Kelcy Warren is an American business magnate, investor, philanthropist, and author. He served as CEO of Energy Transfer Partners from 1995 to 2016. In January 2017, he was appointed CEO of WEC Energy Group. Forbes said his net worth in 2017 was more than $3 billion.
Warren made his fortune building businesses in the energy sector when most U.S. corporations were scaling back their investment because oil prices were much lower than during the so-called “energy crisis” of the 1970s and early 1980s. He is a major proponent of hydraulic fracturing.
he has also served as CEO of Energy Transfer Partners’ parent companies, Phillips 66 and Sunoco Logistics. Previously, he was Senior Vice President of Phillips Petroleum Company. He also served as Chairman and CEO of the Houston Natural Gas Company (HNG), where he championed natural gas deregulation in Texas.
Kelcy Warren owned more than 50 percent interest in Phillips 66 from 1996 to 2002 and was CEO from 2002 to March 2004, when he left that position to lead Sunoco Logistics Corporation.
He became the chairman of Energy Transfer Partners in 2013, which at that time was known as Energy Transfer Partners L.P. He became CEO in 2014 and resigned in 2016. He remains CEO of Energy Transfer Partners and its parent company, Energy Transfer Equity L.P., which was formed before the Energy Transfer Partners L.P. spinoff.
Kelcy Warren has been a major participant in the energy sector in the United States, where most other corporations were scaling back their investment because oil prices were much lower than they had been during the so-called “energy crisis” of the 1970s and early 1980s. Warren was an early proponent of hydraulic fracturing to unlock natural gas deposits from shale rock formations.
As of 2015, he has been on the Board of Directors for: Marathon Oil Corporation (Chairman since 2003); WEC Energy Group Holdings, Inc. (Chairman since January 2017); Marathon Petroleum Corporation (Chairman since 2016); Phillips 66 (Chairman since 2014); FPL Group Inc. (Director from 2006 to 2014) and Sunoco Logistics Partners L.P. (since 2011). Warren was a director for HNG’s parent company DPL Industries, between 1984 and 1986. Visit this page for additional information.
More about Warren on https://www.utsystem.edu/board-of-regents/current-regents/kelcy-l-warren