OREANDA-NEWS. October 02, 2015. Enterprise Products Partners L.P. (“Enterprise” NYSE:EPD) today
announced that
Carin M. Barth and
William C. Montgomery have been
elected directors to the board of directors of its general partner,
Enterprise Products Holding LLC, effective today.
Ms. Barth is the founder and president of LB Capital, Inc., a private
equity firm with investments in the energy, manufacturing and financial
sectors. She previously served as interim senior vice president of
Finance and Administration of Texas Southern University and chief
financial officer of the U.S. Department of Housing and Urban
Development. Ms. Barth is a director on the boards of Bill Barrett
Corporation, Western Refining, Inc., Black Stone Minerals, L.P. and
Strategic Growth Bank Incorporated. Ms. Barth previously served as a
commissioner on the Texas Department of Public Safety.
Mr. Montgomery is a managing director with Quantum Energy Partners, a
leading provider of private equity capital to the North America energy
sector. His career includes 22 years of investment banking experience.
Prior to joining Quantum, Mr. Montgomery was a partner with Goldman,
Sachs & Co. and served as head of the Americas Natural Resources Group.
He serves as a director on the boards of Apache Corporation and seven of
Quantum’s portfolio companies.
“We are pleased to announce the additions of
Carin Barth and
Bill
Montgomery to the board of Enterprise’s general partner,” said
Michael
A. Creel, chief executive officer of Enterprise’s general partner. “Both
have excelled in their careers. The depth and breadth of their
experience in the energy and financial sectors will be valuable to
Enterprise as we continue to grow our partnership.”
Ms. Barth is expected to serve on the board’s Governance Committee,
while Mr. Montgomery is expected to serve on the Audit and Conflicts
Committee.
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 import and export terminals;
crude oil gathering, transportation, storage and terminals;
petrochemical and refined products transportation, storage and
terminals; petrochemical transportation and services; and a marine
transportation business that operates primarily on the United States
inland and Intracoastal Waterway systems and in the Gulf of Mexico. The
partnership’s assets include approximately 49,000 miles of pipelines;
225 million barrels of storage capacity for NGLs, petrochemicals,
refined products and crude oil; and 14 billion cubic feet of natural gas
storage capacity.
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