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Magellan Midstream CEO, Occidental Petroleum senior VP join Sempra board

Sempra Energy on Oct. 12 named two well-known midstream executives, Michael Mears and Cynthia Walker, to its board of directors, as part of its cooperation deal with activist investor Elliott Management Corp.

Mears is chairman, president and CEO of Magellan Midstream Partners LP, while Walker is senior vice president of marketing and midstream operations and development for Occidental Petroleum Corp., according to a news release.

Both will serve on the board's LNG and business development committee. "[T]heir experience evaluating and advising on significant transactions will inform their important work on the LNG and Business Development Committee as part of our expanded business review," Sempra Energy CEO Jeffrey Martin said.