Williams Cos Names John Chandler as New CFO
29 August 2017 - 1:23AM
Dow Jones News
By Ezequiel Minaya
Pipeline company Williams Cos. on Monday named John Chandler as
its new chief financial officer.
Outgoing incumbent Don Chappel announced his retirement earlier
this year. He joined Williams in April 2003, according to the
company's website.
Mr. Chandler is slated to start his new role Sept. 5. He
previously served as finance chief for pipeline operator Magellan
Midstream Partners LP from 2002 to 2014.
Magellan began trading as Williams Energy Partners in February
2001 before changing to its current name in September 2003.
"John is a deeply experienced chief financial officer who is
well-known in the energy markets and within Williams," said Alan
Armstrong, Williams's president and chief executive.
Mr. Chandler has also been a board member at USA Compression
Partners LP, Cone Midstream Partners LP, Green Plains Partners LP
and Matrix Service Co.
Last year, nearly half of Williams's board members quit after a
failed attempt at forcing out Chief Executive Alan Armstrong
following the collapse of a merger deal with Energy Transfer Equity
LP. Earlier this year, the company added Micheal Dunn as chief
operating officer.
In July, the company completed the sale of its stake of an
olefins plant in Louisiana to Nova Chemicals Corp. for $2.1 billion
as part of its plans to focus on natural gas. During a call with
analysts earlier this month, Mr. Armstrong said that the company
now stands "at around 97% of our gross margins coming from
predictable fee-based sources that are aligned with natural gas
volumes."
Write to Ezequiel Minaya at ezequiel.minaya@wsj.com
(END) Dow Jones Newswires
August 28, 2017 11:08 ET (15:08 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Williams Companies (NYSE:WMB)
Historical Stock Chart
From Apr 2024 to May 2024
Williams Companies (NYSE:WMB)
Historical Stock Chart
From May 2023 to May 2024