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New appointment at Southcross

World Pipelines,


Southcross Energy Partners, L.P. has announced the appointment of Bret M. Allan as Senior Vice President and Chief Financial Officer of Southcross Energy Partners GP, LLC, the general partner of Southcross. Allan brings nearly 20 years of energy and finance experience to Southcross, having most recently served as Vice President, Finance and Treasurer of Energy Transfer Partners, L.P. (Energy Transfer).

Allan succeeds J. Michael Anderson, who will be leaving Southcross for a new opportunity. Anderson, who has made extensive contributions to Southcross since 2012 as Senior Vice President and Chief Financial Officer, will work closely with Allan over the next 30 days to ensure a seamless and successful transition.

“Michael has been an invaluable member of the Southcross leadership team for the last three years and instrumental in guiding Southcross through a period of significant growth,” said John E. Bonn, President and Chief Executive Officer of Southcross’ general partner. “He leaves Southcross a stronger company and better positioned to deliver long-term unitholder value. He helped lead Southcross in our initial public offering, our combination transaction in August 2014 and the recent completion of our first drop-down transaction. I sincerely enjoyed working with Michael and thank him for his leadership and numerous contributions to Southcross.”

“I am very pleased to welcome Bret to the Southcross executive team,” said Bonn. “Bret brings significant experience and leadership as we enter the next stage of growth at Southcross. Bret has an extensive background in the midstream sector, including numerous capital market transactions and growth initiatives. Bret is an outstanding fit with the Southcross culture that is focused on our core values of safety, integrity, customer service, teamwork and accountability. I look forward to working closely with Bret as we guide Southcross forward.”

“I am excited to join Southcross and its strong leadership team,” said Allan. “Southcross is well positioned for continued growth with a premier platform of midstream assets across the Eagle Ford and a committed group of private equity sponsors that actively support the company’s growth.”

Allan joins Southcross having spent the majority of the last five years at Regency Energy Partners LP, a midstream master limited partnership that was acquired by Energy Transfer in January 2015. While at Regency, Allan helped lead numerous capital raising transactions and supported numerous acquisitions and recapitalisations. Among other responsibilities, Allan led the treasury, cash management, credit and corporate planning functions for Regency. Prior to Regency, he held various managerial positions at Energy Future Holdings and its predecessor company, TXU Corporation, including positions in strategic planning, financial analysis and risk. Allan holds a Master’s degree in business administration with a concentration in finance from the University of Chicago Graduate School of Business and a Bachelor’s degree in economics from the University of California at Berkeley.

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/10062015/new-appointment-at-southcross/

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