Energy Transfer Announces Dec. 31 Retirement of Co-CEO McCrea

Energy Transfer (ET) disclosed last week that co-CEO Marshall "Mackie" McCrea III will retire on or before December 31, 2026, with co-CEO Thomas Long set to become sole CEO upon McCrea’s departure. The company said McCrea cited a desire to pursue personal objectives and spend more time with his family, while also expressing confidence that the partnership is well-positioned for the future. ET owns important assets in the Marcellus/Utica region, including the Mariner East and Rover pipeline systems. Does McCrea's retirement signal anything about the company's future with the M-U?

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