USD Partners LP (USDP) Announce CFO Transition

USD Partners LP (OTC: USDP) (the “Partnership”) and US Development Group, LLC (“USD Group”), which owns the general partner of the partnership, announced today that Adam Altsuler, the Partnership’s and USD Group’s Executive Vice President, Chief Financial Officer, has resigned his position effective February 2, 2024, in order to pursue other opportunities.

The Partnership and USD Group also announced that Kyle Schornick, USD Group’s Vice President, Finance will be promoted to Senior Vice President, Chief Financial Officer of both the Partnership and USD Group, and Amanda Wendell, USD Group’s Vice, President, Accounting and Controller, will be promoted to Senior Vice President, Chief Accounting Officer of both the Partnership and USD Group.

Concurrent with his departure, Mr. Altsuler has been appointed to the Board of Directors of USD Group and will remain deeply involved in USD Group’s and the Partnership’s business going forward. Mr. Altsuler’s continued involvement through the USD Group Board of Directors, together with Mr. Schornick’s and Ms. Wendell’s many years of experience in leadership roles within the finance and accounting organizations of USD Group, will continue to benefit the Partnership and USD Group during this transition.

Dan Borgen, USD Group’s and the Partnership’s Chief Executive Officer and President, said, “On behalf of the Boards of Directors of both USD Group and the Partnership’s general partner, I want to thank Adam for his many contributions during his more than 10-year tenure at USD. We are excited that he will remain a part of the USD Group family and look forward to his contributions to the USD Group Board of Directors. We are also fortunate to have a deep bench of talent in our finance and accounting groups that allows us to be able to immediately promote Kyle and Amanda to fill the Chief Financial Officer and Chief Accounting Officer roles.”

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