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|Sunoco Announces Maness to Step Down as Executive Vice President and Assume New Role as Strategic Advisor|
|PHILADELPHIA, July 3, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Sunoco, Inc. (NYSE: SUN)
announced today that effective July 9, 2007, Joel H. Maness will be stepping
down as Executive Vice President, Refining & Supply. He will continue to be
employed by the Company on a part-time basis as Strategic Advisor on refining
and supply issues reporting directly to John G. Drosdick, Chairman, Chief
Executive Officer and President. Mr. Maness had expressed his desire to
spend more time with his family and on personal interests and this change will
enable him to do that.
Mr. Drosdick said, "We have benefited greatly from Joel's leadership and dedication over the past seven years. I am pleased that we have worked out an arrangement that will allow him more personal time while he remains available to us to continue providing his extraordinary industry knowledge and expertise in support of our long-term strategy."
In related actions, Michael J. Hennigan, Senior Vice President, Supply, Trading, Sales and Transportation and Vincent J. Kelley, Senior Vice President, Refining, each of whom currently report to Mr. Maness, will report directly to Mr. Drosdick.
Sunoco, Inc., headquartered in Philadelphia, PA, is a leading manufacturer and marketer of petroleum and petrochemical products. With 900,000 barrels per day of refining capacity, nearly 4,700 retail sites selling gasoline and convenience items, approximately 5,500 miles of crude oil and refined product owned and operated pipelines and 38 product terminals, Sunoco is one of the largest independent refiner-marketers in the United States. Sunoco is a significant manufacturer of petrochemicals with annual sales of approximately five billion pounds, largely chemical intermediates used to make fibers, plastics, film and resins. Utilizing a unique, patented technology, Sunoco also manufactures approximately 3.9 million tons annually of high-quality metallurgical-grade coke for use in the steel industry.
SOURCE Sunoco, Inc.
Jerry Davis of Sunoco, Inc., +1-215-977-6298
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