Enterprise Elects Radtke and Collingsworth as Officers.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Feb. 11, 2002 Enterprise Products Partners L.P. (NYSE NYSE See: New York Stock Exchange :EPD EPD expected progeny difference. ) announced that the board of directors of its general partner has elected Gil H. Radtke as Senior Vice President and James M. Collingsworth as Vice President. Radtke, 40, will be responsible for the commercial activities of the partnership's Petrochemical Division. This division includes the butane butane (by `tān), C4H10, gaseous alkane, a hydrocarbon that is obtained from natural gas or by refining petroleum. isomerization isomerization /isom·er·iza·tion/ (i-som?er-i-za´shun) the process whereby any isomer is converted into another isomer, usually requiring special conditions of temperature, pressure, or catalysts. , octane enhancement and propylene propylene /pro·pyl·ene/ (pro´pi-len) a gaseous hydrocarbon, CH3CHdbondCH2.propylene glycol a colorless viscous liquid used as a humectant and solvent in pharmaceutical preparations. fractionation fractionation /frac·tion·a·tion/ (frak?shun-a´shun) 1. in radiology, division of the total dose of radiation into small doses administered at intervals. 2. businesses, including the storage and propylene businesses recently acquired from Diamond-Koch. Before joining Enterprise, Radtke served as President of the Diamond-Koch joint venture. At Diamond-Koch, he was responsible for the storage and the propylene fractionation businesses acquired by Enterprise and the joint venture's NGL NGL - A dialect of IGL. fractionation and pipeline businesses. Radtke served Ultramar Diamond Shamrock for eighteen years with responsibilities for commercial activities in their petrochemical business, the development of an Argentine solvents business, economic analysis and forecasting. Radtke graduated from Texas Tech University with a B.B.A. in finance. He later earned an M.B.A. from Incarnate in·car·nate adj. 1. a. Invested with bodily nature and form: an incarnate spirit. b. Embodied in human form; personified: a villain who is evil incarnate. Word University and completed studies in chemistry at Duke University. Collingsworth, 47, will be responsible for Enterprise's NGL fractionation business. He has twenty-seven years of experience in the NGL, petrochemical and refining industries. Prior to joining Enterprise, Collingsworth was Senior Vice President of NGL Assets and Business Services for Texaco and a board member of Texaco Canada Petroleum Inc. He served in the Texaco organization for ten years. Before he joined Texaco, Collingsworth was Director of Feedstocks for Rexene Petrochemical Company and served in the MAPCO MAPCO Mid-America Pipeline Company organization for fifteen years in various capacities including customer service, planning and tariffs and business development. Collingsworth earned a B.S. degree from Northeastern State University NSU offers 69 undergraduate degrees, 18 graduate degrees, and 13 preprofessional programs in five colleges (Business & Technology, Liberal Arts, Education, Optometry, and Health & Science Professions). The student-to-faculty ratio is 26 to 1. and completed studies in the M.B.A. program at the University of Texas in Dallas. "I am very pleased to announce the additions of Gil Radtke and Jim Collingsworth to Enterprise's management team. Both of these men have established records of creating economic value through their development and management of NGL and petrochemical service businesses," stated O.S. "Dub" Andras, President and Chief Executive Officer of Enterprise. "We believe they will make significant contributions in the future success and growth of our partnership." Enterprise Products Partners L.P. is the second largest publicly traded, midstream energy partnership with an enterprise value of approximately $5.5 billion. Enterprise is a leading provider of midstream energy services to producers and consumers of natural gas and natural gas liquids ("NGLs"). The Company's services include natural gas transportation, processing and storage and NGL fractionation (or separation), transportation, storage and import/export terminaling. The Company's assets are geographically focused on the United States' Gulf Coast, which accounts for approximately 55 percent of both domestic natural gas and NGL production and 75 percent of domestic NGL demand. This press release includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 based on the beliefs of the company, as well as assumptions made by, and information currently available to, management. Although Enterprise believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. |
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