El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N))
News Release -
6-May-2005
Jeffrey I. Beason to Leave El Paso Corporation in 2006 HOUSTON, May 6 /PRNewswire-FirstCall/ -- El Paso Corporation (NYSE: EP)
announced today that Jeffrey I. Beason, senior vice president and controller,
intends to leave the company.
"Jeff has more than 26 years of exceptional service to the company, and we
appreciate his dedication and commitment to El Paso," said Doug Foshee,
president and chief executive officer of El Paso Corporation. "He has
exemplified El Paso's values during his tenure and will be missed."
El Paso will immediately begin a search for Beason's replacement. Beason
has agreed to remain with the company through the filing of the 2005 financial
statements to assist with any transition issues.
El Paso Corporation provides natural gas and related energy products in a
safe, efficient, and dependable manner. The company owns North America's
largest natural gas pipeline system and one of North America's largest
independent natural gas producers. For more information, visit
http://www.elpaso.com .
Cautionary Statement Regarding Forward-Looking Statements
This release includes forward-looking statements and projections, made in
reliance on the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. The company has made every reasonable effort to ensure
that the information and assumptions on which these statements and projections
are based are current, reasonable, and complete. However, a variety of factors
could cause actual results to differ materially from the projections,
anticipated results or other expectations expressed in this release,
including, without limitation, our ability to retain qualified members of
management; our ability to implement and achieve our objectives in the long-
range plan, including achieving our debt-reduction targets; our ability to
successfully construct and operate our announced pipeline projects; the
uncertainties associated with governmental regulation; and other factors
described in the company's (and its affiliates') Securities and Exchange
Commission filings. While the company makes these statements and projections
in good faith, neither the company nor its management can guarantee that
anticipated future results will be achieved. Reference must be made to those
filings for additional important factors that may affect actual results. The
company assumes no obligation to publicly update or revise any forward-looking
statements made herein or any other forward-looking statements made by the
company, whether as a result of new information, future events, or otherwise.
SOURCE El Paso Corporation
CONTACT:
Investor and Public Relations
Bruce L. Connery, Vice
President
1-713-420-5855, or fax, 1-713-420-4417
or
Media Relations
Aaron
Woods, Manager
1-713-420-6828, or fax, 1-713-420-6341
Both of El Paso
Corporation
Web site: http://www.elpaso.com
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