WES appoints Oscar Brown as President & CEO, replacing Michael Ure effective Oct 28

Western Midstream Partners, LP

Oscar Brown appointed President and CEO of General Partner effective Oct 28, 2024; he was independent director since 2019.
Michael Ure steps down as President/CEO and director, no disagreement; will serve as advisor through Dec 31, 2024.
Brown compensation: $950k base, $300k special 2024 bonus, $6M time-based units vesting over 3 years.
Ure severance: 2x base salary + 2024 target bonus paid over 24 months; plus benefits, equity pro-rata vest.
Reaffirms 2024 guidance: Adj. EBITDA $2.2B-$2.4B, FCF $1.05B-$1.25B, expecting high end.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Michael P. Ure

President and Chief Executive Officer

WES · Western Midstream Partners, LP

Effective: 2024-10-28
Successor: Oscar K. Brown
Filed: November 1, 2024, 7:59 PM ET

Michael P. Ure agreed that he will step down from his position as President and Chief Executive Officer of the General Partner and as a director of the Board, effective October 28, 2024 (the “Transition Date”).

Appointed

Oscar K. Brown

President and Chief Executive Officer

WES · Western Midstream Partners, LP

Effective: 2024-10-28
Filed: November 1, 2024, 7:59 PM ET

Oscar K. Brown, an independent director of Western Midstream Holdings, LLC, WES’s general partner (the “General Partner”) has been appointed President and Chief Executive Officer of the General Partner, effective October 28, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael P. Ure departed as President and Chief Executive Officer at Western Midstream Partners, LP.

Action: step down
Role: President and Chief Executive Officer

Exact text from the filing

Michael P. Ure agreed that he will step down from his position as President and Chief Executive Officer of the General Partner and as a director of the Board, effective October 28, 2024 (the “Transition Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Oscar K. Brown was appointed as President and Chief Executive Officer at Western Midstream Partners, LP.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Oscar K. Brown, an independent director of Western Midstream Holdings, LLC, WES’s general partner (the “General Partner”) has been appointed President and Chief Executive Officer of the General Partner, effective October 28, 2024.

View on SEC.gov

Western Midstream Partners, LP filing history →

Source: SEC EDGAR

accession 0001423902-24-000074

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