Williams Appoints John D. Chandler as Senior Vice President and Chief Financial Officer
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.
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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.
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