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ONEOK Announces Two New Executive Leadership Appointments

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ONEOK (NYSE: OKE) has announced two key executive leadership appointments, effective immediately. Randy N. Lentz, former CEO of Medallion Midstream, has been appointed as Executive Vice President and Chief Operating Officer, overseeing all asset operations. Sheridan C. Swords, previously Executive Vice President of commercial liquids and natural gas gathering and processing, has been promoted to Executive Vice President and Chief Commercial Officer, with expanded oversight including the Natural Gas Pipelines segment.

Both executives will report directly to Pierce H. Norton II, President and CEO. ONEOK operates as a leading midstream operator with a 50,000-mile pipeline network, providing gathering, processing, fractionation, transportation, and storage services for natural gas, NGLs, refined products, and crude oil across North America.

ONEOK (NYSE: OKE) ha annunciato due importanti nomine dirigenziali, con effetto immediato. Randy N. Lentz, ex CEO di Medallion Midstream, è stato nominato Vice Presidente Esecutivo e Chief Operating Officer, con la responsabilità di supervisionare tutte le operazioni degli asset. Sheridan C. Swords, precedentemente Vice Presidente Esecutivo per i liquidi commerciali e la raccolta e lavorazione del gas naturale, è stato promosso a Vice Presidente Esecutivo e Chief Commercial Officer, con un'ampia supervisione che include il segmento dei gasdotti per il gas naturale.

Entrambi i dirigenti riporteranno direttamente a Pierce H. Norton II, Presidente e CEO. ONEOK opera come un operatore di riferimento nel settore midstream con una rete di gasdotti di 50.000 miglia, fornendo servizi di raccolta, lavorazione, frazionamento, trasporto e stoccaggio per gas naturale, NGL, prodotti raffinati e petrolio greggio in tutta Nord America.

ONEOK (NYSE: OKE) ha anunciado dos importantes nombramientos ejecutivos, con efecto inmediato. Randy N. Lentz, ex CEO de Medallion Midstream, ha sido nombrado Vicepresidente Ejecutivo y Director de Operaciones, supervisando todas las operaciones de activos. Sheridan C. Swords, anteriormente Vicepresidente Ejecutivo de líquidos comerciales y recolección y procesamiento de gas natural, ha sido ascendido a Vicepresidente Ejecutivo y Director Comercial, con una supervisión ampliada que incluye el segmento de Gasoductos de Gas Natural.

Ambos ejecutivos reportarán directamente a Pierce H. Norton II, Presidente y CEO. ONEOK opera como un operador líder en el segmento midstream con una red de gasoductos de 50,000 millas, proporcionando servicios de recolección, procesamiento, fraccionamiento, transporte y almacenamiento de gas natural, NGL, productos refinados y petróleo crudo en toda América del Norte.

ONEOK (NYSE: OKE)는 즉시 효력을 발휘하는 두 가지 주요 경영진 임명을 발표했습니다. 랜디 N. 렌츠, 메달리온 미드스트림의 전 CEO가 총괄 부사장 및 최고 운영 책임자로 임명되어 모든 자산 운영을 감독하게 됩니다. 셔리단 C. 소드스, 이전 상업 액체 및 천연 가스 수집 및 처리가의 부사장이 천연 가스 파이프라인 부문을 포함한 확대된 감독 권한을 가진 총괄 부사장 및 최고 상업 책임자로 승진했습니다.

두 명의 임원은 피어스 H. 노턴 II, 사장 겸 CEO에게 직접 보고하게 됩니다. ONEOK는 50,000마일의 파이프라인 네트워크를 보유한 선도적인 미드스트림 운영업체로, 북미 전역에 걸쳐 천연 가스, NGL, 정제된 제품 및 원유에 대한 수집, 처리, 분별, 운송 및 저장 서비스를 제공합니다.

ONEOK (NYSE: OKE) a annoncé deux nominations clés au sein de sa direction, avec effet immédiat. Randy N. Lentz, ancien CEO de Medallion Midstream, a été nommé Vice-président exécutif et Directeur des opérations, supervisant toutes les opérations des actifs. Sheridan C. Swords, précédemment Vice-président exécutif des liquides commerciaux et de la collecte ainsi que du traitement du gaz naturel, a été promu Vice-président exécutif et Directeur commercial, avec une supervision élargie incluant le segment des pipelines de gaz naturel.

