(Reuters) Pipeline operator Williams Cos Inc said on Monday it added two new directors, prompting activist investor Corvex Management LP to withdraw plans to replace the company’s entire board.The company named Stephen Chazen, former chief executive of Occidental Petroleum Corp, and Peter Ragauss, former chief financial officer of Baker Hughes Inc, to its board.
Williams said it expects to name two new independent directors by the annual shareholders’ meeting and that three directors, who served prior to 2016, will not stand for re-election.
