HOUSTON, Feb. 13, 2017 /PRNewswire/ -- Western Gas
Partners, LP (NYSE: WES) ("WES") and Western Gas Equity Partners,
LP (NYSE: WGP) ("WGP" and collectively the "Partnerships")
announced that effective today Benjamin M.
Fink has been named President and CEO. Fink has served as
the Sr. Vice President (SVP), Finance and CFO of WES since 2009 and
of WGP since its formation in 2012. Don
Sinclair, in anticipation of his ultimate retirement, has
stepped down from his WES and WGP officer positions, as well as his
role as SVP, Midstream at the Partnerships' sponsor, Anadarko
Petroleum Corporation (NYSE: APC) ("Anadarko"). Sinclair will
continue to serve as Senior Advisor to Anadarko and the
Partnerships. Fink also will replace Sinclair as a director of the
Partnerships and will remain the Partnerships' principal financial
and accounting officer until his successor is named.
"Don has been a tremendous part of the success of both Western
Gas partnerships since he joined us as President in 2009," said
Robert Gwin, Chairman of WES and
WGP. "We thank him for his seven years of leadership and
contributions, and are very happy that he has chosen to remain part
of our organizations in an advisory capacity, as he possesses a
unique combination of industry knowledge and commercial talent.
"We are very pleased that Ben will succeed Don, ensuring the
continuity of our successful strategy and execution," added Gwin.
"Over the past seven years, Ben's financial and tactical leadership
has been a critical component of the exceptional performance that
Western Gas has consistently delivered to its stakeholders, and I
am confident that he, along with his talented leadership team, will
advance Western Gas through its next stage of growth."
In addition, Craig W. Collins has
been named SVP, Operations and Chief Operating Officer of the
Partnerships, and Philip H. Peacock
has been named SVP, General Counsel and Corporate Secretary of the
Partnerships. Peacock previously served as Vice President, General
Counsel and Corporate Secretary beginning in 2012.
BENJAMIN M. FINK
Fink has 25 years of financial and operational experience and
joined Anadarko in 2006. He holds a Bachelor of Science degree in
Economics from the Wharton School of the University of Pennsylvania, and is a Chartered
Financial Analyst.
CRAIG W. COLLINS
Collins joined Anadarko in 2003 and has held positions of
increasing responsibility including general manager of midstream
commercial development, and most recently as director of midstream
engineering. He holds a Bachelor of Science degree in Chemical
Engineering from Texas A&M
University and a Master of Business Administration degree
from Rice University.
PHILIP H. PEACOCK
Peacock joined Western Gas in 2012. Previously, he was a partner
practicing corporate and securities law at the law firm of Andrews
Kurth LLP, which he joined in 2003. Peacock holds a Bachelor of
Arts degree from Princeton University,
a Master of Arts degree from the University of
Houston, and a Juris Doctor degree from the University of Virginia. He is licensed to practice
law in the state of Texas.
Western Gas Partners, LP ("WES") is a growth-oriented
Delaware master limited
partnership formed by Anadarko Petroleum Corporation to acquire,
own, develop and operate midstream energy assets. With midstream
assets located in the Rocky Mountains, North-central Pennsylvania and Texas, WES is engaged in the business of
gathering, compressing, treating, processing, and transporting
natural gas, and gathering, stabilizing and transporting
condensate, natural gas liquids and crude oil for Anadarko, as well
as for other producers and customers.
Western Gas Equity Partners, LP ("WGP") is a Delaware master limited partnership formed by
Anadarko to own the following types of interests in WES: (i) the
general partner interest and all of the incentive distribution
rights in WES, both owned through WGP's 100% ownership of WES's
general partner, and (ii) a significant limited partner interest in
WES.
For more information about Western Gas Partners, LP and Western
Gas Equity Partners, LP, please visit www.westerngas.com.
This news release contains forward-looking statements.
Western Gas Partners and Western Gas Equity Partners believe that
their expectations are based on reasonable assumptions. No
assurance, however, can be given that such expectations will prove
to have been correct. A number of factors could cause actual
results to differ materially from the projections, anticipated
results or other expectations expressed in this news release. These
factors include the ability to meet financial guidance or
distribution growth expectations; the ability to safely and
efficiently operate WES's assets; the ability to obtain new sources
of natural gas supplies; the effect of fluctuations in commodity
prices and the demand for natural gas and related products; the
ability to meet projected in-service dates for capital growth
projects; construction costs or capital expenditures exceeding
estimated or budgeted costs or expenditures; and the other factors
described in the "Risk Factors" sections of WES's and WGP's most
recent Forms 10-K and Forms 10-Q filed with the Securities and
Exchange Commission and in their other public filings and press
releases. Western Gas Partners and Western Gas Equity Partners
undertake no obligation to publicly update or revise any
forward-looking statements.
WESTERN GAS CONTACT
Jonathon
E. VandenBrand
Director, Investor Relations
jon.vandenbrand@anadarko.com
832.636.6000
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SOURCE Western Gas