EIM Capital has added J. Michael Stice to its board of advisors. Stice is the former CEO of Access Midstream Partners LP. Before that, he was president and chief operating officer at Chesapeake Midstream Development LP and senior vice president of natural gas projects at Chesapeake Energy.
MEXICO CITY, Oct. 29, 2015 /PRNewswire/ — Mexico’s EIM Capital and J. Mike Stice today announced Mr. Stice’s appointment to EIM Capital’s Board of Advisors, where he joins similar luminaries such as former Mexican President Vicente Fox, former Minister of Communication and Transportation Pedro Cerisola, and the Dean of Escuela Libre de Derecho Fauzi Hamdan.
Mr. Stice’s experience spans four decades in the creation and management of international upstream and midstream infrastructure operations, including shale oil & gas, LNG, on- and offshore hydrocarbon transportation, and storage. Mexico currently holds some of the world’s largest oil and gas reserves, much of which will require ongoing large investment into new or updated midstream infrastructure as on- and offshore production accelerates over the next 5 years.
“Mike is one of the most admired people in the energy industry, globally, in the U.S., and in academia. His experience building out Chesapeake’s midstream division around unconventional plays and his global experience will be invaluable. His belief in the future of Mexico from an investor and academic perspective is another vote of confidence in Mexico’s energy reform. We are honored and enthusiastic to welcome him as the newest member of the team,” stated Franco C. Hamdan, Chief Executive Officer of EIM Capital.
Mr. Stice added: “I am proud to join EIM Capital, with the shared goal of creating jobs and prosperity for the Mexican people through significant investment into a key industry. I am impressed with the speed at which the Mexican government has advanced and the early success of the reform. However, while I am confident that Mexico can achieve success akin to what we experienced in the US over the past 10 years, it will require a more practical approach by the Mexican government, enhanced security, increased skills training, and trustworthy partners such as EIM Capital. If that happens, and we believe that we can help make it happen, Mexico will be a completely different and prosperous country 10 years from today,” said Stice.
Prior to serving as CEO of Access Midstream Partners, L.P., Mr. Stice served as President and Chief Operating Officer of Chesapeake Midstream Development, L.P., and as Senior Vice President of Natural Gas Projects of Chesapeake Energy. Before joining Chesapeake in 2008, Mr. Stice spent 27 years with ConocoPhillips and its predecessor companies, where he most recently served as President of ConocoPhillips Qatar, responsible for the development, management and construction of natural gas liquefaction and regasification (LNG) projects. While at ConocoPhillips, he also served as Vice President of Global Gas LNG, as President of Gas and Power and as President of Conoco Energy Solutions in addition to other roles in ConocoPhillips’ upstream and midstream business units. Mr. Stice serves on the Boards of Directors of the Southern Gas Association and U.S. Silica Holdings, Inc. Mr. Stice received his chemical engineering degree in 1981 from the University of Oklahoma, a master’s degree in business from Stanford University in 1995 and an international director’s diploma from Queensland University in 1997. In 2011, he completed his doctorate of education at The George Washington University.
Mr. Stice currently serves as the Dean of the College of Earth and Energy at Oklahoma University and holds Directors positions at a number of publically-traded companies, such as Sandridge Energy, U.S. Silica Holdings, and MarkWest Energy Partners. Mr. Stice was previously also a Director at Williams Partners.
About EIM Capital
EIM Capital is a private equity investment manager with offices in Mexico City and Dallas, Texas. EIM Capital’s purpose and motivation is to foment growth, economic development and prosperity by attracting and working with global institutional investors and operators to find, invest, and manage top tier opportunities in the Mexican energy industry.