Press release from Business Wire
USA Compression Partners Announces Appointment of Bill Manias as New Chief Operating Officer and Resignation of Current Chief Operating Officer Kevin Bourbonnais
Wednesday, July 10, 2013
USA Compression Partners Announces Appointment of Bill Manias as New Chief Operating Officer and Resignation of Current Chief Operating Officer Kevin Bourbonnais17:15 EDT Wednesday, July 10, 2013
AUSTIN, Texas (Business Wire) -- USA Compression Partners, LP (NYSE: USAC) announced today that William G. “Bill” Manias will replace Kevin M. Bourbonnais as Vice President and Chief Operating Officer. Mr. Bourbonnais has given notice of resignation to pursue new opportunities outside the compression industry. To ensure a smooth transition, Mr. Bourbonnais has agreed to remain available to the Company through at least the end of August. Mr. Manias will start in his new role effective July 15.
“I want to personally thank Kevin for his accomplishments since he joined USA Compression over two years ago,” said Eric D. Long, President and Chief Executive Officer. “He has made significant contributions to our organization by expanding our service offerings and driving new processes that reflect our service commitment to our customers and employees alike. We wish him success in the future.
“At the same time I am delighted that Bill Manias has accepted the position of Chief Operating Officer. Bill has over 20 years of experience in the midstream space as both a banker and corporate executive working with four publicly traded MLPs to acquire and integrate assets. His expertise in a broad range of strategic, financial and operational matters and his significant experience as a C-suite officer in high growth and larger public companies should benefit USA Compression Partners and its unitholders and help our management team to continue to implement our growth strategy,” Long added.
Mr. Manias, a current director of the Company's general partner, will relinquish his position on the Board to allow the Company to add another independent director.
Mr. Manias has served as a director of USA Compression's general partner since February 2013. From October 2009 until January 2013, he served as Senior Vice President and Chief Financial Officer of Crestwood Midstream Partners LP. Before joining Crestwood in 2009, Mr. Manias was CFO of TEPPCO Partners, L.P. from January 2006 through January 2009. From September 2004 until January 2006, he served as Vice President of Business Development and Strategic Planning at Enterprise Product Partners L.P. He previously served as Vice President and CFO of GulfTerra Energy Partners, L.P. from February 2004 to September 2004, when GulfTerra Energy Partners, L.P. merged with Enterprise Product Partners L.P. Earlier, Mr. Manias held several executive management positions with El Paso Corporation and previously worked as an energy investment banker for J.P. Morgan Securities Inc. and its predecessor companies. Mr. Manias earned a B.S.E. in civil engineering from Princeton University, an M.S. in petroleum engineering from Louisiana State University, and an M.B.A. from Rice University.
About USA Compression Partners, LP
USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation's largest independent providers of compression services in terms of total compression unit horsepower. The company partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas. USA Compression focuses on deploying large-horsepower infrastructure applications primarily in high volume gathering systems, processing facilities and transportation applications. More information is available at www.usacpartners.com.
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