Some changes in management were part of the reorganization. Long time chief executive officer Forrest Wylie is stepping down and will serve as a non-executive chairman of the Buckeye board. While he will be active in determining the company’s strategic vision, his duties as CEO will be taken over by Clark Smith. Smith has been president of Buckeye and will continue in that role as well.

The three business units are:

Domestic Pipelines and Terminals – – Robert Malecky will become president of this new unit, but will also retain his title as senior vice president of Buckeye. Malecky will be responsible for expanding Buckeye’s position in core midstream businesses within the U.S. The company has been an active consolidator in this segment, purchasing products’ terminals from BP, Chevron, and ExxonMobil among others.

Buckeye Services – – will be led by Jeremiah Ashcroft III, who will be president of the new unit but also retain a senior vice president position in the larger company. Ashcroft will be responsible for expanding Buckeye’s position in core midstream businesses within the U.S. The move by Buckeye into wholesale marketing has been a controversial one. In addition to storing and shipping fuel, Buckeye now independently markets light products in the southeast, upper Midwest, and in select northeastern markets.

International Pipelines and Terminals – – Mary Morgan will be president of this business unit. Morgan will join Buckeye, effective January 23, and comes with experience gathered at NuStar, Kinder Morgan, Santa Fe Pacific Pipelines, and Exxon. Buckeye has expanded ambitiously abroad, buying the huge BORCO storage facility in the Bahamas as well as a terminal in Puerto Rico.

The three new presidents will all report to Mr. Smith. Each president will have operational and financial responsibility for one or more of their business units.