As part of its deal with GIP, ONEOK is also in the process of acquiring GIP’s equity interest in Medallion Midstream LLC for $2.6 billion. (Source: Shutterstock)
Following the Oct. 15 close of ONEOK Inc.’s acquisition of Global Infrastructure Partners’ (GIP) controlling 43% equity interest in EnLink Midstream LLC, ONEOK has appointed three directors to the board of EnLink Midstream Manager LLC.
Upon GIP’s exit, the departing directors are Matthew C. Harris, Benjamin M. Daniel and Scott E. Telesz.
ONEOK has appointed in their place Pierce H. Norton II, who will serve as the board's chairman and as the chairman of the governance and compensation committee; Walter S. Hulse III as a member of the board's sustainability committee; and Lyndon C. Taylor as part of the board’s governance and compensation committee.
Leldon E. Echols will remain as the lead independent director of the board.
Norton is the president and CEO of ONEOK and a member of its board. Hulse is ONEOK’s executive vice president, CFO, treasurer, investor relations and corporate development. Taylor is ONEOK’s executive vice president, chief legal officer and assistant secretary.
As part of its deal with GIP, ONEOK is also in the process of acquiring GIP’s equity interest in Medallion Midstream LLC for $2.6 billion.
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ONEOK Closes $3.3B Acquisition of EnLink Midstream
ONEOK’s EnLink/Medallion Deal is Market-wise, Financially Astute
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