Centennial Resource Development, Inc. Appoints Vidisha Prasad to its Board of Directors Following the Retirement of Karl Bandtel
July 22 2021 - 4:05PM
Centennial Resource Development, Inc. (“Centennial” or the
“Company”) (NASDAQ: CDEV) today announced that Vidisha Prasad has
been appointed to its Board of Directors, effective immediately.
Ms. Prasad will serve as a member of the Audit Committee and
Nominating, Environmental, Social and Governance Committee.
Additionally, Karl Bandtel announced his retirement from the Board,
also effective today.
“We are very excited to welcome Vidisha to our
Board of Directors,” said Steven Shapiro, Chairman of the Board.
“Vidisha’s extensive oil and gas experience coupled with her
strategic advisory and capital markets expertise will be a valuable
asset to Centennial and our shareholders.”
Ms. Prasad is the Managing Partner of Adya
Partners, a multi-strategy investment and advisory firm focused on
private secondary investments, early-stage venture capital and
strategic advisory in the energy, energy transition and technology
sectors. Ms. Prasad brings nearly two decades of experience in
energy investments, strategic and Board advisory, corporate
mergers, asset acquisitions and divestitures, capital markets and
restructuring. She has been involved in the execution and
origination of more than $80 billion of domestic and cross-border
M&A advisory, leveraged buyouts and capital raising
transactions across the US, Europe and Asia. Prior to founding Adya
Partners, Ms. Prasad was a founding member of Guggenheim
Securities’ Energy Investment Banking practice. Prior to that, she
was a member of Citi’s Global Energy Investment Banking Group. Ms.
Prasad serves on the Energy 2.0 Committee of the Greater Houston
Partnership and the Transportation Implementation Committee of the
Houston Climate Action Plan. She also serves on the Board of the
Grammy® award winning Houston Chamber Choir, where she chairs the
Development Committee. She graduated with a Bachelor of Arts in
Economics from the University of Rochester.
“In addition, on behalf of the Centennial Board,
the Company and all of its employees, I’d like to thank Karl for
his dedicated and insightful service to Centennial since the
Company first became public in 2016. His guidance and
thoughtfulness have been instrumental in helping to navigate the
Company since our public debut. We will miss him and wish him the
very best in the future,” said Mr. Shapiro.
About Centennial Resource Development,
Inc.
Centennial Resource Development, Inc. is an
independent oil and natural gas company focused on the development
of oil and associated liquids-rich natural gas reserves in the
Permian Basin. The Company’s assets and operations, which are held
and conducted through Centennial Resource Production, LLC, are
concentrated in the Delaware Basin, a sub-basin of the Permian
Basin. For additional information about the Company, please visit
www.cdevinc.com.
Contact:
Hays MabryDirector, Investor Relations(832)
240-3265ir@cdevinc.com
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