Cunningham to Succeed Lynn A. Peterson, Who Will
Retire from the Board at Year-End, Reducing Board Size to Nine
Members
Henke to Succeed Chip Rimer, Who Will Retire on
January 12, 2024
HOUSTON, Dec. 27,
2023 /PRNewswire/ -- Chord Energy Corporation
(NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today
announced the appointment of Susan
Cunningham as Independent Chair of Chord Energy's Board of
Directors, effective January 1, 2024.
Lynn A. Peterson is scheduled to
retire as the Executive Chair of Chord Energy's Board of Directors
on December 31, 2023, which will
reduce the Board size to nine members. The Company also announced
the appointment of Darrin Henke to Executive Vice President
and Chief Operating Officer, effective January 2, 2024. Chip Rimer, Chord's current
Executive Vice President and Chief Operating Officer, will retire
on January 12, 2024.
Board of Directors
Ms. Cunningham has served as a member of the Chord Board of
Directors since July 2022 and
currently chairs the Board's Environmental, Social, and Governance
(ESG) Committee while also serving on the Board's Compensation and
Human Resources Committee. She has more than 35 years of oil and
gas industry experience, beginning her career holding a variety of
positions at Texaco U.S.A.,
Statoil Energy, Inc., and Amoco Corporation. She went on to serve
at Noble Energy, Inc., as Senior Vice President of Gulf of Mexico, West
Africa and Frontier Ventures, and business innovation. From
2014 to 2017, Ms. Cunningham served as Executive Vice President,
EHSR and New Frontiers, for Noble. She holds a bachelor's degree in
Geology and Physical Geography from McMaster
University in Ontario,
Canada. She completed an advanced management program through
Rice University's Office of Executive
Development as well. Ms. Cunningham also serves as a board member
at Enbridge, one of the largest midstream companies in North America.
"Susan is an accomplished leader with extensive experience in
the energy industry, E&P operations, Environmental Health and
Safety, and Sustainability," said Lynn A.
Peterson, retiring Executive Chair for Chord Energy. "I am
confident that Susan, with her proven track record, will continue
to help guide Chord in the evolving energy landscape. The entire
Board looks forward to working closely with her as Chair to
strategically position Chord for continued success."
Susan Cunningham, incoming Board
Chair for Chord Energy, remarked, "I'm honored to serve as
Independent Chair of Chord Energy's Board of Directors and am
excited to work with the other directors and company management to
continue delivering value for Chord's shareholders. On behalf
of the Board, I would also like to thank Lynn for his outstanding
leadership and commitment to Chord. Lynn was a pioneer in the shale
revolution and helped transform the Williston into one of the
premier U.S. energy basins. The Board and Chord Energy have
benefited from Lynn's decades of industry leadership and
contributions which have put the company in a strong position for
continued success."
Executive Leadership
Mr. Henke has over 30 years of upstream oil and gas experience.
He has held numerous leadership roles with multiple entities
including Gary Permian & Gary Petroleum Partners, LLC, Encana
Corp, and Burlington Resources. Mr. Henke was most recently
President and CEO of Ranger Oil Corporation, which was acquired by
Baytex Energy earlier this year. He holds a Bachelor of Science in
Mechanical Engineering from Texas Tech.
Mr. Henke also completed an advanced management program through
Duke University's Fuqua School of Business.
"We are excited to welcome Darrin to Chord's executive
leadership team," said Danny Brown,
President and CEO of Chord Energy. "He is a proven leader who will
continue our focus on safe and efficient operations while
delivering competitive returns. Darrin's track record of
operational excellence, strong financial results and cultural
collaboration makes him a great fit with the Chord team."
Mr. Brown continued, "On behalf of Chord Energy, I'd also like
to extend our gratitude and best wishes to Chip and his family.
Chip is a tremendous leader who has devoted over 40 years to the
industry. Chord has greatly benefited from his operational
experience, safety-first mindset and commercial acumen."
Additional information about the Company and its governance
practices is available at www.chordenergy.com and in Chord's
annual proxy statement.
About Chord Energy
Chord Energy Corporation is an independent exploration and
production company with quality and sustainable long-lived assets
in the Williston Basin. The Company is uniquely positioned with a
best-in-class balance sheet and is focused on rigorous capital
discipline and generating free cash flow by operating efficiently,
safely and responsibly to develop its unconventional onshore
oil-rich resources in the continental United States. For more information, please
visit the Company's website at www.chordenergy.com.
Contact:
Chord Energy Corporation
Danny Brown, President and Chief
Executive Officer
Michael Lou, Executive Vice
President and Chief Financial Officer
Bob Bakanauskas, Managing Director,
Investor Relations
(281) 404-9600
ir@chordenergy.com
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SOURCE Chord Energy Corp.
