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Former Houston CEO to leave Enbridge board

Joshua Mann
Former Houston CEO to leave Enbridge board

The retired CEO of Houston-based Marathon Oil Corp. (NYSE: MRO) plans to leave Enbridge's board of directors this year. Clarance Cazalot, who was also on Houston-based Spectra Energy Inc.’s board until Enbridge Inc. (NYSE: ENB) bought it in 2017, will not stand for reelection to his position on the Enbridge board in May, according to a filing published by the Securities and Exchange Commission on March 12. Cazalot has been on Enbridge’s board since the Spectra acquisition in February 2017, but other personal and professional demands on his time have led him not to seek re-election at the company’s annual meeting of shareholders, according to the SEC filing.