Denver, Co., USA - January 3, 2013, Denver, Co., USA - DCP Midstream and DCP Midstream Partners, gas-related compaies, announced several management and board changes.
Article continues below
Thomas C. 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, the general partner of Partners.
Mr. O'Connor's career spans more than two decades in the energy industry. Before joining DCP Midstream, he was group executive and president of commercial businesses for Duke Energy where he oversaw the Midwest non-regulated generation, Duke Energy International, Duke Energy Generation Services, the telecommunications businesses, Duke Energy's equity in Crescent Resources, and all corporate development and merger and acquisition activities. He served as group executive and chief operating officer of U.S. Franchised Electric and Gas for Duke Energy.
Mr. O'Connor joined Duke Energy in 1987 as supervisor of environmental compliance for Algonquin Gas Transmission in New England before being promoted to manager of environmental compliance in 1988, then manager of market development for Algonquin the following year. Since 1994, he has served as senior vice president of marketing and capacity management, vice president of marketing, vice president of East Coast marketing for the Northeast Pipeline Group and president of PanEnergy Development Co.
Previously, Mr. O'Connor served Texas Eastern Transmission Corp. as director of marketing services and director of business development. O'Connor was named president of Duke Energy Gas Transmission's (DEGT) U.S. operations in conjunction with Duke Energy's acquisition of Westcoast Energy Inc. in 2002. He was named president and chief executive officer of DEGT in December 2002. He was named group vice president of corporate strategy on March 1, 2005.
Mr. O'Connor received a bachelor of science degree in biology, cum laude, and a master of science degree in environmental studies from the University of Massachusetts at Lowell. He also completed the Harvard Business School Advanced Management Program. He is a member of the Science Development Board at The College of Arts & Sciences at the University of Massachusetts at Lowell, and was named Distinguished Alumnus of 2004 by the biology department.
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.
Prior to serving as chief operating officer and president, Mr. van Kempen was president of gathering and processing, and president of the midcontinent business unit and chief development officer for the combined enterprise. Prior to joining DCP Midstream LLC in 2010, he was president of Duke Energy Generation Services.
Mr. van Kempen joined Duke Energy in 2003 as managing director of mergers and acquisitions before rising to vice president of mergers and acquisitions. Prior to Duke Energy, he was employed by General Electric, where he served in increasing roles of responsibility becoming the staff executive for corporate mergers and acquisitions in 1999.
Mr. van Kempen graduated from Erasmus University Rotterdam with a master's degree in business economics. He has extensive business and financial training from General Electric, Harvard Business School, Kellogg Graduate School and IMD International Switzerland.
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.
Mr. Waldheim is currently president of the General Partner and has held that position since August 2012. Prior to that time he was president of the natural gas liquids, gas, and crude oil logistics business unit for DCP Midstream LLC, a position he held since 2011. Prior to that time, he held several executive positions within DCP Midstream LLC.
Mr. Waldheim graduated from the University of Arizona with a bachelor's degree in business and public administration, with a major in accounting. In addition, Waldheim is a graduate from Harvard's Advanced Management Program.
Mark Borer, CEO of the General Partner, retired from the company.
Mr. Borer has spent more than 28 years in the energy industry. His experience spans the areas of natural gas supply, gas storage, gathering and processing, gas and natural gas liquid pipelines, wholesale marketing and trading, business development, and operations.
Prior to joining DCP in November 2006, Mr. Borer worked for DCP Midstream, LLC (formerly Duke Energy Field Services). He joined DCP Midstream, LLC in April 1999, when the company acquired Union Pacific Fuels Inc. (UPFI), as DCP Midstream, LLC, senior vice president, southern division. He was named executive vice president of marketing and corporate development in May 2002 and then group vice president of marketing and corporate development 2004.
Mr. Borer was also a member of the DCP Midstream, LLC executive, disclosure and corporate risk management committees. He also served on the board of directors of TEPPCO, a NYSE-listed master limited partnership, from April 2000 until March 2005.
From 1992 to 1999, Mr. Borer served as vice president of natural gas marketing for UPFI where he was responsible for overall management of UPFI’s wholesale gas marketing business, including gas trading, transportation, supply, risk management and business development activities.
From 1984 to 1992, Mr. Borer held various positions in sales, marketing, transportation, supply and regulatory affairs with UPFuels, Union Pacific Resources (UPR) and its predecessor, Champlin Petroleum. Before UPR, he was employed by Rocky Mountain Energy from 1981 to 1984, and Nebraska Public Power District from 1978 to 1981. ■