EnLink Midstream, LLC announced that Chairman and CEO Barry E. Davis will retire from EnLink, the company he led the founding of, after more than 25 years of leadership. Davis will step down from his position as Chairman and CEO on June 20, 2022, at which point Jesse Arenivas will join EnLink as CEO and a director on the EnLink Board of Directors (Board), and Leldon E. Echols will become the Chairman of the Board. Davis will continue in an advisory role until August 31, 2022, to ensure a seamless transition.

Davis led EnLink Midstream's predecessor, Crosstex Energy, from its founding in 1996 through the 2014 merger of Crosstex with midstream assets from Devon Energy Corp., the transaction that created EnLink. Under Davis' leadership, EnLink evolved into a Fortune 500 integrated midstream company with a strong financial foundation and a diverse geographic footprint in several top U.S. basins, which is also pursuing innovative and sustainable energy transition opportunities, such as carbon dioxide (CO2) capture and sequestration (CCS). Arenivas comes to EnLink after almost 20 years with Kinder Morgan Inc. (KMI), where he helped the company grow to become the largest transporter of CO2 in North America.

He served as President of the CO2 segment since 2014 and was appointed President of KMI's Energy Transition Ventures team upon its formation in early 2021. He joined KMI in 2003 and previously served in various financial, accounting, and business development roles, including Vice President of Finance and Accounting for KMI's CO2 business segment. Before joining KMI, Arenivas spent five years at ConocoPhillips Co.

in financial and commercial roles. Echols will become the Chairman of the Board on June 20. He remains the chair of the Board's Audit Committee and a member of the Board's Governance & Compensation Committee.

Echols has a long history with EnLink, having been a director on the Board since the company formed in 2014 and a member of EnLink's predecessor company's board since 2008. Davis' anticipated retirement from EnLink was a part of the succession plan developed and administered by EnLink's Board to maintain strategic leadership continuity, continue to focus on shareholder value, and secure EnLink's long-term success. The Board expresses gratitude to Davis for his service and confidence in Arenivas as the new chief executive.