8-KLeadership ChangesRegulation FDExhibits & Filings

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Executive Changes (Sep 28, 2010)

Filed September 28, 2010For Securities:EPDEPDU

Summary

This Form 8-K filing by Enterprise Products Partners L.P. (EPD) on September 28, 2010, primarily announces a key executive leadership change. Effective September 27, 2010, William Ordemann has resigned from his role as Chief Operating Officer of the general partner, Enterprise Products GP, LLC (EPGP). He will continue with the company in a different capacity as Executive Vice President of EPGP. The company has also appointed A. James Teague as the new Chief Operating Officer of EPGP. Mr. Teague brings extensive experience to this role, having served in various executive positions within the company and its affiliates since 1999, including Executive Vice President and Chief Commercial Officer. This transition indicates a focus on internal promotion and leveraging established leadership for operational continuity.

Key Highlights

  • 1William Ordemann resigned as Chief Operating Officer (COO) of Enterprise Products GP, LLC (EPGP) effective September 27, 2010.
  • 2William Ordemann will remain with the company as Executive Vice President of EPGP.
  • 3A. James Teague was appointed as the new Chief Operating Officer (COO) of EPGP, effective September 27, 2010.
  • 4A. James Teague has a long tenure with Enterprise Products Partners L.P. (EPD) since 1999 and held previous roles including Executive Vice President and Chief Commercial Officer.
  • 5The company issued a press release on September 27, 2010, announcing these executive changes, which is filed as Exhibit 99.1.
  • 6This filing relates to Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers) and Item 7.01 (Regulation FD Disclosure) of the Form 8-K.

Frequently Asked Questions

The main purpose of this 8-K filing is to report changes in executive management, specifically the resignation of William Ordemann as Chief Operating Officer and the appointment of A. James Teague as the new Chief Operating Officer of Enterprise Products GP, LLC.

No, William Ordemann will not be leaving the company. He resigned as Chief Operating Officer but will continue his employment as Executive Vice President of Enterprise Products GP, LLC.

A. James Teague has been with Enterprise Products Partners L.P. and its affiliates since 1999. He has held significant roles such as Executive Vice President and Chief Commercial Officer, and brings a wealth of experience from his prior positions in the midstream energy sector.

This specific filing does not directly report financial performance or announce strategic shifts. It solely focuses on executive leadership changes. Investors would need to refer to other filings or press releases for financial and strategic updates.