Energy Transfer Announces Senior Management Updates
May 30 2017 - 4:30PM
Business Wire
Mike Hennigan, President, Crude, Liquids and
Refined Products to Depart the Partnership Effective June 16
Crude, Liquids and Refined Products Commercial
Teams Will Report to Mackie McCrea, Energy Transfer COO
Energy Transfer Partners, L.P. (NYSE: ETP) today announced that
Michael J. Hennigan, President, Crude, Liquids and Refined Products
has resigned and will depart the Partnership effective June 16, for
another business opportunity. Prior to the recently closed merger
of ETP and Sunoco Logistics Partners, LP (SXL), Hennigan served as
President and CEO of SXL.
“While we had hoped that Mike would remain with the Partnership
following the merger, we wish him continued success in his new
opportunity and thank him for his contributions to the Energy
Transfer Family,” said Kelcy Warren, Chairman and CEO, Energy
Transfer Partners. “We are happy for Mike and his family that he
has been offered a key leadership position which will allow him to
remain closer to the Philadelphia area.”
“Mike has built a team of experienced, strong leaders who have
been running the legacy SXL commercial functions, and that team
will remain with the Partnership under the direction of our Group
Chief Operating Officer and Chief Commercial Officer, Mackie
McCrea,” added Warren. “Energy Transfer is positioned for strong
growth in each of our crude, liquids and natural gas segments with
our strong asset base and our talented commercial leadership, and
we look forward to continuing to provide superior value to both our
customers and our unitholders.”
“It has been a tremendous privilege to have been part of the
Energy Transfer family and I am very thankful to have led the SXL
organization over the past seven years. The future is bright for
ETP and I offer my best wishes for the Partnership’s continued
success,” said Hennigan.
Energy Transfer is the 2nd largest master limited partnership in
the country with more than 71,000 miles of natural gas, natural gas
liquids, crude and refined products pipelines and related
facilities in 36 states throughout the country.
Energy Transfer Partners, L.P. (NYSE: ETP) is a master
limited partnership that owns and operates one of the largest and
most diversified portfolios of energy assets in the United States.
Strategically positioned in all of the major U.S. production
basins, ETP owns and operates a geographically diverse portfolio of
complementary natural gas midstream, intrastate and interstate
transportation and storage assets; crude oil, natural gas liquids
(NGL) and refined product transportation and terminalling assets;
NGL fractionation; and various acquisition and marketing assets.
ETP’s general partner is owned by Energy Transfer Equity, L.P.
(NYSE: ETE). For more information, visit the Energy Transfer
Partners, L.P. website at www.energytransfer.com.
Energy Transfer Equity, L.P. (NYSE: ETE) is a master
limited partnership that 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). ETE also owns Lake
Charles LNG Company. On a consolidated basis, ETE’s family of
companies owns and operates a diverse portfolio of natural gas,
natural gas liquids, crude oil and refined products assets, as well
as retail and wholesale motor fuel operations and LNG terminalling.
For more information, visit the Energy Transfer Equity, L.P.
website 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 ETP’s Annual Reports on Form 10-K
and other documents filed from time to time with the Securities and
Exchange Commission. ETP undertakes no obligation to update or
revise any forward-looking statement to reflect new information or
events.
I
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version on businesswire.com: http://www.businesswire.com/news/home/20170530006325/en/
Energy Transfer Partners, L.P.Investor Relations:Lyndsay Hannah,
Brent Ratliff, Helen Ryoo, 214-981-0795orMedia Relations:Vicki
Granado, Lisa Dillinger, 214-840-5820
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