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ONEOK and ONEOK Partners Announce Reorganization
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Norton to Lead Commercial Activities; Martinovich to Lead Operations; Reiners
Named Chief Financial Officer; Miers Named Chief Accounting Officer
TULSA, Okla., Dec. 20, 2012 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) and ONEOK
Partners, L.P. (NYSE: OKS) today announced a reorganization to further enhance
their commercial and operating capabilities. As a result, the following changes
will become effective Jan. 1, 2013:
* Pierce H. Norton II, 52, currently executive vice president and chief
operating officer, will become executive vice president, commercial, responsible
for all of the commercial activities in ONEOK and ONEOK Partners, continuing to
report to Terry K. Spencer, president, ONEOK and ONEOK Partners; and
* Robert F. Martinovich, 55, currently executive vice president, chief financial
officer and treasurer, will become executive vice president, operations,
responsible for all of the operating activities in ONEOK and ONEOK Partners,
also reporting to Spencer.
In addition, several individuals are being moved into new roles to develop their
capabilities as part of the company's overall employee-development efforts and
include:
* Derek S. Reiners, 41, currently senior vice president and chief accounting
officer, will become senior vice president, chief financial officer and
treasurer, reporting to John W. Gibson, chairman and chief executive officer of
ONEOK and ONEOK Partners; and
* Sheppard (Mike) F. Miers III, 44, currently vice president, controller, ONEOK
Partners, will become vice president, chief accounting officer, ONEOK and ONEOK
Partners, continuing to report to Reiners.
NATURAL GAS DISTRIBUTION
Consistent with the overall reorganization of ONEOK and ONEOK Partners, ONEOK's
natural gas distribution business - Oklahoma Natural Gas, Kansas Gas Service and
Texas Gas Service - also will have separate leaders for its operating and
commercial activities, and will realign its functions to support these
activities.
"These changes will allow our three natural gas utilities to deliver service to
our customers more effectively and efficiently; continue to operate our assets
safely, reliably and environmentally responsibly; and utilize common processes
and technologies across all three states to reduce costs and drive commercial
and operational consistency," said Gibson.
"Ultimately, these changes will improve our ability to compete more effectively
by strengthening our competitive advantage," he concluded.
As a result of the natural gas distribution reorganization, Caron A. Lawhorn,
51, currently president of ONEOK Distribution Companies, will become senior vice
president, commercial, natural gas distribution, reporting to Norton; and
Gregory A. Phillips, 49, currently president, Oklahoma Natural Gas, will become
senior vice president, operations, natural gas distribution, reporting to
Martinovich. Phillips and Lawhorn will be located in Tulsa.
The following officers will have commercial responsibilities for all three
natural gas distribution companies, reporting to Lawhorn, and be located in
Tulsa:
* Eric (Rick) A. Grundman, currently vice president, administration, Oklahoma
Natural Gas, will become vice president, rates and regulatory affairs, natural
gas distribution;
* Krystal J. Parker, currently vice president, western region, Texas Gas
Service, will become vice president, customer service, natural gas distribution;
and
* A vice president, natural gas supply, natural gas distribution, will be named
at a later date.
The following officers will have operating responsibilities for all three
natural gas distribution companies, reporting to Phillips, and be located in
Tulsa:
* Ronald D. Bridgewater, currently vice president, eastern region, Kansas Gas
Service, will become vice president, asset management and engineering, natural
gas distribution; and
* Teryl C. Rose, currently vice president, western region, Kansas Gas Service,
will become vice president, resource management, natural gas distribution.
The following officers will have operating responsibility for each of the
company's natural gas distribution companies and also will report to Phillips:
* W. Kent Shortridge, currently vice president, eastern region, Oklahoma Natural
Gas, will become vice president, operations, Oklahoma Natural Gas, based in
Oklahoma City;
* Dennis J. Okenfuss, currently vice president, administration, Kansas Gas
Service, will become vice president, operations, Kansas Gas Service, based in
Overland Park; and
* Kari L. French, currently president, Texas Gas Service, will become vice
president, operations, Texas Gas Service, based in Austin.
Bradley O. Dixon, currently president, Kansas Gas Service, has elected to retire
May 1, 2013, after almost 34 years with the company.
OTHER CHANGES
Other changes to further develop capabilities as part of the company's
employee-development efforts include:
* Kevin L. Burdick, vice president, chief information officer, will become vice
president, natural gas gathering and processing, reporting to Curtis L. Dinan,
senior vice president, natural gas, ONEOK Partners;
* Brien H. Brown, currently director, corporate applications, will be promoted
to vice president, chief information officer, succeeding Burdick and reporting
to Martinovich;
* Andrew J. Ziola, currently director, investor relations and communications,
will be promoted to vice president, investor relations and communications,
continuing to report to Dandridge L. Harrison, senior vice president,
administrative services and corporate relations; and
* Michael D. Clark, currently vice president, financial services, will become
vice president, controller, ONEOK Partners, reporting to Miers.
Curtis L. Dinan, senior vice president, natural gas, ONEOK Partners; Sheridan
C. Swords, senior vice president, natural gas liquids, ONEOK Partners; and
Charles M. Kelly, senior vice president, energy services; will continue to
report to Norton.
In addition to Greg Phillips and Brien Brown, Wesley J. Christensen, senior
vice president, ONEOK Partners operations; and Jeremy D. Wiese, vice president,
environment, safety and health; will report to Martinovich.
Editor's notes:
Biographical information on these individuals and photos are available by
clicking on this link.
ONEOK, Inc. (pronounced ONE-OAK) (NYSE: OKE) is a diversified energy company.
We are the general partner and own 43.4 percent of ONEOK Partners, L.P. (NYSE:
OKS), one of the largest publicly traded master limited partnerships, which is a
leader in the gathering, processing, storage and transportation of natural gas
in the U.S. and owns one of the nation's premier natural gas liquids (NGL)
systems, connecting NGL supply in the Mid-Continent and Rocky Mountain regions
with key market centers. ONEOK is among the largest natural gas distributors in
the United States, serving more than 2 million customers in Oklahoma, Kansas
and Texas. Our energy services operation focuses primarily on marketing natural
gas and related services throughout the U.S. ONEOK is a FORTUNE 500 company and
is included in Standard & Poor's (S&P) 500 Stock Index.
For more information, visit the websites at www.oneok.com or
www.oneokpartners.com.
For the latest news about ONEOK and ONEOK Partners, follow us on Twitter
@ONEOKNews and @ONEOKPartners.
Analyst Contact: Andrew Ziola
918-588-7163
Media Contact: Brad Borror
918-588-7582
SOURCE ONEOK, Inc.; ONEOK Partners, L.P.
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