[ad_1]
HOUSTON–(BUSINESS WIRE)–SilverBow Sources, Inc. (NYSE: SBOW) (“SilverBow” or “the Firm”) introduced at this time the appointments of Jennifer M. Grigsby and Kathleen McAllister to the SilverBow Board of Administrators (the “Board”) efficient instantly. Ms. Grigsby and Ms. McAllister be part of the Board as unbiased administrators following a complete search course of, performed with the help of a nationally acknowledged search agency, to enhance the Board’s current credentials and {qualifications}.
Ms. Grigsby, a seasoned government with expertise in accounting, danger administration, company governance and finance, primarily within the oil and gasoline exploration and manufacturing business, served because the Secretary of Financial Administration for the State of Oklahoma, from March 2021 by November 2022. Previous to this function, Ms. Grigsby served as Govt Vice President and Chief Monetary Officer of Ascent Sources, LLC from 2015 till 2020 and in numerous roles at Chesapeake Power Company. She additionally at the moment serves as an unbiased director for CrossFirst Bankshares, Inc., Cetarus Ltd. and CompSource Mutual Insurance coverage Firm.
Ms. McAllister is an skilled public firm government and director with operational and monetary experience at corporations within the vitality worth chain. She most not too long ago served as President, Chief Govt Officer and Chief Monetary Officer of Transocean Companions LLC from 2014 by the merger of Transocean Companions LLC with Transocean Ltd. in 2016. She additionally at the moment serves as an unbiased director for The Metals Firm, Black Hills Company and Höegh LNG Companions LP.
Marcus C. Rowland, Unbiased Chairman of the Board, commented, “We’re delighted to have Jennifer and Kathleen, two confirmed leaders and skilled administrators within the oil and gasoline business, be part of the Board. Every has a protracted historical past of enhancing the efficiency of main public corporations as administrators and executives. Their perception, information and dedication can be invaluable to SilverBow’s future progress and profitable improvement.”
Michael Duginski, Chair of the Board’s Nominating and Technique Committee, commented, “We undertook an in depth technique of figuring out, vetting, and evaluating director candidates. Jennifer’s and Kathleen’s observe information of board management, together with managing organizations to attain profitable outcomes, will serve SilverBow and its stakeholders nicely within the years to return.”
In reference to these appointments, the Board elevated its dimension from seven to 9 administrators, eight of whom are unbiased administrators. Collectively, the administrators have broad operational and monetary expertise within the oil and gasoline business, together with well being, security and environmental affairs, regulatory affairs, environmental stewardship, danger administration, capital markets, mergers and acquisitions, commodity hedging and accounting.
ABOUT JENNIFER GRIGSBY
Ms. Grigsby has over 30 years of progressive senior administration expertise in accounting, treasury, danger administration, company governance, and company finance, primarily within the oil and gasoline exploration and manufacturing business. Most not too long ago, Ms. Grigsby served as Secretary of Financial Administration for the State of Oklahoma, from March 2021 by November 2022. On this function, Ms. Grigsby oversaw greater than 20 state businesses together with the Oklahoma Employment Safety Fee, the Workplace of the State Treasurer, the Oklahoma Tax Fee, the Lottery Fee and the State’s Pension and Retirement Programs. Previous to this function, Ms. Grigsby served as Govt Vice President and Chief Monetary Officer of Ascent Sources, LLC, an oil and gasoline exploration and manufacturing firm positioned in Oklahoma Metropolis, Oklahoma, from 2015 till 2020. Ms. Grigsby beforehand served as CFO of American Power – Woodford, LLC and CEO and CFO of American Power Minerals, LLC from February 2015 to July 2015. Previous to her roles at American Power, Ms. Grigsby spent nearly 19 years with Chesapeake Power Company (NYSE: CHK) and served in numerous government roles, together with Senior Vice President, Treasurer and Company Secretary and Senior Vice President – Company and Strategic Planning. Ms. Grigsby can be a principal and co-founder of Amethyst Investments, LLC, a passive monetary funding firm in Oklahoma Metropolis, Oklahoma. Ms. Grigsby at the moment serves on the board of administrators and audit committee of every of CrossFirst Bankshares, Inc. (NASDAQ: CFB) in addition to Cetarus Ltd. and on the board of administrators and funding committee of CompSource Mutual Insurance coverage Firm. Ms. Grigsby serves as rapid previous chair of the board of administrators of the YMCA of Higher Oklahoma Metropolis and on the board of administrators of the Oklahoma Corridor of Fame and the United Manner of Central Oklahoma. Ms. Grigsby holds a BS diploma in Accounting from Oklahoma State College and an MBA from Oklahoma Metropolis College. Ms. Grigsby is a Licensed Public Accountant and Chartered World Administration Accountant and is a member of the Oklahoma Society of Licensed Public Accountants and the American Institute of Licensed Public Accountants. Ms. Grigsby can be Nationwide Affiliation of Company Administrators (NACD) Directorship LicensedTM.
