Enterprise Announces Board of General Partner
April 24 2014 - 8:00AM
Business Wire
Enterprise Products Partners L.P. (“Enterprise”) (NYSE: EPD)
today announced the election of the board of directors for its
general partner. The board is made up of nine members, five of whom
are independent, non-management directors, in accordance with the
New York Stock Exchange listing standards.
The independent, non-management directors are Thurmon M.
Andress, E. William Barnett, James T. Hackett, Charles E. McMahen
and Richard S. Snell. Directors who are members of management or
are otherwise affiliated with Enterprise’s general partner are
Randa Duncan Williams, Michael A. Creel, A. James Teague and W.
Randall Fowler. Ms. Williams will continue to serve as chairman of
the board. Larry J. Casey and Edwin E. Smith will serve as advisory
directors, and O. S. “Dub” Andras will continue to serve as an
honorary director.
New to the board is Mr. Hackett, who served as Executive
Chairman of the board of directors of Anadarko Petroleum
Corporation, one of the world's largest independent oil and natural
gas exploration and production companies, from 2012 to 2013 after
serving as Chief Executive Officer from 2003 to 2012 and Chairman
of the Board from 2006 to 2012. He also served as Anadarko's
President from 2003 to 2010. Mr. Hackett is a partner with
Riverstone Holdings LLC (a private energy investment firm) and a
director of Cameron International Corporation, Fluor Corporation
and Bunge Ltd. He also serves on the board of a closed investment
fund traded on the London Stock Exchange called Riverstone Energy
Ltd. Mr. Hackett is a former director of Halliburton Company and
the former Chairman of the Board of the Federal Reserve Bank of
Dallas. He is Chairman of the National Petroleum Council, a member
of the Society of Petroleum Engineers and Chairman of the Baylor
College of Medicine Board of Trustees. Mr. Hackett is also a former
adjunct Professor of Finance at Rice University.
Members of the Audit and Conflicts Committee of the board are
Mr. McMahen (chair), Mr. Andress and Mr. Snell. Members of the
Governance Committee of the board are Mr. Barnett (chair), Mr.
Hackett and Ms. Williams.
This board election and the new designation of committee members
were effective today.
Enterprise Products Partners L.P. is one of the largest publicly
traded partnerships and a leading North American provider of
midstream energy services to producers and consumers of natural
gas, NGLs, crude oil, refined products and petrochemicals. Our
services include: natural gas gathering, treating, processing,
transportation and storage; NGL transportation, fractionation,
storage and import and export terminals (including LPG); crude oil
and refined products transportation, storage and terminals;
offshore production platforms; petrochemical transportation and
services; and a marine transportation business that operates
primarily on the United States inland and Intracoastal Waterway
systems and in the Gulf of Mexico. The partnership’s assets include
approximately 51,000 miles of onshore and offshore pipelines; 200
million barrels of storage capacity for NGLs, crude oil, refined
products and petrochemicals; and 14 billion cubic feet of natural
gas storage capacity. Additional information regarding Enterprise
can be found on its website, www.enterpriseproducts.com.
Enterprise Products Partners L.P.Randy Burkhalter, (713)
381-6812 or (866) 230-0745Investor RelationsorRick Rainey, (713)
381-3635Media Relations
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