DENVER, Sept. 6,
2022 /CNW/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV)
("Ovintiv" or the "Company") today announced that Ralph Izzo has been named as an independent
member of its Board of Directors, effective September 6, 2022, and that Bruce Waterman will retire from the Board of
Directors effective December 31,
2022.
Mr. Izzo, 64, currently serves as the Executive Chair of Public
Service Enterprise Group Incorporated ("PSEG"), having recently
retired as their Chair, President and CEO. PSEG is a publicly
traded diversified energy holding company, founded in 1903 and has
a long history of providing infrastructure to access safe,
affordable, reliable, and cleaner energy to customers in
New Jersey and Long Island. Since joining PSEG in 1992,
Mr. Izzo has held several significant executive positions within
the PSEG family of companies. Mr. Izzo also serves on the Board of
Directors of the Bank of New York Mellon.
Mr. Izzo is a member of the U.S. Department of Energy's Fusion
Energy Sciences Advisory Committee and the former chair of the
Nuclear Energy Institute. He is also on the Board of
Directors for the Edison Electric Institute, Nuclear Electric
Insurance Limited, the New Jersey Chamber of Commerce,
the Liberty Science Center and the New Jersey Performing Arts
Center. Mr. Izzo is on the advisory board for
the University of Pennsylvania's School of Engineering and
Applied Sciences Mechanical Engineering and Applied Mechanics
Department, a member of the Board of Trustees of the Peddie School
and Princeton University's Andlinger Center for Energy
and the Environment Advisory Council, as well as a member of the
Visiting Committee for the Department of Nuclear Engineering
at Massachusetts Institute of Technology, the Columbia
University School of Engineering Board of Visitors, and of the
CEO Action for Diversity and Inclusion. In addition, he is a former
chair of the Rutgers University Board of Governors and
the New Jersey Chamber of Commerce.
Mr. Izzo received his Bachelor of Science and Master of Science
degrees in mechanical engineering and his Doctor of Philosophy
degree in applied physics from Columbia
University. He also received a Master of Business
Administration degree, with a concentration in finance, from the
Rutgers Graduate School of Management.
"We are excited that Ralph is joining our Board. His significant
senior leadership experience in operations, strategic planning,
finance, risk management, environmental stewardship, and diversity
leadership will enhance the board's strengths," said Ovintiv's
Chair Peter Dea. "Mr. Izzo is a
well-known leader within the utility industry, as well as the
national energy policy arena and represents our ongoing Board
refreshment process as our third new Director in the past
18-months."
Mr. Waterman joined the board in 2010 and served on various
committees over his tenure including Audit Committee Chair from
2017 until 2022. Mr. Waterman's wealth of finance, energy industry
and government relations experience benefited the Company
immensely. "On behalf of the Board and leadership team, I would
like to thank Bruce for his many contributions and wise counsel
over the last 12 years," said Mr. Dea. Brendan McCracken, Ovintiv's President and CEO
noted "the Company is grateful for Mr. Waterman's years of service
and dedication and we wish him well in retirement."
Further information on Ovintiv Inc. is available on the
Company's website, www.ovintiv.com, or by contacting:
Investor
contact:
(888)
525-0304
|
Media
contact:
(403)
645-2252
|
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SOURCE Ovintiv Inc.