DALLAS—EnLink Midstream, LLC announced Aug. 6 that Barry E. Davis, the company’s executive chairman who led EnLink as its CEO from its founding in 2014 to 2018, will reassume the role of CEO, in addition to continuing to serve as chairman, effective Aug. 8. Michael J. Garberding will be leaving the company to pursue other opportunities.
“I am very excited to return to lead EnLink during this defining time for our company and industry,” Davis said. “I am incredibly passionate about this company, the strength of our diversified asset portfolio, and our ability to win in this environment. EnLink is competitively advantaged with a best-in-class team, differentiated portfolio of operations, deep customer relationships, strong financial profile, and a strategic partner, Global Infrastructure Partners (GIP), who is committed to investing in our long-term growth. Our top priority is to unlock the value of these strengths to drive forward our next phase of growth and success.
“I would like to express my gratitude to Mike who has been my close partner in growing the company for the past 11 years. He leaves behind a strong legacy, having helped build EnLink into the diversified company that it is today, and I wish him the best in his future pursuits.”
Davis served as CEO of EnLink, and its predecessor company Crosstex Energy, which he founded in 1996, until January 2018 when he became executive chairman. Davis has been instrumental in driving EnLink’s vision and growth, which under his leadership has grown into a Fortune 500 company with over $7 billion of revenues.
“Now is the right time for Barry to return as CEO to accelerate the company’s strategy and capitalize on compelling growth opportunities, during this transformative time for the industry,” said Will Brilliant, a director on EnLink’s board of directors and a partner at Global Infrastructure Partners. “Barry is an exceptional leader with deep knowledge, experience and relationships, having successfully built EnLink into what it is today. He is the right CEO to guide EnLink into its next chapter of growth.”
Separately, EnLink appointed Thomas W. Horton, a highly respected business executive and partner at GIP, to the EnLink Board of Directors. Horton previously served as chairman and CEO of American Airlines. During his time at American Airlines, he led the company through a successful restructuring and turnaround culminating in the merger with US Airways, creating the world’s largest airline. He also serves as the lead director on the boards of directors of General Electric Co. and Walmart Inc.
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