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Williams appoints two directors to board

WilliamsThe Williams Companies, Inc., an energy company, announced that Stephen Chazen and Peter Ragauss have been appointed to the Williams board of directors.

Mr. Chazen, former President and Chief Executive Officer and current Board director of Occidental Petroleum, retired as Chief Executive Officer of Occidental Petroleum Corporation in April 2016, and has remained on Occidental’s Board of Directors where he has served since May 2010.

READ MORE Williams chairman and nearly half of directors quit

He previously served as President of Occidental Petroleum from 2007 to 2015; Chief Operating Officer from 2010 to 2011; and Chief Financial Officer from 2007 to 2010.

Prior to being named President and Chief Financial Officer, Mr. Chazen was Chief Financial Officer and Senior Executive Vice President from 2004 to 2007, Chief Financial Officer and Executive Vice President-Corporate Development from 1999 to 2004, and Executive Vice President-Corporate Development from 1994 to 1999.

Before joining Occidental, Mr. Chazen was a Managing Director in Corporate Finance and Mergers and Acquisitions at Merrill Lynch. He is a former Chairman of the American Petroleum Institute and continues to serve on its board.

Mr. Chazen holds a Ph.D. in Geology from Michigan State University, a master's degree in Finance from the University of Houston and a bachelor's degree in Geology from Rutgers College.

Mr. Ragauss, former Chief Financial Officer of Baker Hughes and current Board director at Apache Corporation, retired from Baker Hughes in November 2014 after serving eight years as Senior Vice President and Chief Financial Officer. He joined the Board of Directors of Apache Corporation in December 2014.

From 2003 to 2006, prior to joining Baker Hughes, Mr. Ragauss was controller, Refining and Marketing, for BP Plc. From 2000 to 2003, he was chief executive officer for Air BP.

From 1998 to 2000, he was assistant to group chief executive for BP Amoco. He was vice president of Finance and Portfolio Management for Amoco Energy International when Amoco Corporation merged with BP in 1998.

Earlier in his career, from 1996 to 1998, Mr. Ragauss served as vice president of Finance for El Paso Energy International. He held positions of increasing responsibility at Tenneco Inc. from 1993 to 1996, and Kidder, Peabody & Co. Incorporated from 1987 to 1993.

Mr. Ragauss holds a master’s degree from Harvard Business School and bachelor’s degree in Mechanical Engineering from Michigan State University.

The Board also announced that three Williams directors who served prior to 2016 will not stand for re-election at the 2016 Annual Meeting.

The Board also announced that it has reconstituted its Nominating and Governance Committee.

Stephen Bergstrom, Stephen Chazen and Dr. Kathleen B. Cooper have been appointed to the Committee with Mr. Bergstrom serving as Chairman.




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