Energy Transfer LP on Oct. 8 named long-time executives Mackie McCrea and Tom Long as co-CEOs, succeeding co-founder Kelcy Warren, who the company said will step down as CEO by year-end.

“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,” Warren said in a statement on Oct. 8.

Warren, who has been a leader in the energy industry for more than 40 years, co-founded Dallas-based 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 U.S., according to the company’s release.

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