Lynn Bourdon, president and CEO of Oklahoma City-based Enable Midstream’s general partner, Enable GP, in early June resigned from the company and stepped down from his positions.
“It has been rewarding to be a part of taking Enable public and setting its strategic direction,” Bourdon said in a June 1 statement. “I will always have a part of Enable with me and can’t thank the employees enough for their hard work and dedication. I wish Enable continued success.”
Bourdon was named president and CEO in January 2014.
In the June 1 statement, the company said that the board of directors of Enable GP named Scott Prochazka as chairman of Enable GP’s board and appointed board member Pete Delaney as interim president and CEO.
“Lynn played a critical role in positioning the company for the IPO and in creating a solid platform for future growth,” Prochazka, president and CEO, CenterPoint Energy, said in the statement. “We appreciate his efforts and look forward to building on this past success and capturing Enable’s significant growth opportunities. The board of directors will be focused on finding an experienced leader who can continue with Enable’s stated strategy, including extending our position into new basins and expanding our services down the value chain to drive growth. Pete Delaney has a deep understanding of our business, our customers and has a proven track record in creating value for investors. The board believes Pete is well-suited to move Enable forward while the board conducts its search.”
At the time of his appointment as interim president and CEO, Delaney was chairman of the board of OGE Energy Corp. His experience in the energy industry includes having served as CEO of OGE Energy since 2007 and as CEO of OGE Energy’s natural gas midstream business. In connection with Delaney’s appointment as interim president and CEO of Enable GP, he ceased serving as CEO of OGE Energy.
“Enable has great assets, a strong financial position, and great people led by a seasoned leadership team,” Delaney said in the statement. “I look forward to working with them to accelerate distribution growth and realize the value proposition we envisioned when we formed Enable.”
The company said that a special committee of the board will conduct the search for a permanent CEO of Enable Midstream with the assistance of executive search firm Russell Reynolds.