EnLink Midstream Announces Changes to Its Board of Directors

Rhea-AI Summary

On March 15, 2023, EnLink Midstream (NYSE: ENLC) announced the appointment of Matthew C. Harris as Chairman of its Board of Directors, effective March 24, 2023. Harris returns to the Board after previously serving as a director from July 2018 to January 2019. He will replace William J. Brilliant and oversee the Governance and Compensation Committee. Leldon E. Echols will serve as Lead Independent Director. Harris, a Founding Partner of Global Infrastructure Partners, brings extensive experience in energy investments and strategy, which is expected to bolster EnLink's growth in traditional and carbon transportation sectors.

Positive

• Matthew C. Harris's extensive experience in energy investments and strategy is expected to enhance EnLink's leadership.
• Harris's return signifies strong commitment from Global Infrastructure Partners, potentially benefiting EnLink's financial strategies.

Negative

• William J. Brilliant's departure could pose concerns regarding continuity in leadership.
• Kyle D. Vann's retirement after almost 17 years may result in a loss of institutional knowledge.

DALLAS, March 15, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) today announced that Matthew C. Harris, a Founding Partner of Global Infrastructure Partners (GIP), will be appointed as Chairman of its Board of Directors (Board). Harris previously served on the Board as a director from July 2018 until January 2019. Leldon E. Echols will serve as Lead Independent Director. The appointment will be effective as of March 24, 2023.

"We are pleased to welcome back Matt to the EnLink Board," EnLink Chief Executive Officer Jesse Arenivas said. "Matt brings vast investment, capital formation, and strategy experience, including within the energy industry and energy transition. His leadership will greatly help EnLink as we continue to build momentum with our traditional midstream and growing carbon transportation businesses. As a founding partner of GIP, his return to the Board demonstrates GIP's deep commitment to EnLink."

Harris will replace William J. Brilliant, a GIP partner, on the Board and will serve as Chairman of the Board's Governance and Compensation Committee. Additionally, Kyle D. Vann will retire from the Board after almost 17 years of service to EnLink. These Board changes will also be effective as of March 24.

"Kyle has devoted nearly two decades as an EnLink director, helping guide EnLink and providing valuable counsel as we've evolved into the company we are today," Arenivas said. "The Board and I would like to thank Kyle for his contributions and leadership to EnLink."

Matthew C. Harris
Harris is a Founding Partner of GIP, and his responsibilities include managing GIP's energy transition and decarbonization investment and capital formation strategy globally and energy industry investment activities, including crude oil and refined product, natural gas, electricity including renewable power and battery storage, liquified natural gas (LNG), and carbon capture and storage. He is a member of GIP's Executive, Investment, and Portfolio Valuation committees. He has been intimately involved in GIP's investment, management, and strategic activities since its formation in 2006. 

Prior to the formation of GIP, Harris was Co-Head of the Global Energy Group at Credit Suisse and served as Head of the Europe, Middle East, and Africa (EMEA) Emerging Markets Group. Before joining Credit Suisse, he was a senior member of the Mergers and Acquisitions Group at Kidder Peabody & Co. Inc.

Harris serves as Chairman of the Advisory Board of the Columbia University Center for Global Energy Policy and is a member of the Columbia University Climate School Advisory Board, the University of California, Los Angeles (UCLA) College of Social Sciences Dean's Advisory Board, and the Board of Directors of the Whole Health Institute and the World Wildlife Fund. He holds a Bachelor of Arts (cum laude) from the University of California at Los Angeles.

About EnLink Midstream
Headquartered in Dallas, EnLink Midstream (NYSE: ENLC) provides integrated midstream infrastructure services for natural gas, crude oil, condensate, and NGLs, as well as CO₂ transportation for carbon capture and sequestration (CCS). Our large-scale, cash-flow-generating asset platforms are in premier production basins and core demand centers, including the Permian Basin, Louisiana, Oklahoma, and North Texas. EnLink is focused on maintaining the financial flexibility and operational excellence that enables us to strategically grow and create sustainable value. Visit www.EnLink.com to learn how EnLink connects energy to life.

Investor Relations: Brian Brungardt, Director of Investor Relations, 214-721-9353, brian.brungardt@enlink.com
Media Relations: Megan Wright, Director of Corporate Communications, 214-721-9694, megan.wright@enlink.com

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SOURCE EnLink Midstream, LLC

FAQ

Who is the new Chairman of EnLink Midstream's Board of Directors?

Matthew C. Harris has been appointed as the new Chairman of EnLink Midstream's Board of Directors.

When will Matthew C. Harris officially take over as Chairman?

Matthew C. Harris's appointment as Chairman will be effective on March 24, 2023.

What is the role of Leldon E. Echols at EnLink Midstream?

Leldon E. Echols will serve as the Lead Independent Director at EnLink Midstream.

What experience does Matthew C. Harris bring to EnLink Midstream?

Harris brings extensive experience in energy investments and strategy, having previously served on the Board and as a Founding Partner of Global Infrastructure Partners.