Fowler, who has served as a director of the general partner since 2011 and as co-CEO since 2020, will assume Teague’s full responsibilities upon his departure. The company’s leadership history remains deeply intertwined; both men joined the organization in 1999, navigating its growth through decades of energy market volatility. Fowler’s background includes dual tenures as finance chief, spanning from 2007 to 2015 and again from 2018 to 2024.

The leadership change coincides with a broader reorganization of the firm’s management oversight group. Enterprise Products Partners will expand its office of the chairman, a body designed to facilitate communication between the general partner and senior management. As Teague exits this group, the company has appointed Tug Hanley as chief commercial officer and R. Daniel Boss as the new chief financial officer to bolster the executive team.