Summit Midstream (SMC) appoints Carolyn Stone as new independent director
Rhea-AI Filing Summary
Summit Midstream Corporation reported that its board unanimously appointed Carolyn J. Stone as an independent Class II director, effective March 16, 2026. She will fill the board seat currently held by Marguerite Woung-Chapman, who will retire as of midnight on March 15, 2026. Ms. Woung-Chapman stated she has no disagreement with the company on its operations, practices, or policies, and there is no issue related to her retirement that needs to be brought to shareholders’ attention.
The company highlighted Ms. Stone’s extensive background in financial, accounting, and audit matters, as well as public-company governance and reporting. Her prior roles include serving as Senior Vice President, Chief Financial Officer, and Treasurer of Civeo Corporation, along with earlier executive and accounting leadership positions. She is a Certified Public Accountant and will receive compensation under Summit Midstream’s standard director compensation program.
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FAQ
What board change did Summit Midstream Corporation (SMC) disclose?
Summit Midstream Corporation disclosed that its board unanimously appointed Carolyn J. Stone as an independent Class II director, effective March 16, 2026, to succeed Marguerite Woung-Chapman, who will retire as of midnight on March 15, 2026.
Why is director Marguerite Woung-Chapman leaving Summit Midstream (SMC)?
Marguerite Woung-Chapman notified the board of her retirement effective as of midnight on March 15, 2026. She confirmed she has no disagreement with the company on any matter relating to its operations, practices, or policies, and there is no matter related to her retirement that must be brought to shareholders’ attention.
Who is Carolyn J. Stone, the new independent director at Summit Midstream (SMC)?
Carolyn J. Stone, age 53, brings financial, accounting, and audit expertise and extensive public-company governance and reporting experience. She previously served as Senior Vice President, Chief Financial Officer, and Treasurer of Civeo Corporation, and earlier held senior finance and accounting roles at Civeo, Synagro Technologies Inc., and Dynegy Inc., after starting her career at PriceWaterhouseCoopers LLP.
Does Carolyn J. Stone have any special arrangements related to her appointment to the SMC board?
The company stated there are no arrangements or understandings between Carolyn J. Stone and any other person pursuant to which she was selected as a director. She will receive compensation under Summit Midstream’s standard director compensation program.
What qualifications does the new Summit Midstream (SMC) director bring?
Carolyn J. Stone brings financial, accounting, and audit expertise and experience with public-company governance, reporting, and operations. She is a Certified Public Accountant and holds a Bachelor of Business Administration and a Master in Professional Accounting from The University of Texas at Austin.
Is there any shareholder issue or conflict tied to the director retirement at SMC?
The company reported that Marguerite Woung-Chapman has no disagreement with Summit Midstream regarding its operations, practices, or policies, and there is no matter related to her retirement that needs to be brought to shareholders’ attention.