Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when PAGP files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsPlains GP Holdings announces Chief Accounting Officer succession as Herbold retires
Filed June 2, 2026 · Period ending June 1, 2026 · ~1 min read
Key Changes
-
medium
Chief Accounting Officer Chris Herbold retiring August 31, 2026 after serving as Senior VP Finance and CAO; Russ Montgomery promoted to succeed him effective September 1 with no leadership gap.
Item 5.02 verify on EDGAR → -
low
Montgomery brings 24 years of company experience, including 7 years as VP and Controller since 2019, with prior roles spanning SEC reporting, operational accounting, and public accounting at Arthur Andersen.
Item 5.02 verify on EDGAR →
Summary
Plains GP Holdings disclosed a planned succession in its Chief Accounting Officer role. Chris Herbold, who has served as Senior Vice President, Finance and Chief Accounting Officer, will retire on August 31, 2026. Russ Montgomery, currently Vice President and Controller, will be promoted to CAO effective September 1, ensuring seamless continuity in the company's financial reporting leadership.
For retail investors, this represents an orderly leadership transition with minimal risk. Montgomery's 24-year tenure at Plains, including seven years as Controller overseeing financial reporting, suggests deep institutional knowledge and familiarity with the company's complex midstream energy operations. The internal promotion and planned transition timeline indicate management stability.
Investors should monitor the company's next 10-Q filing after September 1 to confirm Montgomery has assumed the CAO role and signed the financial statements. Any changes to accounting policies or internal control assessments in upcoming filings would warrant attention, though none are expected given the continuity of this succession.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 1, 2026, Plains All American Pipeline, L.P. (“PAA”) and Plains GP Holdings, L.P. (“PAGP” or the “Registrant”) announced that effective September 1, 2026, Russ Montgomery will be promoted to the position of Vice President, Accounting and Chief Accounting Officer of Plains All American GP LLC, the general partner of PAA, and PAA GP Holdings LLC, the general partner of PAGP. Chris Herbold, who previously served as Senior Vice President, Finance and Chief Accounting Officer of PAA and PAGP, is retiring from the company on August 31, 2026.
The company disclosed a planned leadership transition in its accounting function. Chris Herbold, the current Chief Accounting Officer, is retiring effective August 31, 2026. Russ Montgomery, currently Vice President and Controller, will be promoted to Chief Accounting Officer effective September 1, 2026, ensuring continuity with no gap in leadership.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Mr. Montgomery, age 50, has served as Vice President, Controller of PAA since 2019. He previously served as Controller from 2010 to 2019, Director of Operational Accounting from 2008 to 2010, Manager of Crude Oil Accounting from 2005 to 2008 and SEC and Financial Reporting Senior Analyst from 2002 to 2005. Prior to joining PAA in September 2002, Mr. Montgomery spent four years working for the accounting firm Arthur Andersen LLP.
The incoming Chief Accounting Officer has 24 years of experience with the company across multiple accounting roles, including 7 years as Vice President and Controller. His background includes SEC reporting expertise and prior public accounting experience at Arthur Andersen. This internal promotion suggests strong institutional knowledge and continuity in financial reporting practices.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jun 2, 2026 · How we verify