VEH Valero GP Hldgs Llc

Valero GP Holdings, LLC (NYSE:VEH) announced today the election of accountant William B. "Bill" Burnett to its board of directors. "We're very pleased that Bill Burnett is joining the board," said Valero GP Holdings Chairman Bill Greehey. "He has a vast background in public accounting and has been very active in the community for a long time. He's a great addition to the board." Burnett, 56, is chief financial officer and a board member of Lucifer Lighting Co., a San Antonio-based manufacturer of low-voltage architectural lighting products. He retired from Arthur Andersen as a partner in 2001 after 29 years of service, including division head responsibilities in the San Antonio office. He remains active as a certified public accountant, and he has served on numerous civic boards and commissions, including the boards of directors at the North San Antonio Chamber of Commerce, the St. Mary's University Forum on Entrepreneurship and the Boy Scouts of America Alamo Council. Burnett becomes the third board member of Valero GP Holdings, joining Greehey and former Valero Energy Corporation Executive Vice President and General Counsel Stan McLelland, who joined the Valero G. Holdings on July 19 when its initial public offering of shares closed. Valero GP Holdings is a holding company that owns the general partner of Valero L.P. McLelland, 60, also sits on the board of Valero L.P. After leaving Valero Energy, McLelland served as ambassador to Jamaica from January 1998 to March 2001. He previously was a lawyer with the Baker Botts law firm in Houston, and had his own law firm in Austin. He is active in civic and charitable organizations, including the Council of American Ambassadors, the Texas Bar Foundation and the KLRN Board of Directors. About Valero GP Holdings: Valero GP Holdings, LLC owns the general partner of and a 21.4 percent limited partner interest in Valero L.P. A publicly traded limited partnership based in San Antonio, Valero L.P. operates independent terminals and petroleum liquids pipeline systems in the United States and also operates terminals in the Netherlands Antilles, Canada, Mexico, the Netherlands and the United Kingdom. The partnership's assets include 9,243 miles of pipeline, 88 terminal facilities and 60 crude oil storage tanks with an aggregate storage capacity of approximately 77 million barrels. For more information on Valero L.P., please visit www.valerolp.com. For more information on Valero GP Holdings, LLC, please visit www.valerogpholdings.com.