Mullen Group Income Fund Co-CEO Steps Down

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Canadian transportation firm Mullen Group Income Fund鈥檚 co-chief executive officer, Pat Powell, tendered his resignation, the company said late Tuesday. Powell, who will remain a director, joined Mullen last June with the company鈥檚 merger with Producers Oilfield Services, where he held the positions of chairman and president.Powell鈥檚 responsibilities will be assumed immediately by Murray Mullen, chairman, and Stephen Lockwood, Co-CEO, Calgary, Alberta-based Mullen said.Mullen Group Income Fund is ranked No. 95 on the Transport Topics 100 list of U.S. and Canadian for-hire carriers.