Summit Midstream Partners, LP has announced that, effective 1 March 2020, it will relocate its corporate headquarters from The Woodlands, Texas to downtown Houston, Texas. In addition to relocating corporate teams from The Woodlands, this move will also include a relocation of Summit's Finance and Accounting functions currently located in Atlanta, Georgia, where the company was founded. This decision represents an opportunity to enhance Summit's corporate culture and effectiveness by bringing its employees together in a single location while significantly reducing the cost associated with operating multiple corporate office locations.
Heath Deneke, President and Chief Executive Officer of SMLP, commented, "We are very pleased to have the opportunity to consolidate our corporate headquarters to a premier downtown Houston office location that brings our employees closer to many of our customers, vendors, lenders and investors. Our new office location provides ample space to accommodate our current and future office needs while broadening our access to a deep pool of experienced energy professionals. In addition to the cultural and organisational effectiveness gains, the move will also provide an immediate and significant source of cost savings for SMLP going forward."
The new headquarters will be located on the 41st and 42nd floors in One Shell Plaza, located at 910 Louisiana Street.
Read the article online at: https://www.worldpipelines.com/business-news/08012020/summit-midstream-partners-lp-announces-relocation-of-corporate-headquarters/