TULSA, Oklahoma – Tulsa-based Williams Companies announced Tuesday that President Steve Malcolm will retire at the end of this year.
Malcolm, 62, has been CEO and chairman for the company since 2002. He was named president and chief operating officer in September 2001.
A statement on the company's website said its board of directors named Alan Armstrong, 48, to succeed Malcolm as Chief Executive Officer. Armstrong, who joined Williams in 1986, is the Senior Vice President of Williams and President of its midstream business.
The board named Frank MacInnis, 63, to succeed as chairman of the company. MacInnis has worked as a director of the company since 1998.
"I look forward to continuing to work closely with Alan, Frank and both boards of directors to ensure a smooth, effective transition," Malcolm said. "It has been my privilege to serve with so many talented people in staff, management and board roles over the course of my career at Williams. Together, we have accomplished a great deal and have created opportunities for even greater achievements in the future."
Armstrong and MacInnis will begin their new roles in January.