Kinder Morgan announced Dec. 14 that Fayez Sarofim will retire from its board of directors effective Dec. 31. Sarofim has served on the company’s board of directors since 1999.
“Fayez has been a long-standing member of the board, and we appreciate his valuable guidance and advice during his 21 years of service,” said Kinder Morgan executive chairman Rich Kinder. “He has always provided thoughtful and wise suggestions for the betterment of the company. We wish him all the best in his retirement.”
At this time, Kinder Morgan’s board does not anticipate appointing a successor to Sarofim.
“I have enjoyed working with Rich, the board and the management team during my time serving on the board of directors,” said Sarofim. “KMI has grown substantially during that period, and I am confident it will continue to be successful in the future.”
Sarofim was born in 1928 in Cairo, Egypt. He came to the United States in 1946 and became a naturalized American citizen in 1961. He received his bachelor’s degree from the University of California Berkeley and a master’s degree in business administration from Harvard Business School.
In August 1958, Sarofim founded the investment firm Fayez Sarofim & Co., in Houston, Texas. He is an active philanthropist in the community and a significant contributor to the Museum of Fine Arts, Houston, with the MFAH’s extensive collections and exhibitions presented primarily at three main gallery buildings on the Susan and Fayez S. Sarofim Campus. This addition to the museum allowed the entire community greater access to galleries featuring a wide variety of collections and exhibits. He also provides support to the Houston Ballet, Memorial Sloan-Kettering Cancer Center, Texas Children’s Hospital, University of Texas Health Science Center and Houston Grand Opera, to name a few.