Frank T. “Chip” Webster Intends to Retire as a Director of Adams Resources & Energy Inc
December 04, 2015 at 11:33 am EST
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On December 3, 2015, Frank T. “Chip” Webster, Director and former President, former Chief Executive Officer and former Chief Operating Officer of Adams Resources & Energy Inc., informed the Board of Directors of the company of his decision to retire from his position as a director. Mr. Webster's retirement as a director was consistent with his retirement as an employee of the company on February 24, 2015. Due to his former employment with the company, Mr. Webster was not considered as an independent director.
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. 
