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Oct 03, 2024

Kinetik general counsel to retire

Todd Carpenter will step down next year

Todd Carpenter, general counsel and chief compliance officer of natural gas company Kinetik Holdings, will retire from the firm effective February 28, 2025.

According to Kinetik, Carpenter will continue with his current day-to-day responsibilities and help with the transition to his successor. Following his retirement, he will also continue to support the company, which has begun an internal and external search.

Kinetik says Carpenter has been general counsel since the closing of the merger between EagleClaw Midstream and Altus Midstream, the transaction that created Kinetik. Before then he had been general counsel of BCP GP.

Before joining BCP GP, he held several roles for Energy Transfer Group from April 2008 to November 2017, including associate general counsel for Energy Transfer Partners, general counsel for Regency Energy Partners and PennTex Midstream, and manager of Energy Transfer Partners’ liquefied natural gas business.

He was previously associate general counsel for Southern Union Company, senior counsel for Cooper Industries and general counsel for a private real estate and finance company in Tokyo.

Jamie Welch, Kinetik’s president and CEO, says in a statement: ‘Todd’s decision [to retire] marks the end of an exceptional and distinguished almost 40-year legal career. [He] has been a tremendous asset to the Kinetik team, and I would like to thank him for his counsel and friendship to me and his dedicated service and leadership to [the company] over the past seven years.’

Ben Maiden

Ben Maiden is the editor-at-large of Governance Intelligence, an IR Media publication, having joined the company in December 2016. He is based in New York. Ben was previously managing editor of Compliance Reporter, covering regulatory and compliance...

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