DCP Midstream LLC and DCP Midstream Partners LP announced the following management and board changes:

• Tom O’Connor will retire as chief executive of DCP Midstream LLC, but will remain as chairman of the board for both DCP Midstream LLC and DCP Midstream GP LLC, the general partner of partners, until an appointed time in 2013.
• Wouter van Kempen, formerly chief operating officer and president of DCP Midstream LLC, will become chief executive and president of DCP Midstream LLC and chief executive of the general partner.
• William Waldheim, president of the general partner will join the general partner’s board of directors and will continue to have the primary responsibility for the day to day operations of the partners.
• As previously announced, Mark Borer, chief executive of the general partner, retired on Dec. 31, 2012.

Prior to serving as chief operating officer and president, van Kempen was president of gathering and processing, and president of the midcontinent business unit and chief development officer for the combined enterprise. Prior to joining DCP Midstream LLC in 2010, he was president of Duke Energy Generation Services. Van Kempen joined Duke Energy in 2003 as managing director of mergers and acquisitions before rising to vice president of mergers and acquisitions. Prior to Duke Energy, he was employed by General Electric, where he served in increasing roles of responsibility becoming the staff executive for corporate mergers and acquisitions in 1999.

Waldheim is currently president of the general partner and has held that position since August 2012. Prior to that time he was president of the natural gas liquids, gas, and crude oil logistics business unit for DCP Midstream LLC, a position he held since 2011. Prior to that time, he held several executive positions within DCP Midstream LLC.