Kinetik Announces Changes to Its Board of Directors
April 04 2024 - 4:15PM
Business Wire
Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the
“Company”) announced the appointment of William
(“Bill”) Ordemann to the Kinetik Board of Directors,
effective April 3, 2024. Mr. Ordemann will serve as a member of the
Audit and Governance & Sustainability Committees.
Mr. Ordemann holds thirty-eight years of energy industry
experience, with twenty-five years focused on natural gas, natural
gas liquids, crude oil, refined products, and petrochemicals. From
1999 until his retirement in 2019, Mr. Ordemann served in numerous
executive positions at Enterprise Products Partners L.P. and its
affiliates, including serving as an Executive Vice President.
Throughout his tenure, he held various positions across the
commercial, business development, engineering, operations,
environmental, health, and safety and supply chain organizations.
Prior to joining Enterprise, he held senior positions at Shell
Midstream Enterprises, LLC and Tejas Natural Gas Liquids, LLC. He
previously served on the boards of the general partner of
Oiltanking Partners, L.P. and GPA Midstream Association. Mr.
Ordemann holds a BS degree in Chemical Engineering from Virginia
Tech.
“We are honored to have Bill join our Board of Directors. He
brings to Kinetik a wealth of midstream industry knowledge and a
strong track record of executive leadership experience across all
disciplines, including engineering, operations, commercial and
business development. He will be a tremendous asset and further
strengthen our Board,” said Jamie Welch, President and CEO.
“I am excited to join Kinetik’s Board of Directors. Given my
years of experience within the midstream space, I am very familiar
with Kinetik’s business model, fully understand its strategic
vision, and can provide value and guidance to the Company as it
further executes upon its strategy,” commented Bill Ordemann.
Additionally, coinciding with Apache’s full exit from its
shareholding position in Kinetik, Ben Rodgers resigned from the
Board of Directors effective April 3, 2024. Mr. Ordemann will
replace Mr. Rodgers, and the Board will continue to consist of
eleven independent directors.
“The Board and I would like to thank Ben for his invaluable
contributions to Kinetik during his tenure. He played a pivotal
role in the merger forming Kinetik and has been an active and
insightful Board member. He will be missed in our boardroom, and we
wish him the best in his future endeavors. We look forward to
continuing our relationship with Ben in his day-to-day role at
Apache, one of our largest customers,” stated Jamie Welch.
Ben Rodgers went on to say, “The relationship between Apache and
Kinetik will always be unique and special, and I enjoyed the
opportunity to serve on the Board of Directors. Jamie and his team
have done an excellent job integrating the Altus asset base, and I
look forward to watching the Company’s continued growth and
success, as Apache will remain one of its key customers.”
About Kinetik Holdings Inc.
Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast
midstream C-corporation operating in the Delaware Basin. Kinetik is
headquartered in Midland, Texas and has a significant presence in
Houston, Texas. Kinetik provides comprehensive gathering,
transportation, compression, processing and treating services for
companies that produce natural gas, natural gas liquids, crude oil
and water.
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version on businesswire.com: https://www.businesswire.com/news/home/20240404243170/en/
Kinetik Investors: (713) 487-4832 Maddie Wagner (713) 574-4743
Alex Durkee
Kinetik (NYSE:KNTK)
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