Kinetik (KNTK) has released an update to notify the public and investors about its officers.
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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.
For further insights into KNTK corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.
