ONEOK Announces Two New Executive Leadership Appointments
ONEOK (NYSE: OKE) has announced two key executive leadership appointments, effective immediately.
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Rhea-AI Summary
ONEOK (NYSE: OKE) has announced two key executive leadership appointments, effective immediately. Randy N. Lentz, former CEO of Medallion Midstream, has been appointed as Executive Vice President and Chief Operating Officer, overseeing all asset operations. Sheridan C. Swords, previously Executive Vice President of commercial liquids and natural gas gathering and processing, has been promoted to Executive Vice President and Chief Commercial Officer, with expanded oversight including the Natural Gas Pipelines segment.
Both executives will report directly to Pierce H. Norton II, President and CEO. ONEOK operates as a leading midstream operator with a 50,000-mile pipeline network, providing gathering, processing, fractionation, transportation, and storage services for natural gas, NGLs, refined products, and crude oil across North America.
Positive
- Strategic expansion of executive leadership team with experienced industry professionals
- Creation of new COO position indicates focus on operational efficiency
- Consolidation of commercial operations under single leadership suggests improved organizational structure
Negative
- None.
Details
News Market Reaction – OKE
The recorded move for OKE in the trading session of this news was -0.01%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Randy N. Lentz, chief executive officer and founder of Medallion Midstream, is assuming the newly created position of executive vice president and chief operating officer. In this role, Lentz is responsible for all of ONEOK's asset operations.
Sheridan C. Swords, previously executive vice president, commercial liquids and natural gas gathering and processing, is assuming the newly created position of executive vice president and chief commercial officer. In addition to his previous responsibilities, Swords now also oversees the Natural Gas Pipelines segment.
"We are pleased to announce Randy's and Sheridan's new roles," said Pierce H. Norton II, president and chief executive officer of ONEOK. "Their extensive experience in the industry and leadership will be invaluable to our company as we continue our intentional and disciplined approach to building a diversified, fully integrated, energy infrastructure company."
Swords will continue to report to Norton as will Lentz.
At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation and storage services. Through our more than 50,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest diversified energy infrastructure companies in
ONEOK is an S&P 500 company headquartered in
For information about ONEOK, visit the website: www.oneok.com. For the latest news about ONEOK, find us on LinkedIn, Facebook, X and Instagram.
Analyst Contact: | Andrew Ziola |
918-588-7683 | |
Media Contact: | Alicia Buffer |
918-861-3749 |
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SOURCE ONEOK, Inc.
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