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Tallgrass Announces CEO Transition

Matt Sheehy to Become President and CEO, William Moler Appointed Non-Executive Chairman.

Feb 7, 2022 10:00 AM Mountain Standard Time

LEAWOOD, Kan. & DENVER--(BUSINESS WIRE)-- Tallgrass Energy, LP today announced that the Board of Directors of the general partner (“the Board”) has appointed William R. (Bill) Moler to Non-Executive Chairman of the Board effective July 1, 2022. At that time, Moler will step down as CEO and Tallgrass President Matthew (Matt) Sheehy will assume the role of President and Chief Executive Officer. Also effective July 1, Moler will become a Senior Advisor for Blackstone Infrastructure Partners.

“I have worked with Matt since our company’s inception,” Moler said. “I am excited about Tallgrass’ prospects and growth opportunities with him at the helm as President and CEO. During Matt’s tenure at Tallgrass, he has held vital roles as General Manager of Rockies Express Pipeline, as Chief Commercial Officer, and as President. Matt has had a long track record of success and has built a team of extremely talented individuals that will continue to advance our company’s initiatives in the coming years. The Board, our investors and I are confident that Matt is the right person to lead this company into the future.”

Tallgrass Director Matthew Runkle, a Senior Managing Director in Blackstone's Infrastructure Group, added, “Matt’s broad industry experience, knowledge of Tallgrass and clear leadership skills position him well for future success. As for Bill, Blackstone is incredibly pleased that he will remain involved with Tallgrass and its team in its next phase of growth. With more than three decades of experience and a deep expertise in the midstream and energy transition sectors, Bill has been invaluable at Tallgrass and we look forward to his continued leadership in his new roles.”

“I am thrilled to move into the Board Chairman role and to be a Senior Advisor to Blackstone,” Moler said. “Together we have built an outstanding Board with diverse knowledge of the global energy industry, and I look forward to continuing our work in a different capacity as we navigate the future.”

“I want to congratulate Bill on tackling the next phase of his career,” Sheehy said. “He leaves an incredible legacy at Tallgrass, and I’m honored to follow in his footsteps. Bill’s tireless efforts and steady leadership since 2012 have been tremendously appreciated by the entire Tallgrass Team, and we are thrilled with his continued involvement as Chairman of the Board. As President and CEO, I look forward to building on Bill’s legacy as Tallgrass looks to play an integral role in accelerating the energy transition.”

About Tallgrass

Tallgrass is a leading energy infrastructure company focused on safely, reliably and sustainably delivering the energy and services that fuel homes and businesses and enable quality of life. We are committed to being at the forefront of efforts to decarbonize our world. An investor group led by Blackstone Infrastructure Partners, which includes Enagás SA, GIC, NPS and USS, owns the outstanding equity interests in Tallgrass. Visit Tallgrass.com to learn more.

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Source: Tallgrass