8-KLeadership Changes

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Executive Changes (May 12, 2016)

Filed May 12, 2016For Securities:EPDEPDU

Summary

This 8-K filing by Enterprise Products Partners L.P. (EPD) announces planned executive transitions within its accounting and finance departments. Effective August 31, 2016, Michael J. Knesek, Senior Vice President, Controller, and Principal Accounting Officer, will retire. The company has appointed R. Daniel Boss as Senior Vice President-Accounting and Risk Control and Michael W. Hanson as Vice President and Principal Accounting Officer, both to assume their new roles concurrently with Mr. Knesek's retirement. These appointments reflect an internal succession plan, with both Mr. Boss and Mr. Hanson having extensive experience within Enterprise. Mr. Boss will oversee accounting and risk control for the regulated business, while Mr. Hanson will lead the financial reporting group, including SEC filings. Investors can view these changes as a sign of management continuity and a structured approach to leadership transitions.

Key Highlights

  • 1Michael J. Knesek, Senior Vice President, Controller, and Principal Accounting Officer, will retire effective August 31, 2016.
  • 2R. Daniel Boss has been elected Senior Vice President-Accounting and Risk Control.
  • 3Michael W. Hanson has been elected Vice President and Principal Accounting Officer.
  • 4Both Boss and Hanson's appointments are effective upon Knesek's retirement.
  • 5R. Daniel Boss has significant experience in risk management, derivatives, and accounting for regulated businesses.
  • 6Michael W. Hanson has extensive experience in financial reporting and preparing SEC filings for Enterprise since 1992.
  • 7These appointments represent an internal succession for key financial roles.

Frequently Asked Questions

Michael J. Knesek, who is retiring as Senior Vice President, Controller, and Principal Accounting Officer, will be succeeded by two individuals. R. Daniel Boss will become Senior Vice President-Accounting and Risk Control, and Michael W. Hanson will become Vice President and Principal Accounting Officer.

The appointments of R. Daniel Boss and Michael W. Hanson will become effective concurrently with the retirement of Michael J. Knesek, which is scheduled for August 31, 2016.

R. Daniel Boss has been with Enterprise since 2008 and has held leadership roles in risk control, derivatives, and accounting for regulated businesses. Michael W. Hanson has been with Enterprise and its affiliates since 1992, with extensive experience in financial reporting and preparing SEC filings.

This 8-K filing primarily details executive succession within the accounting and finance functions. The appointments of experienced internal candidates suggest a focus on continuity and maintaining established operational and reporting processes rather than signaling a significant shift in strategic direction.