Kinder Morgan Inc, the top U.S. pipeline company, on Wednesday said co-founder Rich Kinder will step down as chief executive this summer. He will be replaced by Steve Kean, who has been groomed to take the top job. Kinder will become executive chairman when Kean takes over on June 1, the company said in a news release.
Kinder Morgan, Inc. (KMI) owns and manages a diversified portfolio of energy transportation and storage assets. Shares of KMI traded higher by 0.43% or $0.18/share to $42.00. In the past year, the shares have traded as low as $30.81 and as high as $43.18. On average, 24877600 shares of KMI exchange hands on a given day and today's volume is recorded at 10535173.
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