Genesis Energy Says President and COO to Resign; Shares Up 1%

Genesis Energy, L.P. (GEL), a diversified midstream energy master limited partnership, said Monday that its president and chief operating officer, Steve Nathanson, will be resigning from those positions effective April 30, 2014 to spend additional time with his family, church and community affairs in Louisiana and Mississippi.

Nathanson has agreed to serve in an advisory capacity for the next three years to ensure a smooth transition and the completion of several major projects.

Shares are up 1.31% at $54.98, with a 52-week range of $44.55 – $56.80.

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