Summary
ONEOK, Inc. (OKE) announced on September 25, 2023, the appointment of two new independent directors to its Board of Directors: Lori A. Gobillot and Wayne T. Smith. This strategic addition to the board aims to enhance its expertise and governance capabilities. Ms. Gobillot brings extensive experience in business consulting, strategic planning, and corporate governance, including a significant tenure in legal and business roles at Continental/United Airlines. Mr. Smith adds deep operational and executive leadership experience from his retired roles as Chairman and CEO of BASF Corporation, North America, and prior leadership positions in the chemical industry. The appointments are effective September 25, 2023, with both directors being determined to be independent under NYSE rules. Ms. Gobillot has been appointed to the Executive Compensation and Corporate Governance Committees, while Mr. Smith will serve on the Audit and Corporate Governance Committees. These appointments are expected to further strengthen ONEOK's oversight and strategic direction, reflecting a commitment to robust corporate governance.
Key Highlights
- 1ONEOK appointed Lori A. Gobillot and Wayne T. Smith as new independent directors to its Board of Directors, effective September 25, 2023.
- 2Ms. Gobillot has a background in business consulting and extensive experience from officer roles at Continental/United Airlines, including M&A integration.
- 3Mr. Smith brings significant executive leadership experience, having served as retired Chairman and CEO of BASF Corporation, North America, and previously with W.R. Grace and The BOC Group.
- 4Both new directors have been determined to be independent under New York Stock Exchange (NYSE) listing standards.
- 5Ms. Gobillot has been appointed to the Executive Compensation and Corporate Governance Committees.
- 6Mr. Smith has been appointed to the Audit and Corporate Governance Committees.
- 7The company has entered into customary indemnification agreements with both new directors.