DCP Midstream Announces Management Changes
“Given our strong growth momentum and the scope and scale of our ambition, DCP Midstream’s board of directors and I agree that now is the right time to extend Wouter’s responsibilities to president and chief operating officer for DCP. Wouter has a tremendous track record of growing businesses and building value for customers and investors, and I am excited to work even more closely with Wouter to deliver on the exciting opportunities that lie ahead for the DCP enterprise. This appointment underscores the overall management strength of DCP and the dedicated focus we have placed on succession planning,” O’Connor said.
Reporting to van Kempen:
- Brent Backes, Group Vice President, General Counsel, Corporate Secretary
- Christopher Lewis, Group Vice President and Chief Corporate Officer
- Sean O’Brien, Senior Vice President and Chief Financial Officer
- Don Baldridge, Senior Vice President, Marketing & Logistics
- Brian Frederick, Senior Vice President, South Region
- Greg Smith, Senior Vice President, Midcontinent and Permian regions
- Kevin Williams, Senior Vice President, North Region
- David Stone, Vice President, Business Development
“I am honored and excited for this challenge to lead all of DCP’s operations and corporate functions. I look forward to continue to work with all of our talented senior management team to deliver even more success in the months and years to come and to continue to grow our footprint as we execute on over $4 billion of growth projects. We have been creative in introducing both midstream and downstream solutions for our customers and will continue to build much needed gas processing capacity and NGL infrastructure to meet the country’s energy needs. We will continue to balance growth with our unwavering emphasis on operational excellence and safety in all we do,” van Kempen said.
Prior to serving as president of gathering and processing, van Kempen was president of the midcontinent business unit and chief development officer for the combined enterprise. Prior to joining DCP 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. Van Kempen graduated from Erasmus University Rotterdam with a master’s degree in business economics. He has extensive business and financial training from General Electric, Harvard Business School, Kellogg Graduate School and IMD International Switzerland.
Last month, DCP Midstream GP, LLC, the general partner of DCP Midstream Partners, LP (NYSE: DPM), announced that Bill Waldheim, formerly president of DCP Midstream’s NGL, gas and crude oil logistics business unit, was appointed president of the general partner, reporting to CEO Mark Borer, effective Sept. 1, 2012.
DCP Midstream LLC, with headquarters in Denver, leads the midstream segment as the second-largest natural gas gatherer and processor, the largest natural gas liquids producer and one of the largest marketers in the United States. DCP Midstream operates in 18 states across major producing regions. DCP Midstream is a 50:50 joint venture between Spectra Energy and Phillips 66. The company owns the general partner of DCP Midstream Partners LP, a master limited partnership, and provides operational and administrative support to the partnership. DCP Midstream is the largest oil and gas company, the largest private company and one of the “Best Places to Work” in Denver as ranked by the Denver Business Journal. For more information, visit the DCP Midstream website at http://www.dcpmidstream.com.
Lisa Newkirk, 303-605-1837
Source: DCP Midstream