Harry N. Pefanis is the President of Plains All American Pipeline, L.P. Since taking the helm in 2017, he has leveraged his extensive experience in operations and commercial strategy to influence the company significantly. Pefanis has worked within the Plains...
Harry N. Pefanis is the President of Plains All American Pipeline, L.P. Since taking the helm in 2017, he has leveraged his extensive experience in operations and commercial strategy to influence the company significantly. Pefanis has worked within the Plains organization for many years, holding various roles that provided deep insights into the midstream sector, where he started as a Special Assistant in 1983. His vast knowledge spans across operations, marketing, and strategic planning. Under his leadership, the company is structured to enhance governance and investor alignment. Intriguingly, during his tenure, the company has seen substantial fluctuations in its market value, which reached a staggering $5.52 billion in September 2019 before dropping to around $4.85 billion the following month. His compensation in 2023 was approximately $2.05 million, primarily due to performance-based bonuses that reflect the company's success. Pefanis chooses not to engage in stock awards, focusing instead on cash performance incentives, illustrating a straightforward approach to executive compensation. He's been directly involved with the company since its inception, proving that long-term dedication pays off in both knowledge and leadership ability.