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Kinetik Announces General Counsel to Retire

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Kinetik Holdings Inc. (NYSE: KNTK) has announced that Todd Carpenter, General Counsel and Chief Compliance Officer, will retire from the company effective February 28, 2025. Mr. Carpenter will continue his current responsibilities and ensure a smooth transition until his retirement. After retiring, he will provide ongoing support to the company.

Kinetik has begun an internal and external search for Mr. Carpenter's successor and will announce the appointment in due course. Jamie Welch, Kinetik's President & Chief Executive Officer, praised Mr. Carpenter's almost 40-year legal career and his contributions to the company over the past seven years, expressing gratitude for his counsel, friendship, and dedicated service to Kinetik.

Kinetik Holdings Inc. (NYSE: KNTK) ha annunciato che Todd Carpenter, Consigliere Generale e Chief Compliance Officer, si ritirerà dalla società a partire dal 28 febbraio 2025. Il sig. Carpenter continuerà a svolgere le sue attuali responsabilità e assicurerà una transizione senza intoppi fino al suo pensionamento. Dopo il ritiro, fornirà supporto continuo all'azienda.

Kinetik ha avviato una ricerca interna ed esterna per il successore del sig. Carpenter e annuncerà la nomina a tempo debito. Jamie Welch, Presidente e Amministratore Delegato di Kinetik, ha lodato la quasi 40ennale carriera legale del sig. Carpenter e i suoi contributi all'azienda negli ultimi sette anni, esprimendo gratitudine per i suoi consigli, la sua amicizia e il servizio dedicato a Kinetik.

Kinetik Holdings Inc. (NYSE: KNTK) ha anunciado que Todd Carpenter, Asesor General y Director de Cumplimiento, se retirará de la empresa a partir del 28 de febrero de 2025. El Sr. Carpenter continuará con sus responsabilidades actuales y asegurará una transición suave hasta su retiro. Después de su jubilación, proporcionará apoyo continuo a la empresa.

Kinetik ha comenzado una búsqueda interna y externa para el sucesor del Sr. Carpenter y anunciará el nombramiento a su debido tiempo. Jamie Welch, Presidente y Director Ejecutivo de Kinetik, elogió la casi carrera legal de 40 años del Sr. Carpenter y sus contribuciones a la empresa durante los últimos siete años, expresando gratitud por su asesoramiento, amistad y servicio dedicado a Kinetik.

Kinetik Holdings Inc. (NYSE: KNTK)Todd Carpenter 법률 고문 겸 최고 준수 책임자가 2025년 2월 28일부로 회사에서 은퇴할 것이라고 발표했습니다. Carpenter 씨는 은퇴할 때까지 현재의 직무를 계속 수행하며 원활한 인수인계를 보장할 것입니다. 은퇴 후에도 회사에 지속적인 지원을 제공할 것입니다.

Kinetik은 Carpenter 씨의 후임자를 찾기 위한 내부 및 외부 검색을 시작했으며 적시에 임명을 발표할 예정입니다. Kinetik의 대통령 겸 CEO인 Jamie Welch는 Carpenter 씨의 거의 40년 간의 법률 경력과 지난 7년 동안 회사에 대한 기여를 칭찬하며 그의 조언, 우정 및 Kinetik에 대한 헌신적인 서비스에 감사의 뜻을 표했습니다.

Kinetik Holdings Inc. (NYSE: KNTK) a annoncé que Todd Carpenter, Conseiller Général et Responsable de la Conformité, prendra sa retraite de l'entreprise à compter du 28 février 2025. M. Carpenter continuera à assumer ses responsabilités actuelles et veillera à une transition en douceur jusqu'à sa retraite. Après sa retraite, il continuera à apporter son soutien à l'entreprise.

Kinetik a commencé une recherche interne et externe pour le successeur de M. Carpenter et annoncera la nomination en temps voulu. Jamie Welch, Président et Directeur Général de Kinetik, a salué la carrière juridique de presque 40 ans de M. Carpenter et ses contributions à l'entreprise au cours des sept dernières années, exprimant sa gratitude pour ses conseils, son amitié et son service dévoué à Kinetik.

Kinetik Holdings Inc. (NYSE: KNTK) hat bekannt gegeben, dass Todd Carpenter, General Counsel und Chief Compliance Officer, das Unternehmen zum 28. Februar 2025 verlassen wird. Herr Carpenter wird seine aktuellen Aufgaben weiterhin erfüllen und einen reibungslosen Übergang bis zu seinem Ruhestand sicherstellen. Nach seinem Ruhestand wird er das Unternehmen weiterhin unterstützen.

Kinetik hat eine interne und externe Suche nach einem Nachfolger für Herrn Carpenter begonnen und wird die Ernennung zu gegebener Zeit bekannt geben. Jamie Welch, Präsident und CEO von Kinetik, lobte die fast 40-jährige juristische Laufbahn von Herrn Carpenter und seine Beiträge zum Unternehmen in den letzten sieben Jahren und drückte seine Dankbarkeit für seinen Rat, seine Freundschaft und seinen engagierten Dienst für Kinetik aus.

Positive
  • Smooth transition plan in place for the General Counsel position
  • Ongoing support from retiring General Counsel after February 2025
Negative
  • Loss of experienced General Counsel and Chief Compliance Officer

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)-- Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced Todd Carpenter, General Counsel and Chief Compliance Officer, informed Kinetik of his intent to retire from the Company effective February 28, 2025. Mr. Carpenter will continue his current day-to-day responsibilities and ensure a seamless transition. Following his retirement, he will provide ongoing support to the Company. Kinetik has commenced an internal and external search for Mr. Carpenter’s successor and will make an announcement in due course.

“Todd’s decision marks the end of an exceptional and distinguished almost 40-year legal career,” said Jamie Welch, Kinetik’s President & Chief Executive Officer. “Todd has been a tremendous asset to the Kinetik team, and I would like to thank him for his counsel and friendship to me and his dedicated service and leadership to Kinetik over the past seven years.”

About Kinetik Holdings Inc.

Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast midstream C-corporation operating in the Delaware Basin. Kinetik is headquartered in Houston and Midland, Texas. Kinetik provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. Kinetik posts announcements, operational updates, investor information and press releases on its website, www.kinetik.com.

Forward-Looking Statements

This news release may include certain statements that may constitute “forward-looking statements” for purposes of the federal securities laws. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that are difficult to predict and many of which are beyond management’s control. These risks and assumptions are described in Kinetik’s reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K and other reports. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management’s view only as of the date made, and Kinetik assumes no obligation to update these forward-looking statements.

Kinetik Investors:

(713) 574-4743

Alex Durkee

Website: www.kinetik.com

Source: Kinetik Holdings Inc.

FAQ

When will Todd Carpenter retire from Kinetik Holdings (NYSE: KNTK)?

Todd Carpenter will retire from Kinetik Holdings Inc. (NYSE: KNTK) effective February 28, 2025.

How long has Todd Carpenter worked at Kinetik Holdings (NYSE: KNTK)?

Todd Carpenter has provided dedicated service and leadership to Kinetik Holdings Inc. (NYSE: KNTK) for the past seven years.

What is Kinetik Holdings (NYSE: KNTK) doing to replace Todd Carpenter?

Kinetik Holdings Inc. (NYSE: KNTK) has commenced an internal and external search for Todd Carpenter's successor and will make an announcement in due course.

Will Todd Carpenter continue to support Kinetik Holdings (NYSE: KNTK) after retirement?

Yes, following his retirement, Todd Carpenter will provide ongoing support to Kinetik Holdings Inc. (NYSE: KNTK).

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