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.