10 Things You Didn’t Know about EnLink Midstream CEO Michael J. Garberding

Michael Garberding

In January 2018, Michael J. Garberding became the President and Chief Executive officer of EnLink Midstream LLC. For him to hold such an office, the board must have reviewed his work ethic and background. Among the things you probably do not know that qualified him for the job as disclosed in his LinkedIn profile include:

1. He was assistant treasurer at TXU Corp

It looks like every company that Michael has worked in either ends up being sold or worse, dissolved or bankrupt. He was an assistant treasurer at TXU Corp focusing on structured transactions such as the sale of TXU Gas Co. and coal plant development. Michael is also hailed for being involved in the $45 billion company’s sale to a group of private investors that included Goldman Sachs, KKR and TPG. According to D Magazine, while the investors lost billions, the stockholders were celebrating the TXU CEO walked away with a payout amounting to $227 million.

2. He was an audit manager at Arthur Andersen LLP

The minute you hear of KPMG, PricewaterhouseCoopers and Ernst & Young, you get a picture of the highest-rated auditing companies in the world. Michel Garberding used to work for such a firm. It was called Arthur Andersen LLP, but after the Enron scandal, it was dissolved following its being found guilty of criminal charges. Arthur Andersen was once one of the largest multinationals in the world, but since it used to audit the books of Enron, its fate became similar to that of Enron.

3. He got his undergraduate degree from Texas A&M University

Upon graduating from Memorial High School, Michael joined Texas A&M University in 1987 where he studied until his graduation in 1991. Michael earned his Bachelor’s degree in accounting from the institution before proceeding for his masters. Since being admitted into the university requires a GPA of at least 3.64, Michael must have been an outstanding student. Texas A&M University appears to be an ideal for platform preparing its students for various professions because some of the notable alumni are basketball players, football players and entrepreneurs among many other lucrative jobs.

4. He holds a master’s degree from the University of Michigan

Michael seems to be a focused individual who was determined to get a proper education before looking for a job. He did not waste time; moving from high School, he immediately pursued his undergraduate degree and then his masters. Michael joined the University of Michigan, Stephen M. Ross School of Business, in 1998 and graduated in 1999. Some of the most famous people in the world, including Madonna and Lucy Liu are among its notable alumni.

5. He was a finance manager at Enron North America

Upon his graduation from the University of Michigan, Mike Garberding was among the lucky few who did not have to keep applying for jobs because he immediately was recruited by Enron North America. He worked at the company for three years until 2002, and among his accomplishments are being a member of several derivates, finance and structured commodity teams. Unfortunately, the company he worked for was involved in a massive scandal that left it filing for bankruptcy in late 2001 after it was discovered that most of the company’s financial statements were fraudulent.

6. He is on the board of the Master Limited Partnership Association

With an experience of over 25 years in the field of finance, Michael lends his insight by sitting on the board of the Master Limited Partnership Association. For a company to become a member, it must submit an application which is subject to review and approval by the board. Upon approval, new members receive a 50% discount off the membership dues in their first year.

7. He was the Executive President and CFO of Crosstex Energy, L.P.

Michael joined Crosstex in 2008 and held various executive positions. At first, he was the senior vice president in charge of business development and finance before becoming the Senior Vice President and Chief Finance Officer. Mike continued going up the ladder until he was the Executive Vice President and CFO of the company. During his tenure in office, he is acclaimed to be one of the people who played a role in helping the company increase value to its investors by executing its business growth strategy. When Crosstex Energy Inc. merged its assets with Devon Energy Corp. to create EnLink Midstream LLC, Michael rose the ranks again to become the CEO and President.

8. He went to Memorial High School in Houston, Texas

Memorial High School is one of the top-rated public schools in Houston, Texas and Michael Garberding is its alumnus. He attended the School from 1984 to 1987 when he graduated. Memorial High School has a 97% graduation rate, so Mike’s chances of not graduating were very slim. Most of the students choose to further their education at the University of Texas, University of Houston or Texas A7M University depending on their score, according to Niche.

9. He is a member of the American Heart Association

The American Heart Association is a not-for-profit organization based in the USA. It funds cardiovascular medical research, encourages proper cardiac care to reduce mortality and diseases caused by stroke and other cardiovascular diseases, and enlightens consumers on healthy living. On American Heart Association, Michael encourages people to donate towards the noble cause when he reveals that he participates in the heart walk because it promotes making of healthier choices every day.

10. His total compensation is over $3 million per year

Employees have been known to do anything possible to get to that executive office; even if it means putting their morals aside. Michael has worked hard all his life, and as always good deeds never go unrewarded. He now holds one of the highest ranks in the organizational chart of EnLink Midstream LLC as the president, Chief Executive Officer and Director. When these positions are combined, the compensation Michael gets for fulfilling all the duties that come with them is lucrative. According to Wallmine, his total annual salary is $3,543,560, and only Barry Davis earns higher than him since he receives $6.75 million every year.

Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Serguei Beloussov
10 Things You Didn’t Know about Acronis CEO Serguei Beloussov
Peyush Bansal
10 Things You Didn’t Know about Lenskart CEO Peyush Bansal
20 Things You Didn’t Know About Glovo
20 Things You Didn’t Know About Grammarly
10 Stocks to Consider if you Like McDonald’s
10 Stocks to Consider if You Like Nintendo
10 Stocks to Buy That are Like Nike but Cheaper
Home Depot
10 Stocks to Consider if You Like Home Depot
The 20 Best Places to Live in Rhode Island
The 20 Best Places to Live in Germany
Dar es Salaam- Tanzania
The 20 Best Places to Live in Africa
Bar Harbor, ME
The 20 Best Places to Live in the Northeast
Lake Tahoe
The 20 Best Things to Do in Lake Tahoe for First Timers
Hong Kong Restaurant
The 10 Best Seafood Restaurants in Berkeley, CA
The Prince Sakura Tower
The 20 Best Hotels in Tokyo
Palmers Fresh Seafood
The 10 Best Seafood Restaurants in Lexington, KY
Everything We Know About Aston Martin’s Limited Edition V12 Speedster So Far
2020 Lamborghini Huracan EVO
10 Things You Didn’t Know About The Lamborghini Huracan EVO
Ford Mustang Mach-E
20 Things You Didn’t Know About the Ford Mustang Mach-E
Mercedes-Benz Vision AVTR
The Mercedes-Benz Vision AVTR concept
Fossil Q Control
10 Best Fossil Smart Watches Money Can Buy
Stowa Prodiver Lime and Orange
The 20 Best Stowa Watches of All-Time
Spinnaker Hull California Automatic Black Tan
The 20 Best Spinnaker Watches of All-Time
Mido Multifort Automatic Anthracite Dial
The 20 Best Mido Watches of All-Time