Blue Racer Midstream CFO Promoted over President to Become CEO

Some changes at the top of Blue Racer Midstream–the pipeline and processing plant company formed in 2012 as a joint venture between Caiman Energy II and Dominion and focused totally on the Marcellus and Utica Shale region. Jack Lafield, founder and CEO of Caiman Energy (sold to Williams for $2.5 billion) and current CEO of Caiman Energy II and Blue Racer, has stepped down as CEO of both companies. Lafield will continue to serve as chairman of the board for Caiman Energy II and remains a member of the board for Blue Racer. In his place Stephen Arata, CFO for both companies, has been named CEO for both Caiman Energy II and Blue Racer Midstream. Although the announcement that Lafield is “retiring” from his post as CEO of both Caiman and Blue Racer as of today (see below), the official biography for Arata on the Blue Racer website says the transition became effective on April 1st–not sure why there is a discrepancy. What’s equally intriguing (to MDN) is that Caiman/Blue Racer’s current president and COO, Rick Moncrief, was not promoted to the top spot and instead Arata, the CFO, was–which is not the typical succession path…

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