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Alyeska CEO sets retirement date

ANCHORAGE, AK - Kevin Hostler, President and Chief Executive Officer of Alyeska Pipeline, has announced that he will retire September 30, 2010.

Hostler previously told employees he planned to leave the company by the end of 2010.

Members of the Trans Alaska Pipeline System Owner Committee will select a new CEO. If a new CEO isn't in place before Sept. 30, the Owner Committee will likely appoint an Acting President and CEO in the interim.

Hostler-200x150.jpg"Retiring at the end of September is good for the pipeline, and it allows enough time for a proper transition," Hostler said. "Our executive team and other Alyeska leaders have worked toward developing leadership skills so that any transition in the organization is seamless. I'm proud of the many achievements and improvements we have seen on TAPS since I came on board in 2005, and I'm confident that the new CEO will continue to work to prepare Alyeska for a strong future."

Hostler is the ninth executive to lead Alyeska. Before joining Alyeska, Hostler served as Senior Vice President for BP's global human resources organization. His 33-year career in oil and gas primarily focused on operations and production, including significant leadership roles in BP across the Lower 48, England, Scotland and Colombia.

During Hostler's tenure at Alyeska, Alyeska earned industry honors such as the American Petroleum Institute's Pipeline Environmental Performance Award and the Distinguished Operator Award. Employees on the Trans Alaska Pipeline System also improved safety performance. The OSHA recordable injury rate trended downward, meaning fewer TAPS employees were hurt on the job. TAPS also reached a considerable milestone by working a year - or about 5 million man hours - without any worker injury resulting in days away from work. That is the first time in TAPS' history that this occurred.

Significant projects during Hostler's tenure included the automation and electrification upgrade for the TAPS system; upgrades to the Ballast Water Treatment Facility at the Valdez Marine Terminal; and an ongoing study of challenges associated with low throughput. Hostler also focused on preparing TAPS for future operations by emphasizing succession planning, establishing learning and development programs, and creating a Future Strategy Team.

Hostler plans to retire to Texas with his wife and spend time with his children and grandchildren.


About Alyeska
Alyeska operates the 800-mile Trans Alaska Pipeline System (TAPS), which runs from Prudhoe Bay on the North Slope south to the Port of Valdez, the northernmost ice-free port in the United States. The pipeline crosses three mountain ranges and 34 major rivers and streams. Alyeska operates out of Anchorage, Fairbanks and Valdez and at various facilities along the line. Alyeska was created to construct, operate, and maintain TAPS for the owner companies. The current TAPS owners are BP Pipelines (Alaska), ConocoPhillips Transportation Alaska Inc., ExxonMobil Pipeline Company, Unocal Pipeline Company Inc., and Koch Alaska Pipeline Company LLC.

For more information, visit www.alyeska-pipe.com, or follow Alyeska on Facebook or on Twitter at www.twitter.com/AlyeskaPipeline.

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