Laredo Petroleum Announces Leadership Changes
April 02 2019 - 4:30PM
Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or "the Company")
today announced the retirement of Dan C. Schooley, Senior Vice
President - Midstream, Marketing & Subsurface and Kenneth E.
Dornblaser, Senior Vice President - Legal & Administration.
Concurrently, the Company's Board of Directors has appointed Mark
D. Denny as Senior Vice President and General Counsel &
Secretary, effective immediately.
"The promotion of Mark to a senior leadership position is
another step in a continuing succession planning process that began
with Karen Chandler's promotion to Chief Operating Officer late
last year," stated Randy A. Foutch, Chairman and Chief Executive
Officer. "Both Karen and Mark have accepted increasing levels of
responsibility during their tenure with Laredo and I am excited to
have them leading the Company as we transition our strategy from
focusing on net asset value accretion to increasing returns and
generating growth within cash flow."
"It is hard to express the amount of respect and appreciation we
have for the contributions of Dan and Ken to the growth of Laredo,"
continued Mr. Foutch. "Both applied the expertise they earned
through many years in the oil and gas industry to help guide the
Company through the early years of the oil shale revolution and
horizontal drilling in the Permian Basin. We wish them all the best
in their well-earned retirement."
Mr. Denny began his career in 2006, practicing corporate law at
international law firms Vinson & Elkins and Fried Frank. Prior
to joining Laredo, Mr. Denny worked as in-house counsel for Seahawk
Drilling, Inc. He joined Laredo in 2013 and most recently served as
Vice President & General Counsel. Mr. Denny graduated from
Vanderbilt University with a Bachelor of Science in Economics and
Political Science and received his Juris Doctorate degree from the
Georgetown University Law Center.
About Laredo
Laredo Petroleum, Inc. is an independent energy company with
headquarters in Tulsa, Oklahoma. Laredo’s business strategy is
focused on the acquisition, exploration and development of oil and
natural gas properties and the gathering of oil and liquids-rich
natural gas from such properties, primarily in the Permian Basin of
West Texas.
Additional information about Laredo may be found on its website
at www.laredopetro.com.
Contacts:Ron Hagood: (918) 858-5504 -
RHagood@laredopetro.com
Laredo Petroleum (NYSE:LPI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Laredo Petroleum (NYSE:LPI)
Historical Stock Chart
From Sep 2023 to Sep 2024