internal
A. James Teague
Co-Chief Executive Officer
Executive
7 yr
3 reports
Enterprise Products Partners L.P. ·EPD
Two long-tenured Co-CEOs jointly run the partnership
Energy · Fortune #78 · Hybrid structure · 8K employees · Houston, Texas
View as of:
6
CEO span
↓ tighter than peers (avg 7)
3.3
Avg span
moderate
2
Max depth
2 levels
4.8 yr
Avg tenure
stable vs FY2024
83%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$52.6B
Operating income
$7.3B
Net income
$5.8B
Total assets
$77.9B
Shares out
2.16B
Sourced from Enterprise Products Partners L.P. 10-K · filed 2026-02-27 ↗ View on SEC
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Enterprise Products Partners L.P. organizational chart
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Enterprise Products Partners is governed by an uncommon co-CEO structure, with James Teague and Randy Fowler jointly leading the partnership. This page details the executive hierarchy, compensation-linked leadership history, and how Enterprise’s stable, internally promoted team compares with pipeline peers.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Michael C. Hanley joined as Executive Vice President and Chief Commercial Officer
Appointed effective December 1, 2025
Source · See change logScenario views in the chart
- Transition to a Single CEO The board could consolidate leadership by appointing one Co-CEO as sole CEO, simplifying decision authority.
- Add Chief Energy Transition Officer Create a new executive role focused on decarbonization and energy transition strategy reporting to the Co-CEOs.
Atlas work this supports
- Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
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- Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.
The people
Who's running this
7 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
W. Randall Fowler
Co-Chief Executive Officer
Executive
7 yr
2 reports
internal
Graham W. Bacon
Executive Vice President and Chief Operating Officer
Operations
6 yr
0 reports
internal
R. Daniel Boss
Executive Vice President and Chief Financial Officer
Finance
2 yr
0 reports
Michael C. Hanley
Executive Vice President and Chief Commercial Officer
Commercial
1 yr
0 reports
internal
Christian M. Nelly
Executive Vice President, Finance and Sustainability, and Treasurer
Finance & Sustainability
6 yr
0 reports
internal
Harry P. Weitzel
Executive Vice President, General Counsel and Secretary
Legal
10 yr
0 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 2 named executive officers disclosed. Bar length scales with total compensation.
A. James Teague $16.0M
- Base salary
- $1.26M
- Bonus
- $4.00M
- Stock awards
- $9.11M
- Other
- $1.63M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
W. Randall Fowler $12.0M
- Base salary
- $943K
- Bonus
- $3.00M
- Stock awards
- $6.83M
- Other
- $1.22M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The businesses
How Enterprise Products Partners L.P. divides the work
4 divisions report into the group CEO. Tile size scales with estimated headcount.
Operations
4K employees
Chief Operating Officer (Graham W. Bacon)
Manages pipeline, terminal, and processing operations across Enterprise’s asset footprint.
Commercial
900 employees
Chief Commercial Officer (Michael C. Hanley)
Oversees customer contracts, marketing, and commercial strategy.
Finance
600 employees
Chief Financial Officer (R. Daniel Boss)
Responsible for accounting, capital markets, risk, and financial planning.
Legal & Governance
150 employees
General Counsel (Harry P. Weitzel)
Handles legal, regulatory, and governance matters for the partnership.
The thesis
Why this org is unusual
Enterprise Products Partners is unusual among large-cap energy companies in being led by two Co-CEOs with parallel authority rather than a single chief executive.
James Teague and Randy Fowler jointly oversee the partnership, with major functions split across them rather than consolidated under a COO or president.
The structure reflects Enterprise’s heritage as a founder-controlled partnership, emphasizing continuity and internal promotion. Most senior executives, including the CFO, COO, and sustainability leader, were promoted internally, reinforcing a long-tenure, low-turnover leadership model.
Operationally, the organization remains functionally oriented, with commercial, operations, finance, and legal heads reporting directly to one of the two Co-CEOs. This results in a relatively wide top span but limited depth, consistent with Enterprise’s stable asset base and conservative growth strategy.
- Co-CEO structure
- No standalone compensation committee
- High insider ownership
The comparison
How Enterprise Products Partners L.P. stacks up
Compared with pipeline peers, Enterprise’s co-CEO model stands out. Kinder Morgan and Williams each operate with a single CEO supported by a COO, while Energy Transfer uses a more centralized CEO-chairman structure. Enterprise’s shared leadership reduces dependence on any single executive but can slow decision-making. …
C-suite size
Reporting depth
Enterprise Products Partners L.P.
