Williams to Appoint Three New Independent Directors to Its Board
August 15 2016 - 4:15PM
Business Wire
The Williams Companies, Inc. (NYSE: WMB) (“Williams”) today
announced that it intends to appoint three new, independent
directors to its Board of Directors, to be effective prior to the
Company’s 2016 Annual Meeting. With these additions, the Williams
Board will be expanded to 10 directors, all of whom will stand for
election at the Company’s 2016 Annual Meeting. The Annual Meeting
is scheduled for Nov. 23, 2016.
With the assistance of leading global executive search and
leadership consulting firm Spencer Stuart and after discussions
with the stockholders of Williams, the Board is currently
undertaking a comprehensive process to identify new, highly
qualified and independent directors. Williams is committed to
maintaining a world-class Board comprised of directors with a broad
range of skills and experience. The Williams Board will then
present its recommendation regarding director nominees in Williams’
definitive proxy statement to be filed with the Securities and
Exchange Commission (“SEC”) and mailed to all stockholders eligible
to vote at the 2016 Annual Meeting.
“Williams is looking forward to broadening the expertise and
perspective of the Board with the addition of three new,
independent directors in the near term,” said Dr. Kathleen B.
Cooper, Chairman of the Williams Board of Directors. “The Williams
Board and management team will continue to take decisive actions to
position Williams for the future and enhance stockholder
value.”
About Williams
Williams (NYSE: WMB) is a premier provider of large-scale
infrastructure connecting North American natural gas and natural
gas products to growing demand for cleaner fuel and feedstocks.
Headquartered in Tulsa, Okla., Williams owns approximately 60
percent of Williams Partners L.P. (NYSE: WPZ), including all of the
2 percent general-partner interest. Williams Partners is an
industry-leading, large-cap master limited partnership with
operations across the natural gas value chain from gathering,
processing and interstate transportation of natural gas and natural
gas liquids to petchem production of ethylene, propylene and other
olefins. With major positions in top U.S. supply basins and also in
Canada, 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 reports filed with the Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20160815006080/en/
WilliamsMedia Contacts:Lance Latham, 918-573-9675orJoele
Frank, Wilkinson Brimmer KatcherDan Katcher, Andrew Siegel or Dan
Moore, 212-355-4449orInvestor Contacts:John Porter,
918-573-0797orBrett Krieg, 918-573-4614
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