EPIC Midstream Holdings Announces Chairman and CEO Succession Plan
EPIC Midstream Holdings has announced a leadership transition, appointing Brian Freed as the new CEO, succeeding Phil Mezey, who will become Non-Executive Chairman. The company aims to shift its focus from project development to improving operational excellence. Freed, previously President since July 2019, is expected to enhance EPIC's position in the midstream sector, particularly in the Permian Basin. This change is viewed positively by investors and stakeholders, as it aims at sustaining the company’s growth trajectory.
- Brian Freed appointed as new CEO, bringing leadership experience from his previous role as President.
- Leadership transition aims to strengthen operational excellence and market position in the Permian Basin.
- None.
SAN ANTONIO, Texas--(BUSINESS WIRE)--EPIC Midstream Holdings, LP (“EPIC” or “the Company”) today announced its executive leadership succession plan, in which the Board of Directors unanimously appointed Brian Freed to succeed Phil Mezey as Chief Executive Officer, with Mr. Mezey becoming Non-Executive Chairman. In addition to his role as CEO, Mr. Freed will join the Company’s Board of Directors.
“I am very pleased with the progress we have made in accomplishing our goal of building world class midstream assets from the Permian Basin to the Gulf Coast,” said Mr. Mezey. “With this achievement, we are now empowering the next generation of leaders to successfully transition EPIC from a company focused on project development to a leader in operational excellence. In my new role, I’ll continue to drive our strategic thinking with a special focus on several key initiatives that have the potential to further enhance our capabilities as a leading midstream player. I believe Brian’s appointment to CEO will best serve our employees, customers, and shareholders in the future.”
“I am excited about this next phase of the Company’s growth and am focused on making EPIC a market leader in the Permian Basin over the coming years,” said Mr. Freed. “I am honored to have worked with Phil for the past year and look forward to continuing to partner with him in his new role,” added Mr. Freed.
Mr. Freed has served as EPIC’s President since July 2019. Prior to joining EPIC, he most recently served as the Senior Vice President, Midstream and Marketing, of Apache Corporation.
“Phil has positioned EPIC’s organization and its assets for continued long-term growth,” said Nate Walton, Partner in the Private Equity Group of Ares Management. “Brian has played a critical role in the commercialization of EPIC’s crude and NGL pipelines, and we look forward to this next phase under his leadership.”
About EPIC Midstream Holdings, LP
EPIC was formed in 2017 to build, own and operate midstream infrastructure in both the Permian and Eagle Basins. EPIC operates the EPIC Crude Oil Pipeline and the EPIC NGL Pipeline that span approximately 700-miles servicing the Delaware, Midland and Eagle Ford Basins. EPIC is a portfolio company of funds managed by the Private Equity Group of Ares Management Corporation (NYSE: ARES). For more information, visit www.epicmid.com.
