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Followill Elected Director of Enterprise’s General Partner
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Rhea-AI Summary
Enterprise Products Partners L.P. (NYSE: EPD) has elected Rebecca G. Followill as a director of its general partner, effective January 1, 2023. Followill, a petroleum engineer with 38 years of energy industry experience and a former Senior Managing Director at U.S. Capital Advisors, will also join the Audit and Conflicts Committee. The company also announced Richard S. Snell's appointment as an advisory director, who previously served on the board since 2011. Enterprise Products is a major midstream energy service provider, offering extensive pipeline and storage capabilities across North America.
Positive
Rebecca G. Followill brings 38 years of energy industry experience to the board, which may enhance strategic insights.
Her expertise spans equity capital markets, potentially benefiting the company in these areas.
Negative
None.
HOUSTON--(BUSINESS WIRE)--
Enterprise Products Partners L.P. (“Enterprise” NYSE: EPD) today announced that Rebecca G. “Becca” Followill has been elected as a director on the board of Enterprise’s general partner, Enterprise Products Holdings LLC, effective January 1, 2023. Mrs. Followill has also been appointed to serve on the board’s Audit and Conflicts Committee.
Mrs. Followill, a petroleum engineer, has thirty-eight years of energy industry experience, including twenty-five years providing analysis and assessing the valuations and competitiveness of public and private companies as a securities analyst. She recently retired from U.S. Capital Advisors as a Senior Managing Director. Prior to U.S. Capital Advisors, Mrs. Followill served in senior roles at Tudor, Pickering, Holt, & Co., Howard Weil, Inc. and Merrill Lynch. She began her career as a reservoir engineer for Tenneco Oil Company. Mrs. Followill serves on the board of the Texas A&M Petroleum Ventures Program. She was also named to Hart Energy’s list of 25 Influential Women of Energy.
“We are pleased to add Becca to our board,” said A. J. “Jim” Teague, co-chief executive officer of Enterprise’s general partner. “Her knowledge of the energy industry spans from the wellhead to the burner tip, consistent with the breadth of our integrated midstream system. She will provide additional insights to the equity capital markets, which will be complementary to our board.”
Enterprise also announced that Richard S. Snell has been appointed to serve as an advisory director. Mr. Snell previously served as a director on the board of Enterprise’s general partner and a member of its Audit and Conflicts Committee since 2011.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products transportation, storage, and marine terminals and related services; and a marine transportation business that operates on key United States inland and intracoastal waterway systems. The partnership’s assets include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.
Randy Burkhalter, Investor Relations (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations (713) 381-3635
Source: Enterprise Products Partners L.P.
FAQ
Who was elected to the board of Enterprise Products Partners L.P. on January 1, 2023?
Rebecca G. Followill was elected to the board of Enterprise Products Partners L.P. on January 1, 2023.
What is Rebecca G. Followill's background in the energy industry?
Rebecca G. Followill has 38 years of energy industry experience, including roles as a securities analyst and a petroleum engineer.
What role will Rebecca G. Followill serve on the board?
Rebecca G. Followill will serve on the Audit and Conflicts Committee of the board.
Who is Richard S. Snell in relation to Enterprise Products Partners L.P.?
Richard S. Snell has been appointed as an advisory director of Enterprise Products Partners L.P.
What is the significance of the board changes at Enterprise Products Partners L.P.?
The board changes are significant as they introduce experienced professionals who can provide valuable insights into the energy sector and capital markets.
