Williams chairman leaves company

TULSA, Okla. — Quick Facts:

  • Chairman Frank MacInnis resigned from Williams Companies on Friday
  • Six board members left the company Thursday
  • ETE canceled a planned merger with Williams on Tuesday

The chairman of Williams Companies stepped down the day after six board members resigned.

Frank MacInnis said he decided to leave the company for person reasons.

Green Country economists are confident that Williams can replace the empty board seats in a timely manner.

The six board members left after a failed attempt to oust CEO Alan Armstrong.

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Williams Coverage:

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It’s been a tumultuous year for Williams. They were purchased by Energy Transfer Equity last fall for more than $32 million and since then a judge ruled ETE could terminate the planned merger.

TIMELINE: Williams - ETE Drama

ETE made the decision to end the agreement late Tuesday night.

FOX23 will continue to follow this story and update it as more develops.

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