Enterprise Products Partners announced that co-chief executive officer A.J. "Jim" Teague will retire on January 4, 2027. W. Randall "Randy" Fowler, currently co-chief executive officer, will become sole chief executive officer upon Teague's retirement. Teague joined Enterprise in 1999 and helped grow the partnership's enterprise value from $1.8 billion to nearly $120 billion. Fowler has served as co-CEO since 2020 and previously held roles including chief financial officer. Upon Teague's departure, the Office of the Chairman will expand to include the chief commercial officer and chief financial officer alongside the non-executive chairman, vice chairman, and CEO.
Enterprise Products Partners LPCEO retirement and succession plan announced; leadership change may affect investor sentiment but details are neutral.