Rentech Inc. announced Dec. 10 that D. Hunt Ramsbottom has resigned as CEO and president of Rentech and CEO of the general partner of Rentech Nitrogen Partners LP to pursue other opportunities. Ramsbottom has also resigned as a member of the board of directors for both companies.
Keith Forman, a member of Rentech Nitrogen’s board since October 2011, has been appointed as CEO and president of Rentech and CEO of the general partner of Rentech Nitrogen. He has also joined the board of Rentech. Rentech says Forman has an extensive background in master limited partnerships (MLPs) and has worked with MLPs in a variety of roles, including as a banker, a senior executive, and a director since the inception of MLPs in the 1980s. Forman previously served as chief financial officer of Crestwood Midstream Partners LP, a private investment partnership focused on making equity investments in the midstream energy market. He also served as senior vice president for El Paso Corp., a publicly traded provider of natural gas services, and chief financial officer of GulfTerra Energy Partners LP, a publicly traded MLP acquired by Enterprise Products Partners LP. He currently serves on the board of Capital Product Partners LP, a publicly traded shipping MLP.
“The board of directors thanks Hunt for his leadership over the past nine years. Hunt spearheaded many successful transitional phases of the company, including the initial public offering of Rentech Nitrogen, the wind-down of the company’s alternative energy business and entry into the wood fiber business,” said Halbert Washburn, chairman of the board of directors.