Suburban Propane promotes executive to lead renewable energy division

Suburban Propane Partners, L.P. (NYSE: SPH) announced the promotion of M. Douglas Dagan to Senior Vice President – Renewable Energy, a newly created position within the company's organizational structure.

In his new role, Dagan will oversee the development and execution of strategic growth plans for Suburban Propane's renewable energy platform through its subsidiary, Suburban Renewable Energy, LLC. He will also manage operations of the company's renewable energy assets.

"This well-deserved promotion aligns with our long-term strategy to build and grow a renewable energy platform," said Michael A. Stivala, Suburban Propane's President and Chief Executive Officer. "By combining our strategic and corporate development activities with the day-to-day operations of the renewable energy assets under one senior leader, we will ensure that strategic priorities are translated seamlessly into operational execution."

Suburban Renewable Energy operates three anaerobic digester facilities that produce renewable natural gas, located in Stanfield, Arizona; Columbus, Ohio; and Upstate New York. The platform includes investments in Oberon Fuels, which produces ultra-low-carbon fuels and renewable dimethyl ether, and Independence Hydrogen, which develops hydrogen production and distribution networks.

Suburban Propane Partners, L.P. is a master limited partnership headquartered in Whippany, New Jersey. The company distributes propane, renewable propane, renewable natural gas, fuel oil and related products through approximately 750 locations across 42 states, serving approximately 1 million customers.

The information is based on a company press release.

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