Plains GP names new Chief Accounting Officer
Plains GP Holdings, L.P. announced a planned leadership change in its senior accounting roles.
Rhea-AI Filing Summary
Plains GP Holdings, L.P. announced a planned leadership change in its senior accounting roles. Effective September 1, 2026, Russ Montgomery will become Vice President, Accounting and Chief Accounting Officer of the general partners of both Plains All American Pipeline, L.P. and Plains GP Holdings, L.P.
Chris Herbold, who has been Senior Vice President, Finance and Chief Accounting Officer for both entities, will retire on August 31, 2026. Montgomery, age 50, has held a series of progressively senior accounting roles at Plains All American since 2002, including Vice President, Controller since 2019.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Effective date of promotion: September 1, 2026
Retirement date: August 31, 2026
Executive age: 50
+2 more
5 metrics
Effective date of promotion
September 1, 2026
Montgomery assumes VP, Accounting and Chief Accounting Officer roles
Retirement date
August 31, 2026
Herbold retires as Senior Vice President, Finance and Chief Accounting Officer
Executive age
50
Age of Russ Montgomery at time of announcement
Service at Plains
Since 2002
Montgomery’s tenure at Plains All American
Prior firm tenure
Four years
Montgomery’s experience at Arthur Andersen LLP before joining Plains
Key Terms
Chief Accounting Officer, general partner, Senior Vice President, Finance, emerging growth company
4 terms
Chief Accounting Officer financial
"will be promoted to the position of Vice President, Accounting and Chief Accounting Officer"
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.
general partner financial
"Chief Accounting Officer of Plains All American GP LLC, the general partner of PAA, and PAA GP Holdings LLC, the general partner of PAGP"
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
Senior Vice President, Finance financial
"previously served as Senior Vice President, Finance and Chief Accounting Officer of PAA and PAGP"
emerging growth company regulatory
"Emerging growth company o"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What leadership change did Plains GP Holdings (PAGP) announce on June 1, 2026?
Plains GP Holdings announced that Russ Montgomery will become Vice President, Accounting and Chief Accounting Officer effective September 1, 2026. He will assume these roles for the general partners of both Plains All American Pipeline and Plains GP Holdings following a planned retirement.
When will Chris Herbold retire from Plains GP Holdings (PAGP) and Plains All American Pipeline?
Chris Herbold will retire on August 31, 2026, from his role as Senior Vice President, Finance and Chief Accounting Officer. His retirement aligns with a planned transition of chief accounting responsibilities to long-time Plains executive Russ Montgomery the following day.
Who is Russ Montgomery, the new Chief Accounting Officer at Plains GP Holdings (PAGP)?
Russ Montgomery is a 50-year-old accounting executive who joined Plains in 2002. He has served as Vice President, Controller since 2019 and previously held roles including Controller, Director of Operational Accounting, Manager of Crude Oil Accounting, and SEC and Financial Reporting Senior Analyst.
Which entities will Russ Montgomery serve as Chief Accounting Officer for at Plains GP Holdings (PAGP)?
Russ Montgomery will serve as Chief Accounting Officer of Plains All American GP LLC, the general partner of Plains All American Pipeline, and PAA GP Holdings LLC, the general partner of Plains GP Holdings. This places him in key accounting leadership roles across both platforms.
What experience does Russ Montgomery bring to his new role at Plains GP Holdings (PAGP)?
Russ Montgomery brings over two decades of experience with Plains, including leadership in controller and operational accounting roles. Before joining Plains in 2002, he spent four years at Arthur Andersen LLP, adding public accounting and financial reporting expertise to his background.
AI-generated analysis. How Rhea-AI works. Not financial advice.
