Genesis Energy announces resignation of COO Genesis Energy announced that its president and COO, Steve Nathanson, has provided notice that he intends to resign those positions effective April 30 to spend additional time with his family, church and community affairs in Louisiana and Mississippi. He has agreed to serve in an advisory capacity for the next three years to ensure a smooth transition and the completion of several major projects.
Genesis Energy raises quarterly dividend 10.9% to 61c Genesis Energy announced that it will pay a regular quarterly distribution of 61c per common unit for the quarter ended March 31. The distribution will be paid on May 15 to holders at the close of business on May 1. This distribution represents an increase of approximately 10.9% over 1Q14 quarterly distribution of 55c per unit, and an approximate 2.5% increase over the distribution paid with respect to 4Q14.