ONEOK Announces Two New Executive Leadership Appointments

Rhea-AI Summary

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.

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.