Press release
Kinetik Publishes 2021 ESG Report and Announces Appointment of Deborah Byers to its Board of Directors
HOUSTON and MIDLAND, Texas, July 21, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today published its 2021
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[{"type":"text","content":"HOUSTON and MIDLAND, Texas, July 21, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today published its 2021 Environmental, Social and Governance Report (the “Report”), highlighting the sustainability achievements of its predecessors, Altus Midstream Company (“Altus”) and BCP Raptor Holdco, LP (“BCP”), during the 2021 calendar year. The Report provides a comprehensive review of Kinetik’s progress towards advancing a safer, cleaner and more reliable energy future, building a more diverse and inclusive culture, and investing in the communities in which it operates. “We are pleased to share our progress achieved in 2021,” said Jamie Welch, President and CEO. “We recognize that we can symbolize energy for change given our influence within our West Texas communities. Our commitment to advancing the sustainability initiatives outlined in the 2021 ESG Report is evidenced by our recently issued Sustainability-Linked Financing Framework and Senior Notes. We are now the first and only North American-based midstream company to have linked one hundred percent of our debt capital structure to environmental and social initiatives. I am incredibly proud of what we have achieved so far and look forward to Kinetik’s continued progress towards our ESG goals.” Kinetik additionally announced the appointment of Deborah Byers to the Kinetik Board of Directors, effective July 20, 2022. Ms. Byers will serve as Chair of the Audit Committee and as a member of the Corporate Governance and Nominating Committee. Ms. Byers’ appointment brings the Board to its full complement of 11 directors. Ms. Byers recently retired from Ernst and Young (“EY”) following a distinguished 36-year career in public accounting while holding multiple leadership roles. From July 2018 until her retirement in July 2022, she served as EY’s Americas Industry Leader overseeing the markets and growth strategy across its primary industry. Ms. Byers served as EY’s Houston Office Managing Partner and US Energy Leader from July 2013 to July 2018 and Managing Partner of the Southwest Region Strategy & Transactions business unit from July 2008 to July 2013. In these roles, she was a leader in the global energy markets and worked with corporations and investment funds in all phases of energy investment. Currently, Ms. Byers also serves on the Board o...