The Crosstex Energy companies, Crosstex Energy, L.P. and Crosstex Energy, Inc. announced two promotions and changes in responsibilities among its senior management team, effective immediately. William W. Davis, the current Executive Vice President and Chief Financial Officer, has been promoted to the newly created position of Executive Vice President and Chief Operating Officer. Michael J. Garberding, currently serving as Senior Vice President of Business Development and Finance, has been promoted to Senior Vice President and Chief Financial Officer. A member of the Crosstex team for the past 10 years, Davis has developed a first-class finance organization and played a key role in the Crosstex senior leadership team. Most recently, he has been instrumental in operational improvements and the growth of the company’s existing assets. Davis holds over 30 years of financial and accounting experience and is a recognized leader in the energy industry. He is a Texas A&M University graduate with a B.B.A. in accounting. Garberding has been a vital leader in the finance organization during his three years at Crosstex. He holds more than 20 years of financial and accounting experience in the energy industry. Before moving to Crosstex in 2008, he was assistant treasurer at TXU Corp. where he focused on structured transactions including project financing for coal plant development and the sale of TXU Gas Company. Garberding holds a B.B.A. in accounting from Texas A&M University and an M.B.A. from the University of Michigan.