WESTERN MIDSTREAM ANNOUNCES APPOINTMENT OF ROBERT G. PHILLIPS AS INDEPENDENT DIRECTOR
Western Midstream Partners (NYSE: WES) has appointed Robert G. Phillips as an independent member of its general partner's board of directors. Phillips brings over 47 years of midstream industry experience, having recently retired as Founder, Chairman, and CEO of Crestwood Equity Partners following its merger with Energy Transfer LP in 2023. Under his leadership, Crestwood grew to over $7.1 billion in enterprise value through organic growth and M&A activities.
Phillips will serve on the board's Compensation Committee and Special Committee. His appointment brings the total board membership to eight, with four independent directors. Phillips currently serves as an independent director at South Bow Corporation and Enstor Inc., and previously co-chaired the ESG Committee of the Energy Infrastructure Council.
Western Midstream Partners (NYSE: WES) ha nominato Robert G. Phillips come membro indipendente del consiglio di amministrazione del suo partner generale. Phillips vanta oltre 47 anni di esperienza nel settore midstream, avendo recentemente lasciato l'incarico di Fondatore, Presidente e CEO di Crestwood Equity Partners dopo la fusione con Energy Transfer LP nel 2023. Sotto la sua guida, Crestwood è cresciuta fino a raggiungere un valore aziendale superiore a 7,1 miliardi di dollari attraverso una crescita organica e attività di fusioni e acquisizioni.
Phillips farà parte del Comitato per la Remunerazione e del Comitato Speciale del consiglio. La sua nomina porta a otto il numero totale dei membri del consiglio, di cui quattro indipendenti. Attualmente, Phillips è direttore indipendente presso South Bow Corporation e Enstor Inc., e in precedenza ha co-presieduto il Comitato ESG del Energy Infrastructure Council.
Western Midstream Partners (NYSE: WES) ha nombrado a Robert G. Phillips como miembro independiente de la junta directiva de su socio general. Phillips cuenta con más de 47 años de experiencia en la industria midstream, habiéndose retirado recientemente como Fundador, Presidente y CEO de Crestwood Equity Partners tras su fusión con Energy Transfer LP en 2023. Bajo su liderazgo, Crestwood creció hasta superar un valor empresarial de 7.1 mil millones de dólares mediante crecimiento orgánico y actividades de fusiones y adquisiciones.
Phillips formará parte del Comité de Compensación y del Comité Especial de la junta. Su nombramiento eleva a ocho el total de miembros de la junta, con cuatro directores independientes. Actualmente, Phillips es director independiente en South Bow Corporation y Enstor Inc., y anteriormente fue copresidente del Comité ESG del Energy Infrastructure Council.
Western Midstream Partners (NYSE: WES)는 Robert G. Phillips를 제너럴 파트너 이사회의 독립 이사로 임명했습니다. Phillips는 최근 2023년 Energy Transfer LP와의 합병 후 Crestwood Equity Partners의 창립자, 회장 및 CEO에서 은퇴했으며, 미드스트림 산업에서 47년 이상의 경험을 보유하고 있습니다. 그의 리더십 아래 Crestwood는 유기적 성장과 인수합병 활동을 통해 71억 달러 이상의 기업 가치를 달성했습니다.
Phillips는 이사회 내 보상위원회와 특별위원회에서 활동할 예정입니다. 그의 임명으로 이사회 구성원은 총 8명, 독립 이사는 4명이 되었습니다. 현재 Phillips는 South Bow Corporation과 Enstor Inc.의 독립 이사로 재직 중이며, 이전에는 Energy Infrastructure Council의 ESG 위원회를 공동 의장으로 역임했습니다.
