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Southcross Energy Partners Adds Shell Alum to Board
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Southcross Energy Partners, L.P. announced that Nicholas J. Caruso, Jr. was elected to the Board of Directors (of Southcross Energy Partners GP, LLC, the general partner of Southcross.
Mr. Caruso also was appointed to serve on the Audit Committee and the Conflicts Committee of the Board. In connection with Mr. Caruso’s appointment, the size of the Board was increased from seven directors to eight directors. The Board has determined that Mr. Caruso is an independent director within the rules of the New York Stock Exchange and Rule 10A-3 of the Securities Exchange Act of 1934 and is an audit committee financial expert under applicable rules.
John Bonn, President and Chief Executive Officer of the General Partner, said: "We are pleased to announce the election of Nick to the Board. Nick brings invaluable experience to the Board, including his previous roles as Chief Financial Officer of both Shell Oil Company and Dynegy Holdings, Inc., and increases our independent board membership from three members to four. I look forward to working with Nick and I am excited about the addition of such a talented and highly experienced leader that adds valuable perspective to our Board."
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