Foshee Elected Chairman, President and CEO of El Paso Corporation
May 06 2009 - 11:20AM
Marketwired
The Board of Directors of El Paso Corporation (NYSE: EP) has
elected Doug Foshee as Chairman of the company following its Annual
Meeting of Stockholders. Foshee has held the titles of President
and Chief Executive Officer since joining the company in 2003. The
election follows the retirement of Ronald L. Kuehn, Jr., who had
been Chairman of the El Paso Corporation Board of Directors since
2003. In addition, the Board elected J. Michael Talbert to serve as
Lead Director. Talbert has served as an El Paso Director since
2003. He is also a director of Transocean Ltd, where he previously
served as Chairman and Chief Executive Officer. Talbert also served
as Chairman of the Board of The Offshore Drilling Company,
President and Chief Executive Officer of Lone Star Gas Company and
President of Texas Oil & Gas Company.
At today's meeting all 11 nominated Directors were elected for a
term of one year. Ten of El Paso's 11 Directors are independent, as
defined by NYSE listing requirements.
El Paso Corporation provides natural gas and related energy
products in a safe, efficient, and dependable manner. The company
owns North America's largest interstate natural gas pipeline system
and one of North America's largest independent natural gas
producers. For more information, visit www.elpaso.com.
Contacts Investor and Media Relations Bruce L. Connery Vice
President Office: (713) 420-5855 Media Relations Bill Baerg Manager
Office: (713) 420-2906
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