Suburban Propane Partners appoints board chairman

Suburban Propane Partners’ board of supervisors chose Matthew J. Chanin as its new chairman, effective Jan. 1, 2021.

Chanin has served on the partnership’s board of supervisors since November 2012. From 1996 until his retirement in January 2012, he was senior managing director of Prudential Investment Management, a subsidiary of Prudential Financial Inc., after which he continued to provide consulting services to Prudential until December 2016.

Chanin has earned an MBA, is a chartered financial analyst and has 35 years of investment experience with a focus on highly structured private placements in companies in a broad range of industries, with a particular focus on energy companies. He has previously served on the audit committee of a public company board and the compensation committee for a private company board, as well as on the audit, compensation and nominating/governance committees of the partnership.

Harold R. Logan Jr., the current chairman, is an original member of the board since the partnership’s initial public offering in 1996, and he will continue to serve in the capacity as supervisor of the board of supervisors, and remain a member of the nominating/governance and compensation committees. Logan made the decision to relinquish the role in order to facilitate an effective transition of leadership on the board.

“I want to thank and congratulate Hal for the past 14 years of service as chairman of the board,” says Michael Stivala, Suburban Propane president and CEO. “Hal has been a tremendous leader for the partnership who has shared a wealth of business experience in the energy industry to help guide and advise the board and executive management through periods of transformative growth of the partnership. Hal has led the board with integrity and always with the partnership’s best interests in mind.”

“It has been my great honor to serve as the partnership’s chairman, and I am incredibly proud of our many accomplishments over the past decade and a half,” Logan says.

In announcing Chanin’s appointment, Logan says, “Matt Chanin has been a great asset to this board since joining in November 2012, and he brings many years of industry and investment experience to his new position as chairman. His thoughtful leadership will serve the partnership well as it continues to embark on the next phase of strategic growth.”

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