Kinetik Appoints Michael A. Kumar as New Director

Kinetik (KNTK) has released an update to notify the public and investors about its officers.

Ronald Schweizer has stepped down from Kinetik Holdings Inc.’s Board of Directors without citing any disputes regarding the company’s operations. Following his immediate resignation, Buzzard Midstream LLC’s right, under a prior agreement, allowed them to appoint Michael A. Kumar as his successor. Kumar, who will not be compensated for his role, also agreed to a standard indemnification agreement, protecting him against potential liabilities linked to his board service.

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For a comprehensive understanding of the announcement, you can read the full document here.