PLAINS GP HOLDINGS LP 8-K

What Happened
Plains All American Pipeline, L.P. and Plains GP Holdings LP (PAGP) announced on June 1, 2026 (8‑K filed June 2, 2026) that Senior Vice President, Finance and Chief Accounting Officer Chris Herbold will retire effective August 31, 2026. Russ Montgomery, currently Vice President, Controller of PAA, will be promoted to Vice President, Accounting and Chief Accounting Officer of Plains All American GP LLC and PAA GP Holdings LLC effective September 1, 2026.

Key Details

• Filing: Form 8‑K (Item 5.02) filed June 2, 2026 reporting the officer change.
• Retirement date: Chris Herbold retires August 31, 2026.
• Successor effective: Russ Montgomery promoted effective September 1, 2026.
• Montgomery background: Age 50; Controller since 2019; previously Controller (2010–2019), Director of Operational Accounting (2008–2010), Manager of Crude Oil Accounting (2005–2008), SEC & Financial Reporting Senior Analyst (2002–2005); joined PAA in Sept 2002 after four years at Arthur Andersen LLP.

Why It Matters
This is a planned, internal leadership transition in the company’s accounting function—key for financial reporting and internal controls. Investors should note the company promoted an experienced, long‑tenured internal executive, which may support continuity in accounting and SEC reporting. The 8‑K does not disclose compensation or other departure arrangements in this filing.