Laws succeeds Rod Sailor who assumed CEO role January 1
Enable Midstream Partners, LP (NYSE: ENBL) today announced that its
Board of Directors has named John Laws Executive Vice President, Chief
Financial Officer and Treasurer. Laws, a 6-year Enable leader, succeeds
former CFO Rod Sailor who assumed the role of president and CEO
effective January 1.
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John Laws named CFO of Enable Midstream Partners (Photo: Business Wire)
“I’m very pleased to announce John’s elevation to this new role,” Sailor
said. “He is an accomplished senior financial executive with a wealth of
energy industry experience. John brings a deep understanding of
operations and transactions, public offerings, business combinations and
strategic business planning to the role of CFO. I look forward to his
insights and contributions. We also benefit from John’s tenure with
Enable, as well as a strong working relationship with each of our
general partners.”
Laws, 41, has more than 17 years of experience as a finance executive,
more than nine of which have been devoted to the energy sector, serving
in a variety of leadership positions in corporate finance and business
and corporate development. Prior to being named CFO, Laws served as
treasurer at Enable. Before joining Enable in 2010, he served various
organizations in a variety of corporate finance leadership roles.
“I’m humbled and honored to have been selected to fill this vital
leadership role at Enable,” Laws said. “Enable is well-positioned to
persevere in the current environment and to build on its prior success
through continued focus on customer service and operational and
financial excellence.”
ABOUT ENABLE MIDSTREAM
Enable Midstream owns, operates and develops strategically located
natural gas and crude oil infrastructure assets. The company’s assets
include approximately 12,300 miles of gathering pipelines, 13 major
processing plants with approximately 2.3 billion cubic feet per day of
processing capacity, approximately 7,900 miles of interstate pipelines
(including Southeast Supply Header, LLC of which Enable Midstream owns
50 percent), approximately 2,200 miles of intrastate pipelines and eight
storage facilities comprising 87.5 billion cubic feet of storage
capacity. For more information visit EnableMidstream.com.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within
the meaning of the securities laws. All statements, other than
statements of historical fact, regarding Enable Midstream Partners’
strategy, future operations, financial position, estimated revenues,
projected costs, prospects, plans and objectives of management are
forward-looking statements. These statements often include the
words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,”
“project,” “forecast” and similar expressions and are intended to
identify forward-looking statements, although not all forward-looking
statements contain such identifying words. These forward-looking
statements are based on Enable Midstream’s current expectations and
assumptions about future events and are based on currently available
information as to the outcome and timing of future events. Enable
Midstream assumes no obligation to and does not intend to update any
forward-looking statements included herein. When considering
forward-looking statements, you should keep in mind the risk factors and
other cautionary statements described under the heading “Risk Factors”
included in our SEC filings. Enable Midstream cautions you that
these forward-looking statements are subject to all of the risks and
uncertainties, most of which are difficult to predict and many of which
are beyond its control, incident to the ownership, operation and
development of natural gas and crude oil infrastructure assets.
These risks include, but are not limited to, contract renewal risk,
commodity price risk, environmental risks, operating risks, regulatory
changes and the other risks described under “Risk Factors” in our SEC
filings. Should one or more of these risks or uncertainties
occur, or should underlying assumptions prove incorrect, Enable
Midstream’s actual results and plans could differ materially from those
expressed in any forward-looking statements.
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