Southcross Energy Names Michael Anderson as CFO
Southcross Energy, a Dallas-based midstream natural gas company, has named J Michael Anderson as chief financial officer (CFO), effective 2 April 2012. Anderson has solid leadership expertise in the energy and banking industries, and has served as a key member of company management teams to operate growing global businesses successfully.
At Southcross, he will be responsible for all aspects of finance, tax, financial planning and analysis, treasury, risk management and accounting, which will continue to be managed by David Mueller, chief accounting officer (CAO).
Anderson joins from Exterran, a full-service natural gas compression company. He was senior vice president (SVP) and CFO of Exterran GP, the managing general partner of Exterran Partners. He also served as SVP and CFO of Exterran Holdings, which has an equity interest in Exterran Partners. Anderson was a strategic and operating partner for Exterran’s businesses in 30 countries, and he completed more than US$7bn of debt and equity financing transactions as part of the company’s growth strategy.
Previously, Anderson was CFO of Universal Compression Holdings, an energy company focused on natural gas compression. In 2007, he integrated the merger between Universal Compression Holdings and Hanover Compression to create Exterran Holdings. He also led the 2006 creation and initial public offering of Universal Compression Partners, the first master limited partnership in the natural gas compression industry, whose name was changed to Exterran Partners at the time of Universal’s merger with Hanover.
Anderson also held top management positions at Azurix, a company engaged in the ownership and operation of water and wastewater assets, including chairman and chief executive officer (CEO) and earlier as CFO.
Anderson spent 10 years in the global banking group of JP Morgan Chase & Co, where he specialised in merger and acquisition (M&A) advisory services.