2 levels
4 levels
Williams Companies
5 levels
4 levels
5 levels
Avg C-suite tenure
Enterprise Products Partners L.P.
5 yr
5 yr
Williams Companies
4 yr
6 yr
4 yr
Has COO / Has CAIO
Enterprise Products Partners L.P. ✓ COO — no CAIO
Williams Companies ✓ COO — no CAIO
Current signals
What changed recently
The most significant recent change was the May 2025 departure of long-time CCO Brent Secrest and the appointment of Michael Hanley later in 2025.
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
10-K filed 2026-02-27
- CEO
- A. James Teague & W. Randall Fowler
- CEO span
- 6
- C-suite
- 6
- Avg tenure
- 4.5 yr
Commercial leadership transitioned late in the year following a resignation.
Named executive officers (5)
- A. James Teague - Co-CEO since 2019
- W. Randall Fowler - Co-CEO since 2019
- R. Daniel Boss - CFO since 2024
- Graham W. Bacon - COO since 2019
- Christian M. Nelly - EVP Finance & Sustainability since 2019
FY2024
10-K filed 2025-02-28
- CEO
- A. James Teague & W. Randall Fowler
- CEO span
- 6
- C-suite
- 6
- Avg tenure
- 4.2 yr
CFO succession from Fowler to Boss was the key change.
Named executive officers (5)
- A. James Teague - Co-CEO since 2019
- W. Randall Fowler - Co-CEO since 2019
- R. Daniel Boss - CFO since 2024
- Graham W. Bacon - COO since 2019
- Brent B. Secrest - CCO since 2017
FY2023
10-K filed 2024-02-28
- CEO
- A. James Teague & W. Randall Fowler
- CEO span
- 5
- C-suite
- 5
- Avg tenure
- 3.9 yr
Finance and IT were combined under Boss prior to his CFO promotion.
Named executive officers (5)
- A. James Teague - Co-CEO since 2019
- W. Randall Fowler - Co-CEO & CFO since 2019
- Graham W. Bacon - COO since 2019
- Brent B. Secrest - CCO since 2017
- R. Daniel Boss - EVP Accounting & IT since 2019
Year-over-year changes
The main change was the internal promotion of Daniel Boss to CFO, increasing C-suite size.
- CEO span: 5 → 6
- C-suite size: 5 → 6
- Avg tenure: 3.9 → 4.2 yr
- promoted R. Daniel Boss - Chief Financial Officer (was EVP Accounting, Risk Control and IT) (10-K filed 2025-02-28)
Commercial leadership turned over, but overall structure remained stable.
- CEO span: 6 → 6
- C-suite size: 6 → 6
- Avg tenure: 4.2 → 4.5 yr
- departed Brent B. Secrest - Chief Commercial Officer (was CCO) (10-K filed 2026-02-27)
- new Michael C. Hanley - Chief Commercial Officer (10-K filed 2026-02-27)
Frequently Asked Questions
Who is the CEO of Enterprise Products Partners?
Enterprise Products Partners is led by two Co-CEOs: A. James Teague and W. Randall Fowler, who have served jointly since 2019.
What type of organizational structure does Enterprise Products Partners use?
Enterprise uses a hybrid functional structure anchored by a co-CEO model and strong internal promotion culture.
How many direct reports does Enterprise Products Partners' CEO have?
Each Co-CEO has roughly six direct reports, covering finance, operations, commercial, legal, and sustainability roles.
How has Enterprise Products Partners' leadership changed recently?
In 2025, longtime Chief Commercial Officer Brent Secrest departed and was succeeded by Michael Hanley in December 2025.
Does Enterprise Products Partners have a COO?
Yes. Graham W. Bacon serves as Executive Vice President and Chief Operating Officer, reporting to one of the Co-CEOs.
Sources
- 10-K Filing, Feb 2026
- SEC EDGAR: Enterprise Products Partners L.P. DEF 14A Proxy Statement
- SEC EDGAR: Enterprise Products Partners L.P. 10-K Annual Report
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). Enterprise Products Partners L.P. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/enterprise-products-partners/MLA 9th
"Enterprise Products Partners L.P. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/enterprise-products-partners/. Accessed .Chicago 17
Creately. "Enterprise Products Partners L.P. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/enterprise-products-partners/.Original SEC source View on SEC ↗
Enterprise Products Partners L.P.. 10-K. Filed 2026-02-27. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1061219/000106121926000006/epd-20251231.htmPermanent URL: https://creately.com/org-chart/fortune-500/enterprise-products-partners/ · last updated 2026-04-01