Western Midstream Partners (NYSE: WES) a nommé Robert G. Phillips membre indépendant du conseil d'administration de son partenaire général. Phillips possède plus de 47 ans d'expérience dans le secteur midstream, ayant récemment pris sa retraite en tant que fondateur, président et PDG de Crestwood Equity Partners suite à sa fusion avec Energy Transfer LP en 2023. Sous sa direction, Crestwood a atteint une valeur d'entreprise de plus de 7,1 milliards de dollars grâce à une croissance organique et des opérations de fusions-acquisitions.
Phillips siégera au comité de rémunération et au comité spécial du conseil. Sa nomination porte à huit le nombre total de membres du conseil, dont quatre administrateurs indépendants. Phillips est actuellement administrateur indépendant chez South Bow Corporation et Enstor Inc., et a précédemment co-présidé le comité ESG du Energy Infrastructure Council.
Western Midstream Partners (NYSE: WES) hat Robert G. Phillips als unabhängiges Mitglied in den Vorstand seines Generalpartners berufen. Phillips bringt über 47 Jahre Erfahrung in der Midstream-Branche mit und ist kürzlich als Gründer, Vorsitzender und CEO von Crestwood Equity Partners in den Ruhestand gegangen, nachdem das Unternehmen 2023 mit Energy Transfer LP fusionierte. Unter seiner Führung wuchs Crestwood durch organisches Wachstum und M&A-Aktivitäten auf einen Unternehmenswert von über 7,1 Milliarden US-Dollar.
Phillips wird im Vergütungsausschuss und im Sonderausschuss des Vorstands tätig sein. Mit seiner Ernennung erhöht sich die Gesamtzahl der Vorstandsmitglieder auf acht, davon vier unabhängige Direktoren. Phillips ist derzeit unabhängiger Direktor bei South Bow Corporation und Enstor Inc. und war zuvor Co-Vorsitzender des ESG-Ausschusses des Energy Infrastructure Council.
- Addition of highly experienced industry veteran with 47 years of midstream expertise
- Proven track record of successful M&A and value creation (grew Crestwood to $7.1B enterprise value)
- Strengthened board independence with 4 out of 8 directors now independent
- Brings valuable ESG expertise from co-chairing Energy Infrastructure Council's ESG Committee
- None.
Mr. Phillips founded Crestwood in 2010 and over the next 13 years, led the growth of the company to greater than
Mr. Phillips currently serves as an independent director of South Bow Corporation, which specializes in transporting Canadian crude oil production to refining markets in the US Midwest and Gulf Coast, and as a director of Enstor Inc., the largest privately owned natural gas storage company in
"We are delighted to welcome Bob Phillips to our board of directors," said Oscar Brown, President and Chief Executive Officer of WES. "His extensive industry expertise and proven leadership will be instrumental as we continue to execute on our strategy of capital-efficient growth that creates long-term value for all of the stakeholders of WES."
"WES is tremendously fortunate to have a candidate with Bob's background join the board," commented Jeff Bennett, Chairman of the general partner's board of directors. "We are confident that Bob will be a valuable addition to our already exceptionally talented group of directors and bring beneficial perspectives as we continue to deliver on our mission of improving lives through safe, sustainable, and efficient energy delivery."
Mr. Phillips added, "It is a privilege to join the board of directors of WES's general partner, and I look forward to collaborating with the team to continue building upon WES's strong foundation and to help successfully guide the partnership for years to come."
Mr. Phillips will serve on the board's Compensation Committee and Special Committee. With his addition, the board of directors of WES's general partner will have eight members, four of which are independent.
ABOUT WESTERN MIDSTREAM
Western Midstream Partners, LP ("WES") is a master limited partnership formed to develop, acquire, own, and operate midstream assets. With midstream assets located in
For more information about WES, please visit www.westernmidstream.com.
WESTERN MIDSTREAM CONTACTS
Daniel Jenkins
Director, Investor Relations
Investors@westernmidstream.com
866-512-3523
Rhianna Disch
Manager, Investor Relations
Investors@westernmidstream.com
866-512-3523
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SOURCE Western Midstream Partners, LP
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