SemGroup Announces Chief Risk Officer Selection

TULSA, Okla.--(BUSINESS WIRE)--SemGroup, L.P. announced today that the company has selected David Gorte as its chief risk officer (CRO). The CRO will report directly to Norm Szydlowski, SemGroup’s presumptive chief executive officer. Gorte will be responsible for developing risk management governance and for independent risk management assessments of transactions and strategies.

Gorte has twenty-eight years of risk management and financing experience related to the energy industry. Immediately prior to joining SemGroup, Gorte served as senior advisor for The Claro Group. Gorte also has served as senior vice president and chief risk officer of Cheniere Energy, Inc., where he was responsible for creating and managing an enterprise-wide risk management organization for the company and its subsidiaries. Gorte’s experience also includes risk management and financing origination, structuring, and syndication positions at Enron Corp., Citigroup, Bankers Trust Company (now Deutsche Bank), and Bank of America.

Gorte has a MBA from Columbia University. He also holds a master’s degree in professional accounting from the University of Texas and a BA from Carleton College.

About SemGroup

Based in Tulsa, Okla., SemGroup, L.P., is a midstream service company providing the energy industry the means to move products from the wellhead to the wholesale marketplace. SemGroup provides diversified services for end-users and consumers of crude oil, natural gas, natural gas liquids, refined products and asphalt. Services include purchasing, selling, processing, transporting, terminalling and storing energy.