Fundraising

Azure Midstream CFO steps down

Mandy Bush has been named as interim replacement for Eric Kalamaras, who is to leave at the end of the year.

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Azure Midstream Energy, a joint venture between Energy Spectrum Capital and Tenaska Capital, has announced that its inaugural chief financial officer (CFO) will be stepping down immediately. 

Eric Kalamaras will be leaving the company after a transition period through the end of the year to “pursue other business interests”, according to a statement.

Mandy Bush, vice president of strategic planning and human resources, is stepping into the role of interim CFO. She previously held a similar position at Marlin Midstream, which she helped float in the summer of 2013, and is a certified public accountant with more than 12 years of experience in energy finance.

When Kalamaras was brought into the team from Valerus Energy Holdings, Azure chief executive IJ 'Chip' Berthelot said he was an “industry all star with proven experience bringing energy companies to the next level”. 

Azure Midstream is a natural gas gathering and processing company formed in January 2013 through a partnership between primary backer Energy Spectrum Partners and Tenaska Capital Management. 

In November 2013, Azure completed its first acquisition of east Texas and North Louisiana midstream joint venture TGGT Holdings from UK-based BG Group through a $910 million deal. Its footprint has since grown to include New Mexico, Utah and Wyoming.