Praxair names new board member
William A. Wise, chairman of the board, president and chief executive officer of El Paso Corporation, has been elected to the board of directors of Praxair, Inc. effective November 1, 2001.
DANBURY, Conn., Sept. 24, 2001 — William A. Wise, chairman of the board, president and chief executive officer of El Paso Corporation, has been elected to the board of directors of Praxair, Inc. effective November 1, 2001.
El Paso Energy Corporation is a global energy company with 2000 sales of $22 billion.
"We are delighted to have Bill on Praxair's board and expect that his extensive knowledge of energy markets will be a great asset as Praxair continues to develop its innovative energy-management techniques," said Dennis Reilley, chairman, president and chief executive officer of Praxair. "In addition, El Paso Energy has significant business in Brazil, which is a major market for Praxair."
The election of Wise increases the number of Praxair directors to eleven, ten of whom are outside directors. In July, Wayne T. Smith, chairman, president and CEO of Community Health Systems, Inc., was also elected to the board.
Wise, 56, has been with El Paso Corporation since 1970, serving in various assignments in the legal department before being named general counsel and senior vice president in 1983. He became chief operating officer in 1989 and was named chairman, president and chief executive officer in 1990.
Wise earned a bachelor of arts degree from Vanderbilt University and received a law degree from the University of Colorado.
He is a member of the Colorado Bar Association, the Business Roundtable and Team 100. He is a former chairman of the Interstate Natural Gas Association of America, and serves as chairman of the National Petroleum Council. He is also involved with a wide variety of business and community organizations in Texas, including serving as vice chairman of the Texas Governor's Business Council.
El Paso Energy Corporation is committed to meeting energy needs throughout the United States and the world, with operations that span the energy value chain from wellhead to electron. The company is focused on speeding the development of new energy sources to address critical energy shortages across the globe. More information on El Paso Energy Corporation is available at www.elpaso.com.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2000 sales of $5 billion.
The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. Praxair products, services and technology bring productivity and environmental benefits to a wide variety of industries, including aerospace, food and beverage, healthcare, semiconductor materials, steel, chemicals and refining, metal fabrication, water treatment, glass and others. More information on Praxair is available on the Internet at www.praxair.com.