Suburban Propane Partners Elevates Alex Centeno to Senior VP

Suburban Propane Partners Announces Key Executive Promotion

Suburban Propane Partners, L.P. (NYSE: SPH), a prominent nationwide distributor offering propane, renewable propane, renewable natural gas, fuel oil, and related products, is excited to share a significant leadership change within its ranks. Alejandro ("Alex") Centeno has been recently promoted to Senior Vice President – Operations. This decision comes as the company embraces a planned management succession strategy that highlights its commitment to growth and leadership development.

Leadership Transition as Steve Boyd Retires

This announcement follows the impending retirement of the Partnership's Chief Operating Officer, Steven C. Boyd, effective January 1, 2025. Steve's illustrious career with Suburban Propane, spanning nearly four decades, has seen him in various pivotal roles, including his last position as COO. His legacy within the company is underscored by a commitment to excellence and exceptional leadership.

Introducing Alejandro Centeno

In his new role, Mr. Centeno will take over the chief operations responsibilities, reporting directly to Michael A. Stivala, President and Chief Executive Officer of Suburban Propane. Alejandro Centeno is no stranger to the company, having been a dedicated team member for over 15 years. His journey through various managerial roles culminated in his recent promotion to Vice President – Operations in August 2023. This intimate knowledge of the company and its operations positions him ideally to lead the organization forward.

Strategic Growth and Operational Efficiency

As Senior Vice President, Mr. Centeno will concentrate on enhancing the operational performance of the propane business, aiming to strengthen customer acquisition and retention efforts. His agenda includes driving operational efficiencies across the organization and ensuring that all support functions, such as safety, marketing, and fleet management, operate seamlessly to meet customer needs. The emphasis on operational excellence aligns with Suburban Propane's long-term objectives.

Vision for the Future

In announcing Mr. Centeno's promotion, Mr. Stivala expressed pride in recognizing Alex's extensive expertise and strategic insights that align with the company's vision for sustainable growth. He acknowledged Alex's adept ability to drive improvements and innovate within the operations framework, which is critical as the company looks to expand its market share while continuing to prioritize safety and service quality.

Acknowledging Steve Boyd's Contributions

Mr. Stivala offered heartfelt gratitude to Steve Boyd for his contributions to the company, highlighting that Steve's career has been characterized by dedication and leadership over the past 39 years. Starting as a delivery driver, his progression through various leadership roles showcases a remarkable journey within Suburban Propane, laying a strong foundation for the organization's future.

About Suburban Propane Partners, L.P.

Suburban Propane Partners, L.P. is a publicly traded master limited partnership listed on the New York Stock Exchange. With a storied history dating back to 1928, Suburban Propane is dedicated to providing exceptional service to approximately 1 million residential, commercial, governmental, industrial, and agricultural customers across the United States through an extensive network of 700 locations in 42 states. They pride themselves on their core commitments: maintaining the highest standards of dependability, giving back to local communities, and promoting cleaner energy solutions.

Frequently Asked Questions

What is the recent executive promotion at Suburban Propane?

Alejandro Centeno has been promoted to Senior Vice President – Operations to succeed Steve Boyd, who is retiring.

What are the main responsibilities of Alejandro Centeno in his new role?

He will lead daily operations, focus on customer growth and retention, and drive operational efficiencies for the propane business.

Who is the President and CEO of Suburban Propane Partners?

Michael A. Stivala serves as the President and Chief Executive Officer of Suburban Propane Partners, L.P.

How long has Alejandro Centeno worked with Suburban Propane?

Mr. Centeno has been with the company for over 15 years in various managerial positions.

What is Suburban Propane's market focus?

Suburban Propane focuses on distributing propane and related energy products while committing to customer service excellence and community support.

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