Spectra Energy Corp Announces Management Appointments
Senior Leaders' Responsibilities Shift in the U.S. and Canada
HOUSTON, Oct. 10, 2012
HOUSTON, Oct. 10, 2012 /PRNewswire/ --Spectra Energy Corp (NYSE: SE) today
announced a number of senior management appointments effective January 1,
(Logo: http://photos.prnewswire.com/prnh/20061030/CLM051LOGO )
The management appointments include the following:
Doug Bloom, who currently serves as president of Spectra Energy Transmission
West (SET West), will become president of Canadian LNG. Bloom's proven
leadership capabilities will be integral in delivering on a multitude of
liquefied natural gas (LNG) opportunities in western Canada, including the
recently announced multi-billion dollar joint venture between Spectra Energy
and BG Group plc to build a major pipeline to serve a new LNG facility on the
west coast of Canada. Bloom will relocate to Vancouver.
Mark Fiedorek will become president of SET West, leading the existing western
Canadian businesses and continuing the growth of its pipeline and gathering
and processing sectors. Fiedorek, who currently serves as group vice
president of Southeast Transmission and Storage in the U.S., has a wealth of
operational and commercial experience and a demonstrated ability to grow the
pipeline, storage and gathering and processing businesses. Fiedorek will
relocate to Calgary. He will remain a director of the midstream master
limited partnership, DCP Midstream Partners, LP.
Bill Yardley will become president of U.S. Transmission and Storage. Yardley
currently leads the northeast U.S. commercial activities and will add the
southeast commercial activities to his area of responsibility. As the growth
outlook for U.S. natural gas transmission and storage remains strong,
Yardley's experience maintaining and growing the base business as well as
delivering on new growth projects will serve customers and investors well.
Yardley will remain a director of Spectra Energy Partners, LP.
"Spectra Energy has several billion dollars of projects in execution and more
than 20 billion dollars in opportunities through the end of this decade. These
senior leaders will help ensure that Spectra Energy is well positioned to
develop and execute on the opportunities ahead," said Greg Ebel, president and
chief executive officer, Spectra Energy Corp. "These management changes will
allow the company to leverage across the enterprise the substantial experience
these senior executives possess, as we continue to grow value for our
investors and customers."
Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North
America's premier natural gas infrastructure companies serving three key links
in the natural gas value chain: gathering and processing, transmission and
storage, and distribution. For more than a century, Spectra Energy and its
predecessor companies have developed critically important pipelines and
related infrastructure connecting natural gas supply sources to premium
markets. Based in Houston, Texas, the company's operations in the United
States and Canada include more than 19,000 miles of transmission pipeline,
approximately 305 billion cubic feet of storage, as well as natural gas
gathering and processing, natural gas liquids and local distribution
operations. The company also has a 50 percent ownership in DCP Midstream, one
of the largest natural gas gatherers and processors in the United States.
Spectra Energy is a member of the Dow Jones Sustainability World and North
America Indexes and the Carbon Disclosure Project's Global 500 and S&P 500
Carbon Disclosure Leadership Indexes. For more information, visit
SOURCE Spectra Energy Corp
Contact: Media: Caitlin Currie, +1-713-627-5353, +1-713-627-4747 (24-hour
media line), or Analysts: John Arensdorf, +1-713-627-4600
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