Why has ONEOK expanded its Board of Directors?

ONEOK has expanded its Board of Directors to add new independent expertise, appointing Mark A. McCollum and Precious Williams Owodunni. This expansion aims to leverage their extensive experience in areas such as corporate finance, strategic leadership, and governance to further strengthen the board's oversight and strategic direction.

What relevant experience do the new directors bring to ONEOK?

Mark A. McCollum has significant executive experience, including his tenure as President and CEO of Weatherford International and as Executive Vice President and CFO of Halliburton. Precious Williams Owodunni is the CEO of Mountaintop Consulting and previously held positions at Goldman Sachs & Co. in investment banking and private equity. Their diverse backgrounds are expected to provide valuable insights to ONEOK.

On which committees will the new directors serve?

Mark A. McCollum will serve on the ONEOK Board's Audit Committee and Corporate Governance Committee. Precious Williams Owodunni will serve on the ONEOK Board's Executive Compensation Committee and Corporate Governance Committee.

Are the new directors considered independent?

Yes, the ONEOK Board of Directors has determined that both Mark A. McCollum and Precious Williams Owodunni are independent under the rules of the New York Stock Exchange.

OKE 8-K: Leadership Changes

Summary

ONEOK, Inc. (OKE) announced on January 26, 2026, a strategic expansion of its Board of Directors, appointing two new independent directors, Mark A. McCollum and Precious Williams Owodunni, effective January 23, 2026. This move increases the board size from 10 to 12 members. Mr. McCollum brings extensive executive experience from leadership roles at Weatherford International and Halliburton, including CFO positions. Ms. Owodunni offers expertise in strategy, organizational development, and corporate finance, having previously served at Goldman Sachs & Co. and currently leading Mountaintop Consulting. The appointment of these seasoned professionals is expected to enhance the board's expertise in critical areas. Mr. McCollum will contribute to the Audit and Corporate Governance Committees, while Ms. Owodunni will join the Executive Compensation and Corporate Governance Committees. Both directors have been deemed independent under NYSE rules, and customary indemnification agreements have been put in place to support their roles. This expansion signals a commitment by ONEOK to strengthen its governance and strategic oversight.

Key Highlights

1ONEOK Inc. appointed Mark A. McCollum and Precious Williams Owodunni as new independent directors to its Board of Directors.
2The size of the ONEOK Board has been increased from 10 to 12 directors.
3Mark A. McCollum brings a strong background in oilfield services and finance, having previously served as CEO of Weatherford International and CFO of Halliburton.
4Precious Williams Owodunni offers expertise in strategic advisory and investment banking, with prior experience at Goldman Sachs & Co. and leadership of Mountaintop Consulting.
5Mr. McCollum will serve on the Audit and Corporate Governance Committees.
6Ms. Owodunni will serve on the Executive Compensation and Corporate Governance Committees.
7Both new directors have been determined to be independent under New York Stock Exchange rules.

ONEOK INC /NEW/ 8-K Report, Executive Changes (Jan 26, 2026)

Summary

Key Highlights

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