Plains All American Pipeline LP (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) have named Willie Chiang as CEO following the retirement of sitting CEO Greg Armstrong.
The promotions of John R. Keffer, Sam N. Brown, Jeremy L. Goebel and James H. Pinchback are effective immediately. John Rutherford will step down as executive vice president.
These transactions were approved by a special committee of the board of directors consisting of the sole disinterested member. The board authorized and approved the transactions based on the recommendation of the special committee.