Terry K. Spencer served as the President and CEO of ONEOK, Inc. until September 30, 2021. He made significant moves during his time, particularly focused on aligning company goals with shareholder interests. Spencer's last year saw him earning around $9.3...

Terry K. Spencer served as the President and CEO of ONEOK, Inc. until September 30, 2021. He made significant moves during his time, particularly focused on aligning company goals with shareholder interests. Spencer's last year saw him earning around $9.3 million in total compensation, which included stock awards worth about $5.9 million. Notably, he received no cash bonus that year as he was transitioning into retirement. Before stepping down, he took on the advisor role to help with the leadership change smoothly. This transition was important for the company, ensuring that operations continued without disruption. Spencer was pivotal in guiding the company in critical areas like earnings per share and capital returns. He holds a Bachelor of Science degree in mechanical engineering from the University of Alabama and has built a career in engineering, including prior roles as Executive Vice President of ONEOK. Interesting to note, Spencer left with a sizable retirement package, as his stock units vested when he retired, showcasing a long career dedicated to the company. His departure was amicable, which reflects his solid standing within the organization.