Tallgrass Energy Names New CEO after Dehaemers Retires
U.S. pipeline operator Tallgrass Energy, LP has named William (Bill) Moler as its new CEO.
On Monday, the company announced the appointment of Moler, which will be effective immediately. Former CEO David Dehaemers Jr. is retiring but will remain with the company until the end of the year.
Dehaemers will also retire as a member of the board of directors on Dec. 31, 2019.
“Since founding Tallgrass Energy in November 2012, David Dehaemers has consistently demonstrated industry innovation, creativity and agility by leading many strategic growth initiatives that transformed Tallgrass’ energy infrastructure assets to maximize value while minimizing environmental impact,” Sean Klimczak, global head of infrastructure at Blackstone, said in a company statement.
In August, Blackstone Infrastructure Partners looked to buy out the remaining shares of Tallgrass – a proposal valued at $3 billion – after taking control of the company earlier this year.
Dehaemers referred to Moler’s appointment to CEO as “a bittersweet moment.”
“I’m proud of everything we’ve accomplished over the last seven years, and I want to thank every single employee at Tallgrass for helping to make it all possible. It’s time for me to move on to the next chapter in my life, and I am pleased to transition my role to Bill Moler, who I have known for more than 20 years,” Dehaemers said. “He’s been with Tallgrass since its inception, has deep expertise in the midstream sector and a strong understanding of Tallgrass’ assets and the basins in which we operate.”
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