– USA, KA – Tortoise Capital Advisors, adviser for seven closed-end funds, today announced that Rand Berney will join its closed-end fund board of directors on Jan. 1, 2014.
Rand Berney will join independent board members Conrad Ciccotello, Charles Heath and John Graham as well as board members H. Kevin Birzer, chairman of Tortoise’s closed-end funds and senior managing director of Tortoise, and Terry Matlack, chief executive officer of Tortoise’s closed-end funds and managing director of Tortoise.
“Rand brings a tremendous amount of Fortune 500 energy industry, corporate and financial experience to the board,” stated Kevin Birzer.”This unique perspective will provide our stockholders with a complementary knowledge base and skill set in directing the funds. We are delighted to have him join the board.” Mr. Berney held several leadership positions during his 35-year career in energy, serving 20 years in corporate officer positions with ConocoPhillips, one of the world’s largest energy companies. During his tenure, he also was deeply involved with its corporate board, including during the merger of Conoco Inc. and Phillips Petroleum Co. in 2002. His experience at ConocoPhillips included serving as senior vice president of corporate shared services, vice president and controller, and general auditor. He currently is an executive in residence and professor at Kansas State University’s College of Business Administration.
Mr. Berney earned a Master’s in Business Administration from Oklahoma State University and a Bachelor of Science in accounting from Kansas State University. He is a member of the Oklahoma Society of CPAs, the Financial Executive Institute, American Institute of Certified Public Accountants, the Institute of Internal Auditors and the Institute of Management Accountants.
About Tortoise Capital Advisors, L.L.C
Tortoise Capital Advisors, L.L.C. is an investment manager specializing in listed energy investments. As of Nov. 30, 2013, the adviser had approximately $13.7 billion of assets under management in NYSE-listed closed-end investment companies, open-end funds and other accounts. Tortoise serves as the investment adviser for seven closed-end funds: Tortoise Energy Infrastructure Corp. (TYG), Tortoise Energy Capital Corp. (TYY), Tortoise North American Energy Corp. (TYN), Tortoise MLP Fund (NTG), Tortoise Pipeline & Energy Fund (TTP), Tortoise Energy Independence Fund (NDP) and Tortoise Power & Energy Infrastructure Fund (TPZ).
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