Western Midstream Partners (WES) said Monday Oscar K. Brown was appointed as president and chief executive officer of the company's general partner, Western Midstream Holdings, starting immediately.

Brown succeeded Michael Ure, who agreed to step down, but will serve as advisor to the CEO until the end of the year to ensure smooth transition, the partnership said. Prior to his appointment, Brown was as an independent director of the general partner.

The partnership at the same time reaffirmed its 2024 guidance for adjusted EBITDA of $2.2 billion to $2.4 billion and free cash flow of $1.05 billion to $1.25 billion, but expects results will be near the high end of the ranges.

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