Energy Transfer CEO to Step Down

(P&GJ) — Dallas-based Energy Transfer announced on Thursday that the company’s co-founder and CEO for more than 20 years, Kelcy Warren will be stepping down on Jan. 1. 

Long-time Energy Transfer executives Mackie McCrea and Tom Long have been named as Co-Chief Executive Officers.

Warren will remain as Executive Chairman of Energy Transfer and Chairman of the Board of Directors.

McCrea first joined the company in 1997 as Senior Vice President Business Development. Since that time he has served in a number of leadership roles including Group Chief Operating Officer and Chief Commercial Officer of Energy Transfer Operating, L.P., and most recently as President and Chief Commercial Officer of Energy Transfer. McCrea also serves on the Energy Transfer Board of Directors.

Long has served as the Partnership’s Chief Financial Officer since February of 2016. Prior to assuming this role, he served for five years as Executive Vice President and Chief Financial Officer of Regency Energy Partners LP, which was acquired by Energy Transfer in 2010.

Warren, who has been a leader in the energy industry for more than 40 years, co-founded Energy Transfer in 1996 with approximately 200 miles of natural gas pipelines and 20 employees.

Today, Energy Transfer is an international company with the largest and most diversified portfolio of energy assets in the United States.

“Although I am stepping away from the day-to-day management of our business, I will continue to be intimately involved in the strategic growth of Energy Transfer,” said Warren.

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