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Enterprise Elects Two Directors; Announces Promotions.


Business/Energy Editors

HOUSTON--(BUSINESS WIRE)--Aug. 10, 2000

Enterprise Products Partners L.P. (NYSE NYSE

See: New York Stock Exchange
:EPD EPD

expected progeny difference.
) announced that the board of directors of Enterprise Products GP, LLC, the general partner of Enterprise, has elected Richard S. Snell and Richard H. Bachmann as directors. These additions bring Enterprise's board to ten members. The board also elected Michael J. Knesek, vice president and controller, to the additional post of principal accounting officer and W. Randall Fowler as vice president, investor relations and treasurer.

Snell will serve on the Audits and Conflicts Committee of the board of directors. He is a partner in the Houston office of the Dallas-based law firm of Thompson, Knight, Brown, Parker & Leahy L.L.P. Prior to joining Thompson in 2000, Snell was the founder and a member of the firm Snell & Smith P.C. He earned a Juris Doctor from the University of Texas School of Law The University of Texas School of Law is an ABA-certified American law school located on The University of Texas at Austin campus. The law school has been in existence since the founding of the University in 1883.  and a B.A. from Southern Methodist University Southern Methodist University, at Dallas, Tex.; United Methodist; coeducational; chartered 1911. The school's facilities include laboratories for electron microscopy and stable isotopes, a museum of paleontology, and a graduate research center. . Snell is a member of the State Bar of Texas and the American and Houston Bar Associations, a fellow in the Texas Bar Foundation and a Certified Public Accountant Certified Public Accountant (CPA)

An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state.
.

Bachmann joined Enterprise in 1999 as executive vice president and chief legal officer of the general partner. Previously, he was a partner in the law firms of Snell & Smith P.C. and Butler & Binion. Bachmann earned a Juris Doctor from the University of Houston Law Center The University of Houston Law Center—founded in 1947 as Bates College of Law—is an American Bar Association accredited law school and one of the 13 academic colleges at the University of Houston. It awards the Juris Doctor (J.D.  and a B.A. from Southwestern University. He is a member of the State Bar of Texas and the American and Houston Bar Associations and a fellow in the Texas Bar Foundation and the Houston Bar Foundation.

Knesek joined Enterprise in 1981 as revenue accounting manager and has since served in various managerial accounting positions including general manager of accounting. In 1990, he was elected vice president and controller. Knesek has twenty-five years of accounting experience including five years with Union Texas Petroleum prior to joining Enterprise. He holds a B.B.A. degree with a major in accounting from Texas A&M University - Kingsville, formerly Texas A&I University, and is a Certified Public Accountant. He is a member of the American Institute of Certified Public Accountants With over 330,525 CPA members (in August 2006), the American Institute of Certified Public Accountants (AICPA) is the largest professional organization of Certified Public Accountants (CPAs) in the United States of America.  and the Houston Chapter of the Texas Society of Certified Public Accountants. Knesek's responsibilities at Enterprise include all corporate accounting and reporting functions as well as tax and SEC accounting and reporting duties.

Fowler joined Enterprise as director of investor relations in 1999. He has over twenty years of experience in corporate finance, investor relations, strategic planning and accounting. Prior to joining Enterprise, Fowler was assistant treasurer with NorAm Energy Corp. He was chief financial officer of Butler Johnson Inc. before joining NorAm Energy. Fowler earned an M.B.A. in finance and a B.S. in accounting from Louisiana Tech University Louisiana Tech University, at Ruston; coeducational; state supported; chartered 1894, opened 1895 as an industrial institute. It became Louisiana Polytechnic Institute in 1921 and attained university status in 1970. . Fowler's responsibilities will include the treasury functions and investor relations.

Enterprise Products Partners L.P. is the second largest publicly traded partnership Publicly Traded Partnership

A limited partnership that also has interests traded in the equity securities market.

Notes:
This is also known as a master limited partnership.
See also: Master Limited Partnership, Partnership, Public Company
 with an enterprise value of approximately $2.3 billion. Enterprise is a leading integrated provider of processing, 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.
, storage, transportation and terminalling services to producers and consumers of natural gas liquids ("NGLs") and other liquid hydrocarbons. The Company's assets are geographically focused on the United States' Gulf Coast, which accounts for approximately 55 percent of domestic NGL NGL - A dialect of IGL.  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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Publication:Business Wire
Date:Aug 10, 2000
Words:614
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