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
DALLAS--(BUSINESS WIRE)--May 30, 2017--
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
“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
“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.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170530006325/en/
Source: Energy Transfer Partners, L.P.
Energy Transfer Partners, L.P.
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