Houston, Texas - August 15, 2013 - Hi-Crush Partners LP (NYSE: HCLP), or Hi-Crush, today announced the appointment of Mr. John Kevin Poorman to Hi-Crush's Board of Directors. The election of Mr. Poorman brings the number of Directors to nine members. Mr. Poorman will also serve on the Audit and Conflicts Committees.
Commenting on this appointment, Bob Rasmus, Co-Chief Executive Officer of Hi-Crush said, "We are delighted to have someone with John's experience managing growth investments join our Board of Directors. He has a solid track record for value creation and prudent investment that will help provide strategic direction and additional expertise to both our well-rounded Board of Directors and Hi-Crush unitholders."
Mr. Poorman is currently the Chief Executive Officer of Pritzker Realty Group, LLC and its affiliate, PSP Capital Partners, L.L.C., Chicago-based investment advisory firms. In addition, he is the Executive Chairman of Vi Senior Living.
In addition to his responsibilities at Pritzker Realty Group, LLC and PSP Capital Partners, Mr. Poorman is the Chairman of the Board of Trustees of the Loyola University of New Orleans and serves as a director of The New Orleans Jazz Orchestra.
Mr. Poorman holds both Bachelor of Science and Juris Doctor degrees from the University of Oklahoma.
Hi-Crush is an integrated producer, transporter, marketer and distributor of high-quality monocrystalline sand, a specialized mineral that is used as a "proppant" (frac sand) to enhance the recovery rates of hydrocarbons from oil and natural gas wells. Our reserves, which are located in Wyeville, Wisconsin, consist of "Northern White" sand, a resource that exists predominately in Wisconsin and limited portions of the upper Midwest region of the United States. Hi-Crush owns and operates the largest distribution network in the Marcellus and Utica shales, and has distribution capabilities throughout North America. For more information, visit www.hicrushpartners.com.