Summary
The Williams Companies, Inc. (WMB) announced a significant change to its Board of Directors, appointing two new independent directors, Robb E. Turner and Lloyd W. (Billy) Helms, Jr., effective July 1, 2026. This expansion increases the Board's size from ten to twelve members, aiming to enhance oversight and governance. Both new directors have been assigned to key committees: Mr. Turner to Audit and Governance & Sustainability, and Mr. Helms to Compensation & Management Development and Environmental, Health & Safety. These appointments are standard for independent directors and include a mix of cash and equity compensation, with equity awards subject to deferral periods.
Key Highlights
- 1Williams Companies, Inc. (WMB) appointed two new independent directors: Robb E. Turner and Lloyd W. (Billy) Helms, Jr.
- 2The size of the Board of Directors has been increased from ten to twelve members.
- 3Mr. Turner will serve on the Audit Committee and the Governance and Sustainability Committee.
- 4Mr. Helms will serve on the Compensation and Management Development Committee and the Environmental, Health and Safety Committee.
- 5Both new directors have been determined to be independent under SEC and NYSE rules.
- 6New directors will receive an annual compensation package including a $130,000 cash retainer and a $200,000 equity retainer in restricted stock units.
- 7Equity awards for new directors are subject to mandatory one-year deferral periods.
Frequently Asked Questions
The appointment of Robb E. Turner and Lloyd W. (Billy) Helms, Jr. expands the Board of Directors to twelve members and aims to bring fresh perspectives and expertise to the company's governance and oversight, particularly within the committees they will serve.
Yes, the Board of Directors has determined that both Mr. Turner and Mr. Helms are independent directors under the rules of the Securities Exchange Act of 1934 and the listing standards of the New York Stock Exchange.
The new non-employee directors will receive a standard annual package consisting of a $130,000 cash retainer and a $200,000 equity retainer in the form of restricted stock units. These equity awards have deferral requirements.
Mr. Turner will join the Audit Committee and the Governance and Sustainability Committee. Mr. Helms will join the Compensation and Management Development Committee and the Environmental, Health and Safety Committee.