El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N))
News Release -
El Paso Corporation Announces Resignation of Dwight Scott; Mark Leland to Become Executive Vice President and Chief Financial Officer
HOUSTON, July 18, 2005 /PRNewswire-FirstCall via COMTEX/ -- El Paso Corporation (NYSE: EP)
announced today that D. Dwight Scott, executive vice president and chief
financial officer of El Paso, has announced his intention to leave the
company. Scott is joining GSO Capital Partners LP, an investment manager
focused primarily on the leveraged finance marketplace. He will stay with
El Paso through the filing of its second quarter Form 10-Qs.
"I am exceptionally proud to have been associated with my colleagues at
El Paso over the last five years and of the progress we have made in that
period," said Scott. "I believe that El Paso has turned the corner in its
recovery and will continue on the path to prove that it is one of America's
leading energy companies."
"It has been my distinct pleasure to work along side Dwight during my
tenure with El Paso," said Doug Foshee, president and chief executive officer
of El Paso Corporation. "No single individual did more to guide this company
through some of its most difficult times than he did, and for that, all of us
at Team El Paso are grateful and wish him great success in this next exciting
chapter in his career. He will be greatly missed by everyone who has come in
contact with him."
Scott is being replaced by D. Mark Leland, who is currently executive vice
president and chief financial officer of El Paso's Production and Non-
Regulated Operations. Leland began his career with El Paso in 1986 and
advanced through the organization in various finance and accounting positions.
Prior to his current position, he served as chief financial officer of
El Paso's Midstream Group and chief operating officer of GulfTerra Energy
Partners when El Paso was the general partner of that company. Leland is a
certified management accountant, a certified internal auditor and a 1984
graduate of the University of Puget Sound.
"El Paso has a deep bench, and we are fortunate to have a person with
Mark's abilities ready to assume the CFO position," added Foshee. "Mark has a
history of excellence during his career. The board and I have every
confidence in him, and we welcome him to the Executive Committee of the
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.
SOURCE El Paso Corporation
Investor and Public Relations:
Bruce L. Connery, Vice President, 1-713-420-5855 or fax, 1-713-420-4417
Aaron Woods, Manager, 1-713-420-6828, or
Both of El Paso Corporation