OKLAHOMA CITY--(BUSINESS WIRE)--The board of directors of Enable Midstream Partners, LP, today announced that Rodney J. Sailor has been named executive vice president and chief financial officer, effective April 1, 2014.
Sailor, 55, joins the company from Tulsa-based WPX Energy where he most recently served as senior vice president and chief financial officer. He will be located in Oklahoma City.
“I’m pleased to announce Rod’s addition to our senior leadership team,” said Lynn Bourdon, Enable Midstream’s CEO. “His depth and breadth of financial, strategic and industry-related experience combined with his previous experience with master limited partnerships and the initial public offering process are crucial to our transition to a stand-alone, publicly traded company.”
Prior to joining WPX, Sailor served as vice president and treasurer for The Williams Companies. During that time he assisted in the formation on two master limited partnerships; Williams Partners (WPZ) and Williams Pipeline Partners (WMZ) and the spin-off of WPX Energy. He served as a director of Williams Partners GP LLC, the general partner of WPZ, from October 2007 until February 2010. Sailor served as a director of Williams Pipeline GP LLC, the general partner of WMZ, from January 2008 until WMZ merged with WPZ in August 2010. As assistant treasurer of Williams, he was responsible for capital restructuring and capital markets transactions and oversight of Williams’ balance sheet restructuring program responsible for bringing Williams back to an investment grade rating in 2007. Throughout his 27-year career at Williams, Sailor served in a variety of leadership positions focused on corporate finance, strategic planning and development, accounting and international finance.
A native of Nashville, Tenn., Sailor holds a bachelor’s degree in accounting from Oklahoma State University.
Enable Midstream is a joint venture formed in May 2013 that includes CenterPoint Energy, Inc. (NYSE:CNP) interstate pipelines and field services businesses and the midstream business of Enogex LLC, a previous subsidiary of OGE Energy Corp. (NYSE:OGE). It is managed by a general partner whose governance is shared by CenterPoint Energy and OGE on a 50/50 basis.
Enable Midstream owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable Midstream’s assets include approximately 11,000 miles of gathering pipelines, 11 major processing plants with approximately 1.9 billion cubic feet per day of processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC), approximately 2,300 miles of intrastate pipelines and eight storage facilities comprising 86.5 billion cubic feet of storage capacity. More information can be found at EnableMidstream.com.