Donald R. Chappel

Senior Vice President and Chief Financial Officer

Professional Experience

In 2015 — for the tenth time in eleven years — Don Chappel was named to Institutional Investor magazine’s Top CFO List in the Energy/Natural Gas/MLP sector. Institutional Investor surveys investment professionals across numerous industries to choose the top-performing CFOs in their respective areas. In 2014, Williams received a Platts Global Energy Award for Deal of the Year and received an International Financing Review award for Equity Deal of the Year.

Chappel joined Williams (NYSE: WMB) in April 2003 as senior vice president and chief financial officer. Chappel has also served as CFO and as a member of the Board of Directors of Williams Partners (NYSE: WPZ) since its formation in 2006. Additionally, Chappel served as a member of the Board of Directors of Access Midstream Partners (NYSE: ACMP) from 2012 through February 2015 when Access merged with Williams Partners. Chappel was a key member of the executive team that led Williams’ successful financial turnaround, repositioning and substantial growth. During his tenure as CFO, Williams’ equity valuation increased ten-fold to about $27 billion and its enterprise value increased to about $51 billion (as of November 2015). Chappel has worked closely with leaders and management of major infrastructure and private equity funds to successfully achieve mutually beneficial financial results. Chappel is strategic and focused on operational excellence, effective execution, finance and M&A to drive competitive advantages as well as superior value-creation for investors.

Key strategic initiatives and transactions led by Chappel include: restructuring of the company’s finances through strengthened capital discipline; achievement of investment-grade credit ratings; business process/IT reengineering and outsourcing; Williams’ IPO of Williams Partners and Williams Pipeline Partners; the sale of Williams’ energy marketing & trading business; drop-downs of assets to position Williams Partners as an industry-leading investment grade energy infrastructure MLP; the merger of Williams Partners and Williams Pipeline Partners; the spin-off of Williams’ former E&P business to form WPX Energy; the two-step acquisition of the general partner and substantial limited partner interests in Access Midstream Partners; the merger of Access Midstream Partners and Williams Partners; successfully resolving a major business interruption insurance claim; numerous large-scale equity and debt financings to support Williams’ rapid growth; and, repositioning Williams as a large-cap/investment-grade energy infrastructure company with a high-dividend/high-growth financial strategy.

In 2010, Chappel joined the board of directors of Supervalu (NYSE: SVU), a major grocery wholesaler and retailer with about $17 billion in annual revenue and he serves on the board’s Audit Committee as well as its Leadership Development & Compensation Committee. Chappel previously chaired SVU’s Finance Committee and served on its Nominating & Corporate Governance Committee. Supervalu successfully completed an operational and financial turnaround which involved top management changes and value-adding deals with a major private equity firm. Supervalu is currently studying a possible spin-off of one of its businesses.

Chappel’s previous experience includes serving twice in the period 1997-2000 as chief financial officer of Waste Management, Inc. Chappel is credited with successfully leading the company through a financial crisis including a significant restatement of previously issued financial statements, a related SEC investigation and litigation. Following the 1998 merger with USA Waste Services, Chappel moved into a new role as senior vice president of operations and administration, leading certain corporate functions as well as a portfolio of operations that were successfully divested. Chappel was later re-appointed as CFO by the new board during another time of crisis, which resulted from a failed merger integration and related problems. The turnaround was again successful, with Chappel laying the foundation for excellence in finance. Prior to Waste Management, Chappel served in financial leadership roles at Beatrice Companies, Inc., Esmark, Inc. and Arthur Andersen & Company.

Education

Chappel graduated from the University of Illinois with a Bachelor of Science degree in accounting.
He completed his certification as a public accountant (CPA).

Industry/Community Leadership

Chappel serves on the board of directors for Family and Children’s Services of Tulsa and The Children’s Hospital Foundation at Saint Francis.