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Archrock Announces Changes to Board of Directors

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Archrock, Inc. (NYSE:AROC) announced the retirement of Wendell R. Brooks from its Board of Directors on January 20, 2021, after serving since 2015. Leonard W. Mallett was appointed to the Board immediately following Mr. Brooks's departure. Mallett brings extensive experience in the midstream sector, having previously held roles at Summit Midstream Partners and Enterprise Products Partners. Chairman Gordon Hall expressed gratitude for Brooks's contributions and optimism about Mallett's potential impact on the Company.

Positive
  • Leonard W. Mallett appointed to Board, bringing significant operating experience in the midstream sector.
  • Mallett's prior roles at Summit Midstream and Enterprise Products enhance Board expertise.
Negative
  • Retirement of Wendell R. Brooks may create a gap in Board continuity and leadership.

HOUSTON, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) (“Archrock” or the “Company”) today announced that, on January 20, 2021, Wendell R. Brooks notified the Company of his retirement from the Company’s Board of Directors (the “Board”).  Mr. Brooks has served on the Board since 2015, including as a member of the audit and compensation committees.

On January 20, 2021, the Board appointed Leonard W. Mallett to fill the vacant Board seat resulting from Mr. Brooks’s retirement, effective immediately.  Mr. Mallett will serve as a member of the compensation committee of the Board.

From December 2015 until his retirement in October 2020, Mr. Mallett served as Executive Vice President and Chief Operations Officer of Summit Midstream Partners, LP. In addition, from February to September 2019, he served as Summit’s Interim Chief Executive Officer. From 2006 to 2015, Mr. Mallett served in various roles at Enterprise Products Partners L.P., including Senior Vice President, Engineering, and as Senior Vice President of Environmental, Health and Safety. Mr. Mallett also served in multiple operating roles with TEPPCO Partners, L.P. from 1979 through 2006.

Commenting on the changes in Board membership, Gordon Hall, Chairman of the Board of Archrock remarked, “We have benefitted significantly from Wendell’s experience and leadership in the oil and gas industry. He will be greatly missed and we wish him well in his future endeavors. At the same time, we are fortunate to add Leonard to our Board.  He brings significant operating experience in the midstream space and I am confident he will be an excellent addition to Archrock’s Board.”

About Archrock
Archrock is an energy infrastructure company with a pure-play focus on midstream natural gas compression.  Archrock is the leading provider of natural gas compression services to customers in the oil and natural gas industry throughout the U.S. and a leading supplier of aftermarket services to customers that own compression equipment in the U.S. Archrock is headquartered in Houston, Texas. For more information, please visit www.archrock.com.

For information, contact:

Megan Repine
Vice President, Investor Relations
(281) 836-8360
investor.relations@archrock.com

        


FAQ

Who replaced Wendell R. Brooks on the Archrock Board?

Leonard W. Mallett was appointed to the Archrock Board on January 20, 2021.

What experience does Leonard W. Mallett bring to Archrock?

Leonard W. Mallett has significant operating experience in the midstream sector from roles at Summit Midstream Partners and Enterprise Products Partners.

What impact could the Board changes have on Archrock?

The addition of Mallett may enhance operational expertise, but Brooks's departure raises concerns about continuity.

When did Wendell R. Brooks retire from Archrock's Board?

Wendell R. Brooks notified Archrock of his retirement on January 20, 2021.

Archrock Inc

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Oil & Gas Equipment & Services
Natural Gas Transmission
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United States of America
HOUSTON