"We are very pleased to welcome Tom Hix and Bill Joyce to El Paso's board of directors," said Doug Foshee, El Paso's president and chief executive officer. "Both of these individuals are independent, have significant energy- related experience, and their election increases the depth and breadth of El Paso's board of directors. Tom brings more than 20 years of financial experience to the board of directors, and Bill more than three decades of leadership with various global corporations. Their insights will be very valuable as we work to restore El Paso's position in the natural gas industry."
Messrs. J. Carleton MacNeil and Malcolm Wallop will not stand for re- election at the 2004 annual shareholder meeting later this year, which will reduce the number of directors to 12. Of the two directors not standing for re-election, Foshee said, "These gentlemen have served El Paso Corporation through some very challenging periods in the company's history, and we appreciate their commitment and service to the board."
In addition to Messrs. Hix and Joyce, El Paso's other 10 nominees are:
-- John M. Bissell - Chairman of the Board, BISSELL Inc.
-- Juan Carlos Braniff - Business Consultant; Former Vice Chairman, Grupo Financiero BBVA Bancomer
-- James L. Dunlap - Business Consultant; Former Vice Chairman, President, and Chief Operating Officer of Ocean Energy/United Meridian Corporation
-- Douglas L. Foshee - President and Chief Executive Officer, El Paso Corporation
-- Robert W. Goldman - Business Consultant; Former Senior Vice President, Finance and Chief Financial Officer of Conoco Inc. -- Anthony W. Hall, Jr. - Chief Administrative Officer, City of Houston, Texas
-- Ronald L. Kuehn, Jr. - Non-Executive Chairman of the Board, El Paso Corporation
-- J. Michael Talbert - Chairman of the Board, Transocean Inc.
-- John Whitmire - Chairman of the Board, CONSOL Energy, Inc.
-- Joe B. Wyatt - Chancellor Emeritus, Vanderbilt University
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