ONEOK Inc. and ONEOK Partners have made changes to management and the board of directors. Terry K. Spencer, currently COO of ONEOK Partners, will be promoted to president of ONEOK and ONEOK Partners. Spencer will remain a member of the ONEOK Partners board of directors.
Pierce H. Norton II, currently COO of ONEOK, will be promoted to executive vice president and COO of ONEOK and ONEOK Partners. Robert F. Martinovich will be promoted to executive vice president, CFO and treasurer of ONEOK and ONEOK Partners. He previously was senior vice president, CFO and treasurer of both entities. Martinovich will continue as a member of the ONEOK Partners board of directors.
All three promotions are effective on Jan. 1, 2012.
Spencer also will assume responsibility for the organization's support functions, including corporate planning and development, human resources, information technology, corporate services, and investor relations and public affairs.
Steven J. Malcolm has been selected to represent the board of directors of both ONEOK Inc. and ONEOK Partners, effective Jan. 1, 2012. With his election, the ONEOK board of directors now has 12 members, 11 of whom are independent. The ONEOK Partners board now has 11 members, eight of whom are independent. Malcolm, retired as chairman, president and CEO of Tulsa-based Williams on Jan. 3, 2011. He was named chairman of Williams in May 2002, CEO in January 2002 and president and COO of Williams in September 2001.
