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Sempra Energy appoints two new directors

Published by , Deputy Editor
Hydrocarbon Engineering,

Sempra Energy has announced that Cynthia L. Walker and Michael N. Mears have been appointed to the company's board of directors.

Walker is senior vice president of marketing and midstream operations and development for Occidental Petroleum, where she also formerly served as executive vice president and chief financial officer. Mears currently is chairman, president and CEO of Magellan Midstream Partners LP. 

The appointments of Walker and Mears were mutually agreed upon by Sempra Energy's board and Elliott Management Corporation as part of the cooperation agreement announced last month. Walker and Mears will serve on the board's LNG and Business Development Committee, which, together with the board, will lead an expanded review of Sempra Energy's businesses. Along with Walker and Mears, three current independent board directors – William C. Rusnack, James C. Yardley and Alan L. Boeckmann – will serve on the committee, with Boeckmann as chair.

"Our strategic vision is to become North America's premier energy infrastructure company," said Jeffrey W. Martin, CEO of Sempra Energy. "With their considerable management experience in the energy industry, especially in the midstream sector, Cynthia Walker and Mike Mears will add critical depth and experience to our board as we continue to expand our energy infrastructure businesses. In addition, their experience evaluating and advising on significant transactions will inform their important work on the LNG and Business Development Committee as part of our expanded business review."

Walker, 42, has served in her current role with Occidental Petroleum since 2016, leading midstream operations and the company's crude oil and natural gas marketing efforts. Previously, she was senior vice president of strategy and development for Occidental, overseeing the company's business development and financial planning activities. Walker joined Occidental Petroleum in 2012 as executive vice president and chief financial officer after 12 years at Goldman, Sachs & Co., where she rose to the position of managing director. At Goldman Sachs, she provided clients with strategic advice in high-profile energy industry transactions as a senior member of the firm's Global Natural Resources Group and Mergers and Acquisitions Group. Walker holds a bachelor's degree in business administration with high honors from the University of Texas at Austin.

Mears, 55, has been chairman, president and CEO of Magellan Midstream Partners since 2011. Previously, from 2008 to 2011, he was the company's chief operating officer. Mears first joined Magellan Midstream Partners in 2002 when the company was formed and held a series of increasingly responsible management positions, including vice president of transportation and senior vice president of terminals and transportation. Before Magellan, Mears worked in a range of management positions for its predecessor company, Williams Pipeline Co., beginning in 1985. He holds a bachelor's degree in chemical and petroleum refining engineering from the Colorado School of Mines.

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