Williams Partners Announces Laura A. Sugg Appointed to Board of Directors to Succeed Thomas F. Karam
Williams Partners L.P. (NYSE: WPZ) today announced changes to the Board of Directors of its general partner, Williams Partners GP LLC. Williams (NYSE: WMB) owns approximately 64 percent of Williams Partners, including its general partner interest.
Laura A. Sugg has been appointed to the Board, effective Jan. 17, 2014. Sugg succeeds Thomas F. Karam, who has served as a director since May 2012. Karam resigned from the Board to pursue other business interests. Sugg, who previously served on the general partner's Board between 2011 and 2012, will serve as an independent director on the Audit Committee. Formerly a senior executive at ConocoPhillips, Sugg also will continue to serve on Williams' Board of Directors, which she joined in 2010.
“I am pleased to welcome Laura back to the Board of Williams Partners GP,” said Alan Armstrong, chairman of the Board and chief executive officer of Williams Partners. “As a chemical engineer and a seasoned executive, Laura brings extensive industry, operational and technical experience to our Board. Her leadership experience in a major oil and gas company also extends into human resources, compensation and financial matters, underscoring the diverse perspectives she contributes. I would also like to thank Tom for his important contributions in helping us rapidly grow the partnership and wish him the best in his future endeavors.”
Alan Armstrong, Donald R. Chappel, Rory Miller and James E. Scheel are Williams-employee directors on the general partner's Board.
Additional Information on Laura Sugg
Laura Sugg is a retired senior executive of ConocoPhillips, serving more than 20 years in diverse roles of increasing responsibility, last serving as president of the Australasia Division. In this role, Sugg was in charge of profit and loss and growth for ConocoPhillips' operations in Australia and East Timor. Prior to her role as president of the Australasia Division, Sugg served as ConocoPhillips' general manager E&P human resources; ConocoPhillips' midstream executive responsible for the profit and loss, health, safety and environment, and operations for its gas gathering, processing, and fractionation business in the U.S., Canada and Trinidad; and vice president Worldwide Gas. Sugg has a bachelor's degree in chemical engineering from Oklahoma State University and is a member of the National Association of Corporate Directors.
About Williams Partners L.P. (NYSE: WPZ)
Williams Partners L.P. is a leading diversified master limited partnership focused on natural gas transportation; gathering, treating, and processing; storage; natural gas liquid (NGL) fractionation; and oil transportation. The partnership owns interests in three major interstate natural gas pipelines that, combined, deliver 14 percent of the natural gas consumed in the United States. The partnership's gathering and processing assets include large-scale operations in the U.S. Rocky Mountains and both onshore and offshore along the Gulf of Mexico. Williams (NYSE: WMB) owns approximately 64 percent of Williams Partners, including the general-partner interest. More information is available at www.williamslp.com, where the partnership routinely posts important information.
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the partnership 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 partnership's annual reports filed with the Securities and Exchange Commission.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.