People | People-Promotion

EnLink Makes Executive Changes; Names Garberding as New CEO

Share Print Bookmark    |    Wednesday,January 03,2018

The EnLink Midstream companies (EnLink Midstream and EnLink Midstream Partners) have announced several executive promotions:

• Barry E. Davis has been named Executive Chairman

• Michael J. Garberding has been named President & CEO

• Eric D. Batchelder has been named Executive VP & CFO

About Davis:

Barry E. Davis has transitioned from his role as Chairman and CEO to become Executive Chairman, a newly created role in which he will continue to guide the company’s long-term strategy. Davis has served as CEO since EnLink was created in 2014, following the merger of Crosstex Energy and Devon Energy Corp., a transaction that Davis was instrumental in spearheading. Prior to that, Davis led the founding of Crosstex in 1996 and drove asset expansions and a strong values-focused culture. Today, EnLink is a leading growth-focused, integrated midstream company with premier positions in the Permian’s Midland and Delaware basins, Oklahoma’s Midcontinent, and Louisiana’s Gulf Coast. Over the past four years, the Partnership has approximately quadrupled its adjusted EBITDA and tripled its workforce.

About Garberding:

Michael J. Garberding is appointed President and CEO of EnLink, succeeding Davis as CEO. In his new role, Garberding is responsible for developing and leading EnLink’s corporate strategy. Additionally, as part of this transition, he has joined the boards of directors for both ENLK and ENLC. Previously, he served as EnLink’s CFO since 2011 and President and CFO since 2016. Garberding has more than 25 years of leadership experience in the energy industry and has held several executive-level positions within EnLink and its predecessors since 2008, including Senior Vice President of Business Development and Finance. He played a critical leadership role in creating EnLink’s financial and corporate strategy and was instrumental in the execution and integration of the merger that formed EnLink. Under his and Davis’ visionary leadership, EnLink executed more than $4.5 billion of organic expansions and acquisition-related transactions over the last three years.

About Batchelder:

Eric D. Batchelder has joined EnLink as Executive Vice President and CFO. In his new role, Batchelder is responsible for EnLink’s economic strategy and oversees financial forecasting and reporting, as well as capital markets activity. Batchelder brings more than 15 years of financial leadership experience in the energy sector, most recently as Managing Director, Energy Investment Banking at RBC Capital Markets. At RBC, where he served for five years, Batchelder was responsible for transaction structuring, capital markets activity, strategic planning, business development efforts, and maintaining key client relationships for the bank’s midstream energy advisory business in the United States. He also has extensive experience in advising clients with mergers and acquisitions, including several EnLink transactions. Prior to RBC, Batchelder spent 10 years at Goldman Sachs & Co. where he advised on several significant deals, including the approximately $10 billion sale of Southern Union Co. to Energy Transfer Equity and the $1.35 billion sale of Koch Industries Natural Gas Liquids Business to ONEOK. Prior to Goldman Sachs, he spent seven years at Arthur Andersen LLP and is a certified public accountant. He earned a Bachelor of Arts in economics from Middlebury College, a Master of Science in professional accounting from the University of Hartford, and a Master of Business Administration from The Tuck School of Business at Dartmouth.