Williams and Williams Partners L.P. have announced that Steve Malcolm will retire at the end of this year. Malcolm, 62, has served as chairman and CEO of Williams since 2002. He also has served in those roles at Williams Partners GP LLC, a wholly owned subsidiary of Williams and the general partner of Williams Partners, since its formation in 2005.
Williams’ board of directors elected Alan Armstrong, 48, to succeed Malcolm as Williams’ CEO, effective Jan. 3, 2011. He has served as a senior vice president of Williams and president of its midstream business since 2002. He joined Williams in 1986. Armstrong also will succeed Malcolm as chairman and CEO of Williams Partners GP LLC. Armstrong has served as a director and led its midstream operations since 2005.
The board appointed Frank MacInnis, 63, to succeed Malcolm as chairman of Williams. He has served as a director of the company since 1998 and chairs the nominating and governance committee and serves as a member of its compensation committee. He will be the first non-executive to serve as Williams’ board chairman. He was CEO for 16 years at EMCOR Group Inc. before retiring earlier this year.