Les deux dirigeants feront directement rapport à Pierce H. Norton II, Président et CEO. ONEOK opère en tant qu'opérateur de premier plan dans le secteur midstream avec un réseau de pipelines de 50 000 miles, fournissant des services de collecte, de traitement, de fractionnement, de transport et de stockage pour le gaz naturel, les NGL, les produits raffinés et le pétrole brut à travers l'Amérique du Nord.

ONEOK (NYSE: OKE) hat zwei wichtige Ernennungen in der Unternehmensführung bekannt gegeben, die sofort wirksam werden. Randy N. Lentz, ehemaliger CEO von Medallion Midstream, wurde zum Executive Vice President und Chief Operating Officer ernannt und ist verantwortlich für die Überwachung aller Betriebsabläufe. Sheridan C. Swords, zuvor Executive Vice President für kommerzielle Flüssigkeiten sowie das Sammeln und Verarbeiten von Erdgas, wurde zum Executive Vice President und Chief Commercial Officer befördert, mit erweiterten Zuständigkeiten, einschließlich des Segments der Erdgas-Pipelines.

Beide Führungskräfte berichten direkt an Pierce H. Norton II, Präsident und CEO. ONEOK agiert als führender Midstream-Betreiber mit einem Leitungsnetz von 50.000 Meilen und bietet Sammlung, Verarbeitung, Fraktionierung, Transport und Lagerung von Erdgas, NGLs, raffinierten Produkten und Rohöl in Nordamerika an.

Positive
  • Strategic expansion of executive leadership team with experienced industry professionals
  • Creation of new COO position indicates focus on operational efficiency
  • Consolidation of commercial operations under single leadership suggests improved organizational structure
Negative
  • None.

TULSA, Okla., Jan. 6, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced two executive leadership appointments, both of which are effective immediately.

Randy N. Lentz, chief executive officer and founder of Medallion Midstream, is assuming the newly created position of executive vice president and chief operating officer. In this role, Lentz is responsible for all of ONEOK's asset operations. 

Sheridan C. Swords, previously executive vice president, commercial liquids and natural gas gathering and processing, is assuming the newly created position of executive vice president and chief commercial officer. In addition to his previous responsibilities, Swords now also oversees the Natural Gas Pipelines segment.

"We are pleased to announce Randy's and Sheridan's new roles," said Pierce H. Norton II, president and chief executive officer of ONEOK. "Their extensive experience in the industry and leadership will be invaluable to our company as we continue our intentional and disciplined approach to building a diversified, fully integrated, energy infrastructure company."

Swords will continue to report to Norton as will Lentz. 

At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation and storage services. Through our more than 50,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest diversified energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the lives of people in the U.S. and around the world.

ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma.

For information about ONEOK, visit the website: www.oneok.com. For the latest news about ONEOK, find us on LinkedIn, Facebook, X and Instagram.

Analyst Contact:

Andrew Ziola


918-588-7683

Media Contact:

Alicia Buffer


918-861-3749

 

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SOURCE ONEOK, Inc.

FAQ

Who are the new executive appointments at ONEOK (OKE) announced in January 2024?

ONEOK appointed Randy N. Lentz as Executive Vice President and Chief Operating Officer, and Sheridan C. Swords as Executive Vice President and Chief Commercial Officer.

What is Randy Lentz's new role at ONEOK (OKE)?

Randy Lentz, former CEO of Medallion Midstream, has been appointed as Executive Vice President and Chief Operating Officer, responsible for all of ONEOK's asset operations.

What are Sheridan Swords' new responsibilities at ONEOK (OKE)?

Sheridan Swords has been promoted to Executive Vice President and Chief Commercial Officer, overseeing commercial liquids, natural gas gathering and processing, and the Natural Gas Pipelines segment.

How extensive is ONEOK's (OKE) pipeline network?

ONEOK operates a 50,000-mile pipeline network that transports natural gas, natural gas liquids (NGLs), refined products, and crude oil.

Oneok, Inc.

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