Buckeye Partners' General Partner Names Clark Smith New Chairman

(RTTNews) - Buckeye Partners, L.P. (BPL) said Thursday that the Board of Directors of Buckeye GP LLC has appointed Clark Smith to succeed Forrest Wylie as Chairman of the Board, effective August 5.

Smith, who has been Buckeye's President and Chief Executive Officer since February 2012, replaces Forrest Wylie, who is resigning after serving as Chairman for the past seven years. Wylie also served as Buckeye's Chief Executive Officer from June 2007 until February 2012.

The company also said that Frank Sowinski, a long-standing member of the Buckeye GP Board, has been appointed as Lead Independent Director, effective August 5.