OWENSBORO, Ky., Nov. 1, 2016 /PRNewswire/ -- Southern Star Central Gas Pipeline, Inc. today announced that its Board of Directors has appointed Jimmy D. Staton as President & Chief Executive Officer effective December 5, 2016. Jerry L. Morris, Southern Star's current President & Chief Executive Officer, will assume the role of President & Chief Executive Officer Emeritus until his retirement in early 2017.
Morris announced his intended retirement after 39 years of service earlier this year. Morris said, "I personally know Jimmy, and we've been friends for over 25 years. He has extensive experience in the energy industry, having held leadership positions in gas pipelines, gas distribution companies, and also electricity transmission and distribution. Southern Star will be in great hands."
"Jimmy brings exciting energy to Southern Star," said Olivier Renault, Board Member from Caisse de dépôt et placement du Québec. "His background provides him with diverse experiences from some of the highest levels in the energy industry to share with our team. Adding his new perspectives and skills to the experience and talent of the Southern Star team will allow Southern Star to continue to meet challenges ahead and excel as a leader in our industry."
Jimmy comes with an extensive background in the energy industry. Most recently, he served as Executive Vice President and Member of the Board of Directors of Venture Global LNG. Prior to joining Venture Global, Jimmy served as the Chief Executive Officer of the Columbia Pipeline Group, Northern Indiana Public Service Company and the Columbia Distribution Companies. His experience includes leadership roles in the gas distribution, electric, interstate pipeline transmission and midstream segments in the energy sector. He has been active in industry groups such as the Interstate Natural Gas Association of America, the American Gas Association, the American Gas Foundation, and the Southern Gas Association and has held positions on the Boards of Directors for several organizations. Jimmy graduated from Louisiana State University in 1983 with a degree in Petroleum Engineering. Jimmy and his wife will be relocating to Owensboro.
Jimmy said, "I'm excited to be joining a company with talented people, deep customer relationships, and great assets."
About Southern Star -
Southern Star Central Gas Pipeline, Inc. ("Southern Star"), headquartered in Owensboro, Kentucky, is a natural gas transmission system spanning over 6,000 miles in the Midwest and Mid-continent regions of the United States. Southern Star's pipeline facilities are located throughout Kansas, Oklahoma, Nebraska, Missouri, Wyoming, Colorado and Texas. It serves major markets such as the Kansas City metropolitan area, Wichita, Kansas and the Joplin/Springfield, Missouri areas.
The information in this release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to anticipated financial performance, management's plans and objectives for future operations, business prospects, outcome of regulatory proceedings, market conditions and other matters. Words such as "anticipate," "believe," "estimate," "expect," "intend," "plan" and "objective" and other similar expressions identify some of the statements that are forward-looking. These statements are based on management's beliefs and assumptions and on information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements. In addition to any assumptions and other factors referred to specifically in connection with such statements, factors that could cause actual results to differ materially from those contemplated in any forward-looking statement include, among others, the following: future utilization of pipeline capacity, which can depend on energy prices and the prices for natural gas available on Central's system, competition from other pipelines and alternative fuels, the general level of natural gas demand, decisions by customers not to renew expiring natural gas transportation contracts, adequate supplies of natural gas, the construction or abandonment of gas customer facilities, weather conditions and other factors beyond Central's control; operational risks and limitations of Central's pipeline system and of interconnected pipeline systems; changes in federal, state or local laws and regulations to which Central is subject, including allowed rates of return and related regulatory matters, and tax, environmental and employment laws and regulations; the ability of Central's customers to pay for its services; the ability to obtain governmental and regulatory approval of various expansion projects; the cost and effects of legal and administrative proceedings; the effect of accounting interpretations and changes in accounting policies; and changes in general economic, market or business conditions.
Other factors and assumptions not identified above may also have been involved in deriving these forward-looking statements, and the failure of those other assumptions to be realized, as well as other factors, may also cause actual results to differ materially from those projected. Central assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking statements.
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SOURCE Southern Star Central Gas Pipeline, Inc.