- Piping and heat exchangers associated with the propylene fractionator
- Significant portions of the electrical power cable and control wiring in the plant
- Support structures and piping impacted by the incident
The new directors all have experience leading large publicly traded companies, which Corvex Management had criticized Williams for lacking.
Williams Cos. (WMB) announced Monday that it had selected three new directors to its board after activist investor Keith Meister attempted to replace all 10.
Board changes at Williams Companies should be good for the stock, according to Jim Cramer.
The nominees will serve as placeholders until the activist hedge fund identifies actual candidates for the proxy contest, which Williams criticized as distracting and costly.