Eagle Energy Partners announced April 23 that its cofounder and former chairman, Chuck Watson, will be departing the company effective May 1.
Watson will maintain a “close association” with Eagle, which is a wholly owned subsidiary of EDF Trading Limited. “I would like to thank Chuck for the invaluable support he has given EDF Trading during our acquisition and integration with Eagle Energy and look forward to the possibility of future business opportunities with him,” said John Rittenhouse, Chief Executive of EDF Trading. EDF acquired Eagle in the wake of its former parent Lehman Bros.’ bankruptcy in September 2008.
Chuck Watson said, “Eagle’s affiliation with EDF Trading together with its strong management team, will prove to be a successful ingredient well into the future. My continued involvement in the industry will allow me to witness its expansion and growth.”