8-KLeadership Changes

Energy Transfer LP 8-K Report, Executive Changes (Feb 5, 2016)

Filed February 5, 2016For Securities:ETET-PI

Summary

This 8-K filing announces a significant leadership change within Energy Transfer Equity, L.P. (ETE), with Thomas E. Long appointed as the new Group Chief Financial Officer (Group CFO) of LE GP, LLC, the general partner of ETE. This role oversees the financial operations for the entire ETE family of partnerships, including Energy Transfer Partners, L.P. (ETP), Sunoco Logistics Partners L.P. (SXL), and Sunoco LP (SUN). Mr. Long brings substantial financial experience to this critical position, having most recently served as CFO of Energy Transfer Partners, L.L.C. (ETP LLC) and previously as CFO of Regency Energy Partners LP. His appointment is effective immediately and replaces Jamie Welch. This change in top financial leadership is a key development for investors to monitor as it may signal shifts in financial strategy or operational focus across the Energy Transfer enterprise.

Key Highlights

  • 1Thomas E. Long appointed as Group Chief Financial Officer (Group CFO) of LE GP, LLC, the general partner of Energy Transfer Equity, L.P. (ETE).
  • 2Mr. Long replaces Jamie Welch in this senior financial role.
  • 3The Group CFO position has oversight for the financial aspects of the entire ETE 'family of partnerships,' including ETP, SXL, and SUN.
  • 4Mr. Long has prior relevant experience as CFO of Energy Transfer Partners, L.L.C. (ETP LLC) since April 2015.
  • 5Previously, Mr. Long served as Executive Vice President and CFO of Regency Energy Partners LP from November 2010 to April 2015.
  • 6The filing confirms no undisclosed arrangements or relationships requiring disclosure for Mr. Long's appointment.
  • 7The appointment is effective as of February 5, 2016.

Frequently Asked Questions

Thomas E. Long has been appointed as the new Group Chief Financial Officer (Group CFO) of LE GP, LLC, the general partner of Energy Transfer Equity, L.P. (ETE). In this role, he is responsible for all financial aspects across the entire Energy Transfer family of partnerships, including ETP, SXL, and SUN.

This appointment signifies a change in top financial leadership for the entire ETE enterprise. Investors should monitor how Mr. Long's financial expertise and leadership will influence the financial strategies and operational management of ETE and its various master limited partnerships.

Mr. Long has extensive financial experience. He most recently served as the CFO of Energy Transfer Partners, L.L.C. (ETP LLC) since April 2015. Before that, he was the Executive Vice President and CFO of Regency Energy Partners LP from November 2010 to April 2015.

Based on the filing, there are no disclosed arrangements, understandings, or relationships between Mr. Long and the company or its subsidiaries that would require specific disclosure under SEC regulations (Item 404(a) of Regulation S-K or Item 401(d) of Regulation S-K).