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Oil & Gas Companies: TPC Group Seeks CEO

September 21, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — TPC Group (NASDAQ: TPCG) said that Charles W. Shaver, the firm’s president and CEO, has indicated his intent to retire from his roles at the company, and that his intent has been reflected in an amended employment agreement with the company. The company's board of directors has formed a search committee to identify Shaver's successor.

According to TPC, Shaver is expected to continue to serve as president and CEO and as a member of the board of directors until the earlier of December 31, 2011 or the naming of his successor.  

Texas-based TPC Group is a producer of value-added products derived from niche petrochemical raw materials such as C4 hydrocarbons.

The company sells its products into a range of performance, specialty and intermediate markets, including synthetic rubber, fuels, lubricant additives, plastics and surfactants.

TPC has manufacturing facilities in the industrial corridor adjacent to the Houston Ship Channel, Port Neches and Baytown, Texas and operates a product terminal in Lake Charles, Louisiana.

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