Energy Transfer Announces Executive Appointments
November 09 2015 - 9:15AM
Business Wire
Energy Transfer Equity, L.P. (NYSE: ETE) and Energy Transfer
Partners, L.P. (NYSE: ETP) announced that effective today, Marshall
(Mackie) S. McCrea, formerly President and Chief Operating Officer
of ETP, has been promoted to Group Chief Operating Officer and
Chief Commercial Officer for ETE. Also effective today is the
appointment of long-time ETE board member, Matthew S. Ramsey as
President and Chief Operating Officer of ETP.
In his new role, Mr. McCrea, who has been instrumental in ETP’s
success, is responsible for the oversight and development of all
commercial and strategic opportunities for the entire family of
midstream partnerships. Prior to his appointment as ETP president
in 2008, McCrea held a number of senior management positions within
the partnership including President of Energy Transfer Company, a
subsidiary of ETP, and Senior Vice President of business
development. McCrea began his career in the energy industry in
1983.
Mr. Ramsey, who has more than 35 years of experience in the
energy industry, has served on the board of directors of ETE since
2012 and as Chairman of the board of Energy Transfer-owned Sunoco
LP (NYSE: SUN) since 2014. He now leads ETP’s commercial activities
along with the operations, engineering, construction, and
compression business segments, all of which will benefit from his
track record of building and managing successful companies and his
extensive knowledge of the Energy Transfer family. Prior to joining
ETP, Ramsey served as president of Houston-based RPM Exploration
Ltd., a private oil and gas exploration partnership.
Energy Transfer Equity, L.P. (NYSE: ETE) is a
master limited partnership which owns the general partner and 100%
of the incentive distribution rights (IDRs) of Energy Transfer
Partners, L.P. (NYSE: ETP) and Sunoco LP(NYSE: SUN) and
approximately 2.6 million ETP Common Units, approximately 81.0
million ETP Class H Units, which track 90% of the underlying
economics of the general partner interest and the IDRs
of Sunoco Logistics Partners L.P. (NYSE: SXL), and 100
ETP Class I Units. On a consolidated basis, ETE’s family of
companies owns and operates approximately 71,000 miles of natural
gas, natural gas liquids, refined products, and crude oil
pipelines. For more information, visit the Energy Transfer
Equity, L.P. web site at www.energytransfer.com.
Energy Transfer Partners, L.P. (NYSE: ETP) is a
master limited partnership owning and operating one of the largest
and most diversified portfolios of energy assets in the United
States. ETP’s subsidiaries include Panhandle Eastern Pipe Line
Company, LP (the successor of Southern Union Company)
and Lone Star NGL LLC, which owns and operates natural gas
liquids storage, fractionation and transportation assets. In total,
ETP currently owns and operates more than 62,500 miles of natural
gas and natural gas liquids pipelines. ETP also owns the general
partner, 100% of the incentive distribution rights, and
approximately 67.1 million common units in Sunoco Logistics
Partners L.P. (NYSE: SXL), which operates a geographically
diverse portfolio of crude oil and refined products pipelines,
terminalling and crude oil acquisition and marketing assets.
Additionally, ETP owns fuel distribution and retail marketing
assets and approximately 50.8% of the limited partner interests
in Sunoco LP (formerly Susser Petroleum Partners LP)
(NYSE: SUN), a wholesale fuel distributor and convenience store
operator. ETP’s general partner is owned by Energy Transfer
Equity, L.P. (NYSE: ETE). For more information, visit
the Energy Transfer Partners, L.P. web site
at www.energytransfer.com.
Forward-Looking Statements
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject
to a variety of known and unknown risks, uncertainties, and other
factors that are difficult to predict and many of which are beyond
management’s control. An extensive list of factors that can affect
future results are discussed in the Partnership’s Annual Reports on
Form 10-K and other documents filed from time to time with
the Securities and Exchange Commission. The Partnership
undertakes no obligation to update or revise any forward-looking
statement to reflect new information or events.
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version on businesswire.com: http://www.businesswire.com/news/home/20151109005619/en/
Energy TransferInvestor Relations:Brent Ratliff,
214-981-0795orLyndsay Hannah, 214-840-5477orMedia Relations:Granado
Communications GroupVicki Granado, 214-599-8785Cell:
214-498-9272
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