StoneMor Partners L.P. Announces New CFO, Treasurer and Secretary

As part of its planned management succession program, StoneMor Partners L.P.

announced that Timothy K. Yost, formerly Vice President – Financial Reporting and Investor Relations, has been promoted to Chief Financial Officer and Secretary and Paul Waimberg, currently Vice-President – Finance and Corporate Development, will also be its Treasurer. William R. Shane, one of StoneMor's co-founders and current Chief Financial Officer, has elected to retire from his current full-time management duties, but will continue to serve as a director of the company, and has agreed to assume the role of Vice Chairman of the Board of Directors. Lawrence Miller, StoneMor's President and CEO, stated: "We are delighted with the promotion of long-time employees Tim Yost and Paul Waimberg to their new roles here at the company. I also want to thank my co-founder and long-time partner, Bill Shane, for his dedication and tremendous contributions to the company. I'm pleased that he has agreed to stay on as Vice Chairman to aid in the continuing development of the business."