Williams Announces Stephen W. Bergstrom Elected Chairman of Its Board of Directors
May 19 2017 - 08:00AM
Business Wire
- Bergstrom: “Board focused on
positioning Williams to deliver long-term, sustainable shareholder
value and growth.”
- Current Chairman, Dr. Kathleen B.
Cooper, to Chair Nominating and Governance Committee
The Williams Companies, Inc. (NYSE: WMB) (“Williams” or the
“Company”) today announced that Stephen W. Bergstrom has been
elected Chairman of the Board, effective immediately. Mr. Bergstrom
will replace Dr. Kathleen B. Cooper who will become Chair of the
Board’s Nominating and Governance Committee. Dr. Cooper has served
on the Williams Board since 2006.
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Williams Announces Stephen W. Bergstrom
Elected Chairman of Its Board of Directors (Photo: Business
Wire)
Mr. Bergstrom joined the Williams Board in August of 2016. He
has strong operational skills and a strategic understanding of the
energy industry. During his tenure as president and chief executive
officer of American Midstream Partners, Mr. Bergstrom led the
company through a period of substantial growth while increasing its
geographic and operational diversity and enhancing fee-based cash
flow.
“The Williams Board and our entire organization are focused on
execution of the company’s natural gas-focused business strategy
and positioning Williams to deliver long-term, sustainable
shareholder value and growth,” said Mr. Bergstrom. “I’m especially
honored to lead a world-class board of directors committed to
independence and strong corporate governance. This commitment will
continue under Kathleen’s leadership of the Nominating and
Governance Committee.”
Williams President and CEO, Alan Armstrong added, “I want to
thank Kathleen for her superb leadership and guidance during a
critical time in the company’s history. We are fortunate to have
such a deeply experienced board of directors. The entire Williams
team looks forward to further executing on the Board’s vision of
focusing on our core natural gas business and delivering
predictable returns to our shareholders. I also appreciate that the
Board supports our commitment to operational excellence and
continually enhancing the safety culture at Williams.”
The Williams Board of Directors consists of 11 members, ten of
whom are independent.
Stephen Bergstrom
Mr. Bergstrom is a director on the board of American Midstream
Partners. He served as president and chief executive officer of the
general partner of American Midstream and as executive chairman of
the board of directors of the general partner from May 2013 to
December 2015. Mr. Bergstrom acted as an exclusive consultant to
ArcLight from October 2003 to December 2015, assisting ArcLight in
connection with its energy investments. Prior to his consultancy
with ArcLight, Mr. Bergstrom worked from 1986 to 2002 for Natural
Gas Clearinghouse, which became Dynegy Inc. Mr. Bergstrom acted in
various capacities at Dynegy, ultimately serving as president and
chief operating officer. Mr. Bergstrom earned a Bachelor of Science
in Industrial Administration from Iowa State University.
Dr. Kathleen Cooper
Currently President of Cooper Strategies International LLC, Dr.
Cooper from 2001 to 2005 served as under secretary for Economic
Affairs of the U.S. Department of Commerce. Prior to that, her
strategic guidance as Chief Economist of Exxon Mobil Corporation
helped drive corporate planning for this top-tier global energy
company. She also serves as a director of Deutsche Bank Trust
Corporation and Deutsche Bank Trust Company of the Americas,
subsidiaries of Deutsche Bank AG, and was a founding director of
Texas Security Bank from 2008 to 2010. Earlier in her career, she
was executive vice president and chief economist of Security
Pacific National Bank and chief economist of the United Banks of
Colorado. Currently a senior fellow of the Tower Center for
Political Studies at Southern Methodist University, Dr. Cooper’s
academic experience includes two years as dean of the College of
Business Administration at the University of North Texas. She holds
a Ph.D. degree in economics from the University of Colorado.
About Williams
Williams (NYSE: WMB) is a premier provider of large-scale
infrastructure connecting U.S. natural gas and natural gas products
to growing demand for cleaner fuel and feedstocks. Headquartered in
Tulsa, Okla., Williams owns approximately 74 percent of Williams
Partners L.P. (NYSE: WPZ). Williams Partners is an
industry-leading, large-cap master limited partnership with
operations across the natural gas value chain from gathering,
processing and interstate transportation of natural gas and natural
gas liquids to petchem production of ethylene, propylene and other
olefins. With major positions in top U.S. supply basins, Williams
Partners owns and operates more than 33,000 miles of pipelines
system wide – including the nation’s largest volume and fastest
growing pipeline – providing natural gas for clean-power
generation, heating and industrial use. Williams Partners’
operations touch approximately 30 percent of U.S. natural gas.
www.williams.com
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the company
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Any such statements are made in reliance on the “safe
harbor” protections provided under the Private Securities Reform
Act of 1995. Additional information about issues that could lead to
material changes in performance is contained in the company’s
annual and quarterly reports filed with the Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20170519005048/en/
WilliamsMedia Contact:Keith Isbell,
918-573-7308orInvestor Contacts:John Porter,
918-573-0797orBrett Krieg, 918-573-4614
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