Sunoco LP announced that Robert Bob W. Owens, president and chief executive officer has announced his intention to retire from the Partnership as of December 31, 2017, after more than 20 years with the company and its predecessors. Effective immediately, Joe Kim, who has been serving as executive vice president and chief development officer for Sunoco since 2015, has been appointed president and chief operating officer. Owens will continue as CEO until his retirement and will then serve as a consultant to the Partnership through 2019.

The company executives Cynthia Archer, executive vice president and chief marketing officer and Boyd Foster, executive vice president manufacturing and distribution are also retiring from the Partnership effective December 31, 2017. Additionally, the appointment of Joe as president and COO and Bob continuing as CEO through year-end will ensure an orderly transition as they move through the divestment of their retail operations. Kim has been responsible for the Partnership's strategic development and planning overseeing both business development and Sunoco's real estate portfolio.