ONEOK makes executive shuffle before anticipated merger with Magellan Midstream


ONEOK’s preparing for possible shareholder approval of its nearly $19 billion merger with Magellan Midstream Partners by announcing some executive officer changes.

Kevin L. Burdick will become Executive Vice President, Chief Enterprise Services Officer and Sheridan C. Swords will become
Executive Vice President, Liquids and Gathering & Processing. Each will report directly to Pierce H. Norton II, ONEOK’s President and CEO.

James R. Hoskin will become Senior Vice President, Refined Products and Crude Operations and will report directly to Norton. Hoskin, 52, has served as the Senior Vice President of Operations of Magellan since February 2023, served as Vice
President of Operations of Magellan since 2021 and prior to that, served in other various positions of increasing responsibilities in
operations and engineering and construction since joining Magellan in 2007.

Effective as of the closing of the merger, Hoskin will be eligible to participate and Burdick and Swords will continue
to participate in the executive compensation and benefits plans.

Shareholder meetings of the two firms will be held Thursday, September 21.