NuStar CEO to retire at year's end, general counsel to replace him


NuStar (NS +3.1%) CEO Curt Anastasio, 56, plans to retire at year's end. EVP/general counsel Brad Barron will replace him. (PR)

Anastasio has been NuStar's CEO since 2001. the year the oil terminal/pipeline owner went public. Shares performed quite well over the first six years of his tenure, but haven't done as well over the last six.

NuStar has gradually rallied today, and is close to its 52-week high of $54.95.

Comments (2)
  • kgerickson
    , contributor
    Comments (477) | Send Message
     
    I've owned this stock on and off over the years. Talk about underperforming the group. "Retiring" at 56.... he should return all of his compensation. Replaced by "general counsel"..... god help anyone still in this stock. I know they recently announced that the dividend would be covered in "2 years". Get out when the momentum falters.
    27 Nov 2013, 03:53 PM Reply Like
  • toomuchgas
    , contributor
    Comments (1029) | Send Message
     
    Guess the market likes the change. Stock has been good to me but I bought lower when dividend cut looked possible. It has outperformed in the last few months. Distribution should be covered next year in 2014 and no dividend cut.
    27 Nov 2013, 06:19 PM Reply Like
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