Enterprise Products Partners LP (NYSE: EPD) has elected directors constituting the board of its general partner, Enterprise Products Holdings LLC (Enterprise GP). Richard H. Bachmann was elected non-executive vice chairman of the board of Enterprise GP. The board of Enterprise GP also elected W. Randall Fowler as president of the general partner and restructured the management group known as the Office of the Chairman.
In addition to Bachmann and Fowler, directors of the board of Enterprise GP are Randa Duncan Williams, non-executive chairman; A. J. “Jim” Teague, CEO of Enterprise GP; Carin M. Barth; F. Christian Flach; James T. Hackett; Charles E. McMahen; William C. Montgomery; and Richard S. Snell.
The governance committee members of the board are Hackett, chair of the committee, Barth, and Williams. The audit and conflicts committee members are McMahen, chair of the committee; Montgomery and Snell.
Bachmann is president and CEO of privately held Enterprise Products Co. (EPCO) and has served as a director of EPCO since 1999. Affiliates of EPCO own 34% of the limited partner units of Enterprise and own Enterprise GP. Bachmann previously served as executive vice president and chief legal officer of Enterprise GP and its affiliated predecessors from 1999 until 2010. He was a director of Enterprise GP and its affiliated predecessors from 2000 until 2004 and from 2006 until 2014.
Fowler has served as a director of Enterprise GP since 2011 and as executive vice president and CFO of Enterprise GP and its affiliated predecessors from 2007 until 2015. He also serves as chief administrative officer and a director of EPCO. He joined Enterprise in 1999.
The board of Enterprise GP also restructured the Office of the Chairman to consist of Williams, Bachmann, Teague, and Fowler.