DCP Midstream LLC and DCP Midstream Partners LP (NYSE: DPM) have made management and board changes effective January 1, 2013.
Tom O’Connor will retire as CEO of DCP Midstream LLC, but will remain as chairman of the board for both DCP Midstream LLC and DCP Midstream GP LLC until an appointed time in 2013.
Wouter van Kempen, formerly chief operating officer and president of DCP Midstream LLC, will become CEO and president of DCP Midstream LLC and CEO of the General Partner.
William Waldheim, president of the General Partner, will join the General Partner’s board of directors and will continue to have the primary responsibility for the day to day operations of Partners.
As previously announced, Mark Borer, CEO of the General Partner, retired on December 31, 2012.
Prior to serving as chief operating officer and president, van Kempen was president of gathering and processing, and president of the midcontinent business unit and chief development officer for the combined enterprise. He was also president of Duke Energy Generation Services.
Waldheim is currently president of the General Partner and has held that position since August 2012. Prior to that, he was president of the natural gas liquids, gas, and crude oil logistics business unit for DCP Midstream LLC.
DCP Midstream Partners LP is a midstream master limited partnership based in Denver that is engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and condensate; and transporting, storing and selling propane in wholesale markets.