Crestwood Equity Partners has appointed John Black as its new CFO. He replaces Robert Halpin, who had been CFO since 2015. Mr Halpin will remain with the company as President, a role he took over in January.
Crestwood owns and operates midstream businesses primarily in the Williston, Powder River and Delaware Basins. In February, it completed the acquisition of Oasis Midstream for $1.8 billion. The company currently has a market cap of $2.9 billion and has its head office in downtown Houston.
Mr. Black, age 34, joined Crestwood in 2014 and was formerly the Senior VP, Finance. Prior to joining Crestwood, he held positions at First Reserve and Citi. He will receive a base salary of $400,000.
Josh Wannarka, Senior VP, Investor Relations, has been promoted to to Mr. Black’s old position. He joined the company in 2015. In his new expanded role, Mr. Wannarka will oversee the investor relations team and the full financial planning and analysis function.
Andrew Thorington, VP of Finance, has been promoted to VP, Finance and Investor Relations. He joined the company in 2014.