Western Midstream Announces New CFO

Source: www.gulfoilandgas.com 5/3/2022, Location: North America

Western Midstream Partners, LP announced the appointment of Kristen Shults to Senior Vice President and Chief Financial Officer, effective on May 2, 2022.

In this role, Shults will continue to lead the organization’s Finance, Investor Relations, Communications, and Sustainability teams, with additional oversight of the Accounting organization.

“Since becoming a stand-alone midstream enterprise, our team has made tremendous progress in reducing our cost structure, increasing our operational efficiency, and returning value back to stakeholders through debt reduction, unit buybacks, and attractive distributions,” said President and CEO Michael Ure. “Kristen’s acumen, work ethic, and commitment at WES has made her an invaluable part of this effort, and I look forward to building upon our strong foundation with her steady leadership.”

“I’m excited to further expand my role and lead such a highly talented and diverse group of professionals,” Shults said. “Their talent and dedication to excellence, along with our culture of sustainability and operational efficiency, instill great confidence in me that the best is yet to come at WES.”

Shults joined Western Midstream in 2019 as Vice President, Investor Relations and Communications, and most recently served as Senior Vice President, Finance and Sustainability. She has 15 years of accounting and finance experience, including 10 years within the oil and natural gas industry. She served in various roles of increasing responsibility with Anadarko Petroleum Corporation’s tax organization, and began her career at Ernst & Young, LLP. Shults holds a Bachelor of Business Administration and Masters in Professional Accounting from The University of Texas at Austin and is a Certified Public Accountant, licensed in Texas.


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