Freeport LNG names new president

Freeport LNG

Freeport LNG has selected Sigmund “Sig” Cornelius to succeed Charles Reimer as president and COO, effective April 1, 2014.

Cornelius is the retired senior vice president of finance and CFO of ConocoPhillips, where he had a 30-year career that included over 14 years of operational P&L responsibilities covering domestic and international exploration and production operations and natural gas processing divisions. This includes serving as president of global gas, with responsibility for all worldwide LNG for ConocoPhillips. Other roles included president of the Lower 48 Exploration and Production Region; president of the Lower 48, Latin America and Midstream operations; and vice president of upstream business development.

Cornelius currently sits on the boards of Carbo Ceramics, USEC, NiSource, Parallel Energy Trust, and Western Refining. Past board seats include DCP Midstream, DCP Midstream Partners, and Chevron Phillips Chemical Co., and he also served on the board of directors for Freeport LNG from June 2004 to August 2007. Cornelius will begin with Freeport on January 1, 2014, in anticipation of his new role.

Reimer will continue to serve as a member of the board and will stay on as advisor to Freeport LNG for at least four years after the final investment decision is made in Freeport LNG Expansion’s planned Train 3, which is currently expected by the end of 2014. In his capacity as advisor, Reimer will assist in overseeing construction of the planned liquefaction facility.

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