Williams Chief Financial Officer to Retire
August 23 2021 - 4:15PM
Business Wire
Williams (NYSE: WMB) announced today that John Chandler, senior
vice president and chief financial officer, has indicated his
intent to retire, effective March 31, 2022. Chandler assumed his
current role in September 2017, overseeing all financial aspects
for the company. Prior to rejoining Williams in 2017, he served as
Chief Financial Officer of Magellan Midstream Partners, L.P.
beginning that role in 2002 in advance of Magellan’s spinoff from
Williams in 2003. He retired from Magellan in 2014.
"Four years ago, Williams was fortunate enough to coax John out
of retirement to join our executive team. He has been a diligent
steward of our financial operations and is well-respected in the
financial and investment community for his sound fiscal discipline,
strategic ideas and strong professional drive,” said Alan
Armstrong, Williams president and chief executive officer. “I’ve
had the pleasure of knowing John for many years, and he is a man
truly driven by his faith and love of his family and community.
We're happy for him as he chooses to enter this new chapter of his
life, but we're equally as sad to say goodbye to someone who's been
an integral part of our company's growth and strong financial
performance."
During Chandler’s tenure, Williams strengthened its balance
sheet, improved across many key credit rating metrics and achieved
significant deleveraging, driving consistent value to Williams
shareholders.
“A little over seven years ago, I retired from Magellan to
dedicate more time to my family and community. And while the time
away was incredibly rewarding, I came back to Williams to be part
of exciting change and an incredible management team,” said
Chandler. “With its forward-looking strategy, strong balance sheet
and ability to self-fund opportunities, there are many great things
ahead for Williams, but I’m now ready to redirect more of my time
back to my family and community. I will forever be grateful for the
opportunity to serve in this role and am excited to see how the
future unfolds for Williams as it continues to lead in an evolving
energy environment.”
Chandler serves on the Board of Directors for Matrix Services
Company as well as the boards of several community
organizations.
Efforts are underway to identify a suitable successor, and
Chandler will be engaged in that process.
About Williams
Williams (NYSE: WMB) is committed to being the leader in
providing infrastructure that safely delivers natural gas products
to reliably fuel the clean energy economy. Headquartered in Tulsa,
Oklahoma, Williams is an industry-leading, investment grade C-Corp
with operations across the natural gas value chain including
gathering, processing, interstate transportation and storage of
natural gas and natural gas liquids. With major positions in top
U.S. supply basins, Williams connects the best supplies with the
growing demand for clean energy. Williams owns and operates more
than 30,000 miles of pipelines system wide – including Transco, the
nation’s largest volume and fastest growing pipeline – and handles
approximately 30 percent of the natural gas in the United States
that is used every day for clean-power generation, heating, and
industrial use.
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