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Alliance Resource Partners, L.P. Announces Formation of New Ventures Team Led by Andrew Woodward and Matthew Lewis
TULSA, Okla.--(BUSINESS WIRE)-- Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced the formation of a new ventures team to lead its efforts to
About this update from Alliance Resource Partners, L.p.
[{"type":"text","content":" TULSA, Okla.--(BUSINESS WIRE)--\nAlliance Resource Partners, L.P. (NASDAQ: ARLP) today announced the formation of a new ventures team to lead its efforts to position ARLP as an energy provider for the future by utilizing its strong cash flows and leveraging its core technology and operating competencies to make strategic investments in the fast-growing energy and infrastructure transition. The new ventures team, led by Andrew Woodward, Senior Vice President, and Matthew Lewis, Vice President, will have the primary responsibility of identifying, developing and executing on new commercial opportunities beyond ARLP’s existing business units to serve the growing demand for emerging energy and infrastructure transition needs.\n\n\"I am pleased to welcome Andy and Matt to the Alliance team as we continue to pursue opportunities in a rapidly growing and evolving energy and infrastructure market,\" said Joseph W. Craft III, Chairman, President and Chief Executive Officer. \"They are both respected leaders in the industry with proven success working together, and each brings a breadth of knowledge, experience and expertise to ARLP. I look forward to working closely with the team as we remain disciplined and focused on delivering attractive returns to our unitholders over the long-term.\"\n\n\"These are exciting times for the sector and for ARLP,\" said Mr. Woodward. \"We are thrilled to join a well-respected and proven team that has put Alliance in a strong and attractive position financially and operationally to pursue investment opportunities within these new areas.\"\n\nMr. Woodward most recently served as Chief Executive Officer of Blueknight Energy Partners, L.P. (NASDAQ: BKEP/BKEPP) where he led the partnership’s strategy, commercial activities and a successful sale of the business in August 2022. He was responsible for leading a substantial improvement in Blueknight’s strategic and financial position during his tenure. Prior to Blueknight, Mr. Woodward was appointed principal financial officer and Vice President, Finance and Treasurer of Andeavor Logistics, L.P. (NYSE: ANDX). Prior to this appointment, Mr. Woodward held various positions in corporate development, finance and investor relations at Andeavor (NYSE: ANDV), now Marathon Petroleum Corp. (NYSE: MPC). Before joining Andeavor, he served as Vice President at RBC Capital Ma...