Williams Appoints John D. Chandler as Senior Vice President and Chief Financial Officer
August 28 2017 - 8:30AM
Business Wire
The Williams Companies, Inc. (NYSE: WMB) (“Williams”) today
announced that John D. Chandler has been appointed senior vice
president and chief financial officer, effective Sept. 5, 2017. Mr.
Chandler will replace Don Chappel, who announced his planned
retirement from Williams earlier this year.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170828005217/en/
Williams Appoints John D. Chandler as
Senior Vice President and Chief Financial Officer (Photo: Business
Wire)
Until 2014, Mr. Chandler served as chief financial officer of
Magellan Midstream Partners, L.P. (NYSE: MMP) beginning that role
in 2002 in advance of Magellan’s spinoff from Williams in 2003. Mr.
Chandler was an integral part of Magellan’s strategy development
and ultimate performance. In his time at Magellan, he oversaw all
financial aspects for the company as it grew from an enterprise
value of approximately $1.5 billion to more than $18 billion.
During his tenure, Magellan also improved from a non-investment
grade MLP to the highest investment-grade MLP in the sector. Prior
to his role at Magellan, Mr. Chandler served in various financial
roles at MAPCO, Inc. and at Williams following MAPCO’s acquisition
by Williams in 1998.
“John is a deeply experienced chief financial officer who is
well-known in the energy markets and within Williams,” said Alan
Armstrong, Williams’ president and chief executive officer. “He
brings a proven track record of financial leadership and delivering
shareholder value, and I’m looking forward to his contributions to
the Williams team.”
Mr. Armstrong continued: “As Williams focuses on delivering
predictable, low-risk growth from its unique position between
growing natural gas demand markets and the best supply areas in the
U.S., I’m confident John will immediately contribute to the ongoing
success of our natural gas-focused business strategy.”
Mr. Chandler stated: “I’m honored to be joining Williams at such
an exciting time. The Williams Board of Directors, its leadership
team and all of its employees are focused on delivering exceptional
financial performance and shareholder value, and I look forward to
sharing the Williams growth story with our investors and the
financial community.”
Mr. Armstrong also expressed appreciation for Mr. Chappel’s
significant contributions to the company throughout Mr. Chappel’s
Williams tenure that began in 2003.
“Don has played a critical role here at Williams and has earned
the trust and confidence of our investors,” Armstrong said. “I want
to personally thank him for his service to this great organization,
for his valuable counsel and for his financial leadership.”
About John Chandler
Mr. Chandler graduated Magna Cum Laude in 1992 from the
University of Tulsa with a Bachelor’s degree in Business
Administration, majoring in both accounting and finance. He began
his career at MAPCO, Inc. in Tulsa in 1992. Following Williams’
acquisition of MAPCO, he served in strategic planning and
development leadership roles before assuming the chief financial
officer role at Magellan in 2002. Since 2013, he’s been an active
member of several energy industry Boards of Directors, including
USA Compression Partners (NYSE: USAC), Cone Midstream Partners
(NYSE: CNNX), Green Plains Partners (NYSE: GPP), and Matrix
Services Company (NASDAQ: MTRX).
About Williams & Williams Partners
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 including gathering,
processing and interstate transportation of natural gas and natural
gas liquids. 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170828005217/en/
The Williams Companies, Inc.Media Contact:Keith Isbell,
918-573-7308orInvestor Contact:Brett Krieg, 918-573-4614
Williams Companies (NYSE:WMB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Williams Companies (NYSE:WMB)
Historical Stock Chart
From Apr 2023 to Apr 2024