CVR Partners Names Randal Maffett as Executive Vice President of Business Development

CVR Partners, LP, a master limited partnership and manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer products, announced that Randal Maffett has been named as executive vice president of business development for the partnership's general partner, CVR GP, LLC.

Based at CVR Partners' headquarters in Sugar Land, Texas, Maffett is responsible for developing the company's corporate strategies and new business opportunities, as well as managing mergers and acquisitions.

Maffett reports to Byron Kelley, president and chief executive officer of CVR GP.

"Randy's extensive background in pursuing growth and other business opportunities in the energy industry is a great fit for CVR Partners," said Kelley. "Our objective is to grow the company, and his broad development experience will be a great complement to our management team." Maffett has more than 30 years of experience in the energy industry, most recently serving as president and chief executive officer of Sendero Capital Partners, Inc., a private equity firm in Kingwood, Texas, that operates and invests in assets and companies in various sectors of the energy industry.

From 2002 to 2004, Maffett was vice president of corporate development for RWE Trading Americas Inc., an international energy trading company based in Houston.

Prior to RWE Trading Americas, Maffett served in progressive management positions for Enron Corp., such as vice president for Enron International, Enron Global Markets and Enron North America.

Maffett received a bachelor's degree in petroleum engineering from Louisiana State University.