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Midstream energy company Kinder Morgan Inc. (KMI) has promoted CFO Kimberly Dang as President, along with several other management changes.

Steven Kean will remain as the CEO, while Richard Kinder will continue as executive chairman, according to the company's statement.

Dang joined Kinder Morgan in 2001 and has served as CFO since 2005. She joined the Office of the Chairman in 2014 and was elected to the company's board of directors in January 2017. Her latest appointment comes on the heals of other energy companies — Shell Oil Co. and BP America — naming female presidents, as well.

"Kim's promotion to president signifies her growing role in the company's strategic and policy decisions, day-to-day management, and capital allocation decisions," the press release states. "Her new role is also a key part of the company's succession planning."

The company has also appointed Dax Sanders as Executive Vice President and Chief Strategy Officer, David Michels as Vice President and Chief Financial Officer, and Anthony Ashley as Treasurer and Vice President of Investor Relations.

Kinder Morgan also boosted its cash dividend by 60 percent to $0.20 per share, which is payable on May 15, 2018, to common stockholders as of April 30, 2018.

KMI reported first quarter profit of $485 million, up from $401 million last year.

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