HOUSTON, March 14, 2003 — El Paso Corp. announced that John L. Whitmire, chairman of CONSOL Energy, Inc., former chairman and CEO of Union Texas Petroleum Holdings, Inc., and former executive vice president of Worldwide E&P for Phillips Petroleum Company, will join the Board of Directors of El Paso Corporation effective March 17, 2003. The Board of Directors voted unanimously to add Whitmire to the board.
“We welcome the addition of another strong independent leader to El Paso’s board,” said Ronald L. Kuehn, Jr., chairman and chief executive officer of El Paso. “Whitmire’s extensive knowledge of the exploration and production business will further enhance the leadership capacity of our highly qualified board. We are confident that his more than 35 years of experience in the oil and gas industry will bring great value to our world-class natural gas assets.”
“I am pleased to join the board of a company that is taking aggressive steps to address the challenges facing the industry,” Whitmire said. “I look forward to contributing as El Paso executes on its plan to focus on core businesses, reduce expenses, strengthen the balance sheet, and enhance liquidity.”
Whitmire is currently chairman of CONSOL Energy, Inc. and a member of the boards of GlobalSantaFe and the National Audubon Society. He has served as chairman and CEO of Union Texas Petroleum Holdings, Inc. from 1996 to 1998, and spent over 30 years serving Phillips Petroleum Company in various positions including executive vice president of Worldwide E&P from 1992 to 1996 and vice president of North America E&P from 1988 to 1992. He also served as a member of the Phillips Petroleum Company Board of Directors from 1994 to 1996. Whitmire graduated from New Mexico State University with a Bachelor of Science in Mechanical Engineering.
El Paso Corporation is a provider of natural gas services and the largest pipeline company in North America. The company has core businesses in production, pipelines, midstream services, and power. El Paso Corporation, rich in assets and fully integrated across the natural gas value chain, is committed to developing new supplies and technologies to deliver energy. For more information, visit www.elpaso.com .