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American Midstream CEO Resigns as ArcLight Steps In
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American Midstream Partners, LP announced that Lynn Bourdon III, Chairman, President and Chief Executive Officer of American Midstream GP, LLC, the of American Midstream Partners, LP, notified the Partnership of his decision to resign effective May 3, 2019.
This comes as its financial sponsor, ArcLight, steps up to manage the company.
Lynn Bourdon III stated, “With the impending transformation of AMID, I believe the timing is right for me to step aside and let ArcLight manage the company in a private setting. The past few years have been challenging for small capitalization MLPs, and the exceptional support ArcLight provided has been critical to the Partnership’s successes during this time. I am grateful to have been involved in AMID’s significant accomplishments and believe the management team, along with the men and women delivering exceptional service to AMID’s customers, will continue to drive the Partnership’s progress in achieving its goals.”
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