El Paso Corp. CFO D. Mark Leland has been named president of the company’s newly created Midstream Group. Leland, also an executive vice president at El Paso, formerly was COO of GulfTerra Energy Partners LP, the company’s former midstream master limited partnership. “The North American natural gas industry is undergoing a period of rapid evolution, presenting new opportunities for synergies among our existing Pipeline and E&P [exploration and production] businesses and a midstream unit,” said CEO Doug Foshee. “We intend to reenter the midstream business at a measured pace.” John R. Sult, currently senior vice president and Chief Accounting Officer, was promoted to CFO of the Houston-based company. Sult is to remain CFO of the general partner for El Paso Pipeline Partners LP and will become a new member of the executive committee. Dane E. Whitehead, currently senior vice president and CFO of El Paso Exploration & Production Co., was promoted to senior vice president, Strategy and Enterprise Business Development. Whitehead, who also joins the executive committee, will be responsible for strategy and market analysis, acquisitions and divestitures, planning, investor and media relations and risk management. Susan B. Ortenstone, currently senior vice president, Human Resources and Administration, will become senior vice president and Chief Administrative Officer, where she will be responsible for all administrative service functions, including human resources, information technology, communications and community relations, and administrative services. Sult is to assume the role of CFO when El Paso files its 3Q2009 Form 10-Q. The other promotions are scheduled to take effect by year’s end.

©Copyright 2009Intelligence Press Inc. All rights reserved. The preceding news reportmay not be republished or redistributed, in whole or in part, in anyform, without prior written consent of Intelligence Press, Inc.