ABOUT KATHLEEN MCALLISTER
Ms. McAllister is a seasoned public firm government and director who has held numerous management roles in international, capital-intensive corporations within the vitality worth chain. Most not too long ago, Ms. McAllister served as President, Chief Govt Officer, and Director of Transocean Companions LLC (NYSE: RIGP) from 2014 to 2016 and as Chief Monetary Officer in 2016. From 2011 to 2014, Ms. McAllister served as Vice President and Treasurer of Transocean Ltd. (NYSE and SIX: RIG) and led the preliminary public providing of Transocean Companions in 2014 after holding roles of accelerating accountability in company and operations, finance, treasury, accounting and tax with Transocean Ltd. Ms. McAllister started her profession at Deloitte & Touche LLP and served in numerous finance, treasury, accounting and tax roles at Baker Hughes Firm (NASDAQ: BKR), Helix Power Options Group, Inc. (NYSE: HLX) and Veritas DGC Inc. (NYSE and TSX: VTS) previous to becoming a member of Transocean. Ms. McAllister at the moment serves as an unbiased director and audit committee chair for The Metals Firm (NASDAQ: TMC), an unbiased director and audit committee member of Black Hills Company (NYSE: BKH), and an unbiased director, audit committee member and conflicts committee member of Höegh LNG Companions LP. (personal, previously NYSE: HMLP). Ms. McAllister serves on the Nationwide Affiliation of Company Administrators (NACD) Texas TriCities Chapter Board, for the College of Houston-Clear Lake Faculty of Enterprise Dean’s Advisory Council and on the Board of Assist to Victims of Home Abuse. Ms. McAllister holds a BS diploma in Accounting from the College of Houston-Clear Lake.
ABOUT SILVERBOW RESOURCES, INC.
SilverBow Sources, Inc. (NYSE: SBOW) is a Houston-based vitality firm actively engaged within the exploration, improvement, and manufacturing of oil and gasoline within the Eagle Ford Shale and Austin Chalk in South Texas. With over 30 years of historical past working in South Texas, the Firm possesses a major understanding of regional reservoirs which it leverages to assemble top quality drilling stock whereas constantly enhancing its operations to maximise returns on capital invested. For extra data, please go to www.sbow.com. Info on the Firm’s web site shouldn’t be a part of this launch.
FORWARD-LOOKING STATEMENTS
This launch contains “forward-looking statements” inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended. These forward-looking statements characterize administration’s expectations or beliefs regarding future occasions, and it’s doable that the outcomes described on this launch won’t be achieved. These forward-looking statements are based mostly on present expectations and assumptions and are topic to plenty of dangers and uncertainties, a lot of that are past our management. Essential components that would trigger precise outcomes to vary materially from our expectations embody, however usually are not restricted to, dangers and uncertainties mentioned within the Firm’s experiences filed with the U.S. Securities and Alternate Fee, together with in its Annual Report on Type 10-Okay for the yr ended December 31, 2021, and subsequent quarterly experiences on Type 10-Q and present experiences on Type 8-Okay. All forward-looking statements communicate solely as of the date of this information launch. You shouldn’t place undue reliance on these forward-looking statements.
[ad_2]
Source_link
