Officer and Chief Operating Officer effective February 24, 2015.
Mr. Smith has served as Chairman of the Board of the Company since December 2013. Mr. Smith has served as the President and Chief Executive Officer of KSA Industries Inc.
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. 
