Crestwood updates on executive promotions and organizational changes

Crestwood Equity Partners LP (NYSE: CEQP) and Crestwood Midstream Partners LP (NYSE: CMLP) (collectively, Crestwood) have made several promotions within Crestwood’s senior management team, effective immediately. Additionally, Crestwood announced a new internal organizational structure forming a Pipeline Services Group and Supply and Logistics Group.

Pipeline Services Group

The Pipeline Services Group will consist of all Crestwood’s natural gas, crude oil and water gathering systems, pipelines and compression, processing plants and natural gas storage facilities in the US. The Supply and Logistics Group will include all natural gas liquids (NGL) and crude oil marketing, terminals and fractionation facilities, crude oil and NGL transportation fleet assets, NGL storage and US salt. Crestwood anticipates that it will continue to report financial and operating data in its existing three segment structure of Gathering and Processing, Storage and Transportation, and Crude and NGL Services.

Heath Deneke, formerly president of the Natural Gas Business Unit, has been promoted to COO and head of the Pipeline Services Group. Deneke has been with Crestwood since 2012. In his new role, he will be responsible for the commercial development and operations of Crestwood’s infrastructure assets serving US shale plays, such as the Marcellus, Bakken, PRB Niobrara, Delaware Permian, Barnett, Granite Wash, Fayetteville, and Haynesville plays. He will also guide Crestwood’s technical services, environmental, safety, regulatory compliance and supply chain teams. Deneke’s previous experience includes a 17-year career at El Paso Corp. in a series of increasing executive roles including commercial and business development, project management and engineering, marketing and asset optimization.

The following individuals in the Pipeline Services Group, reporting to Deneke, received promotions:

Brian Freed, formerly vice president of crude logistics, has been promoted to senior vice president of Western US Commercial Operations. He has been with Crestwood since December 2012, where he developed the Bakken Colt Hub for its predecessor company. In November 2013, he also assumed responsibility for the Arrow Midstream business. In his new role, Freed will have commercial responsibilities for all Crestwood’s crude, natural gas, and water assets in the Western US Region, including the Bakken, PRB Niobrara, and Delaware Permian shale plays. Freed brings 22 years of experience which includes senior leadership positions across multiple energy organizations, most recently with Rangeland Energy where he served as vice president of business development. Prior to that, he founded and served as president and CEO of Entessa/Energy Solutions International before the sale of the company.

Mark Mitchell, formerly senior vice president of the Natural Gas business unit has been promoted to senior vice president of Eastern US Commercial Operations. Mitchell has been with Crestwood since 2013 with commercial responsibilities for Crestwood’s natural gas storage and transportation assets. In his new role, he will have commercial responsibilities for Crestwood’s natural gas gathering, compression, and natural gas storage and transportation assets in the Eastern US Region and the Tres Palacios gas storage joint venture. Mitchell brings 23 years of experience which includes various natural gas marketing and trading roles at Epoch Energy, El Paso Energy, Natural Gas Clearinghouse, and Coastal Corp.

Additionally, these individuals will report to Deneke in the Pipeline Services Group: Chris Humes, vice president of pipeline operations; Curt Van Hoorn, vice president of Arrow operations; Hugo Guerrero, vice president of technical services; Miranda Jones, vice president of environmental, safety, and regulatory; Darrell Hagerman, vice president of the commercial central area; and Joey Hayles, vice president of supply chain.

Supply and Logistics Group

Bill Gautreaux, formerly president of the Liquids & Crude business unit, has been promoted to chief marketing officer and head of the Supply and Logistics Group. Gautreaux has been with Crestwood and its predecessor companies since March 1999 and was a founding partner of Inergy LP. In his new role, he will be responsible for consolidating Crestwood’s NGL and Crude marketing activities and leading its growth strategies around the Crestwood platform including the Marcellus Utica NGL supply region; Northeast US NGL market region; West Coast NGL assets; NGL and crude trucking and transportation assets; and Crestwood’s crude marketing focus in the Bakken, PRB Niobrara, and Delaware Permian regions. Gautreaux brings 28 years of experience in NGL trading and marketing having worked at Dynegy, LPG Services Group, and Ferrell Gas North America in positions of increasing responsibility.

The following individuals in the Supply and Logistics Group, reporting to Gautreaux, received promotions or new assignments:

Kevin Hall joined the Crestwood organization in April as the vice president of transportation. Hall brings over 28 years of experience, serving most recently as senior vice president of supply chain and continuous improvement for Hostess Brands LLC. In his new role, Hall will be responsible for Crestwood’s fleet of NGL and crude oil trucking units and rail cars. His previous experience spans across multiple industries, including chemical and hazardous materials, focusing on process improvements in trucking, rail and logistics and optimizing supply chain models. He is trained in LEAN business optimization and Toyota Production Systems.

Additionally, the following individuals will also report to Gautreaux in the Supply and Logistics Group: John Powell, vice president of trading and risk management; Vance Harrington, vice president of facilities; Mitchell Dascher, president of US salt; and Philip Bouillette, vice president of business development.

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