Denbury Resources Announces Appointment of New Board Member
March 28 2019 - 6:30AM
Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”)
today announced the appointment of Mary M. VanDeWeghe to its Board
of Directors (“Board”) on March 27, 2019. Ms. VanDeWeghe has
been appointed to the Audit Committee and Reserves and Health,
Safety and Environmental Committee of the Board.
Ms. VanDeWeghe has served as the President and
Chief Executive Officer of Forte Consulting, Inc., a management and
financial consulting firm, since March 2009, and was previously
employed as a Finance Professor at Georgetown University from
2009-2016, Senior Vice President – Finance at Lockheed Martin
Corporation from 2006-2009, a Finance Professor at the University
of Maryland from 1996-2006, and in various positions at J.P. Morgan
from 1983-1996. Ms. VanDeWeghe currently serves on the board
of directors of Principal Funds, Inc., a global asset management
organization. She previously has served on the boards of directors
for Brown Advisory from 2003-2018, B/E Aerospace, Inc. from
2014-2017, W.P. Carey Inc. from 2014-2017, and Nalco Holding
Company (and its successor Ecolab Inc.) from 2009-2014. Ms.
VanDeWeghe has a Bachelor’s degree in Economics from Smith College,
where she graduated Phi Beta Kappa, and received a Masters of
Business Administration degree from the Amos Tuck School of
Business at Dartmouth College, where she was a Tuck Scholar. Ms.
VanDeWeghe has more than 35 years of experience developing and
executing strategies to maximize shareholder value. Her areas of
expertise include strategic planning, mergers & acquisitions,
capital markets, risk management, project financing, venture
capital, investment management, corporate governance and investor
relations.
Also announced today, Laura A. Sugg notified the
Board that she will not stand for re-election to the Board at the
Company’s upcoming annual meeting of stockholders to be held May
22, 2019. Ms. Sugg has been a member of the Board since 2012,
currently serving as the Chairperson of the Compensation
Committee.
John Dielwart, Chairman of the Board, said, “I
am very pleased to announce the appointment of Meg to our
Board. She will be an outstanding addition to our Board,
bringing diverse experience and accomplishments that will nicely
complement the Board’s skill set. I look forward to the
leadership and perspectives that Meg will bring to the Board as we
continue to grow and execute our strategy.
“On behalf of the entire Board and Denbury
management team, I would like to thank Laura for her service on the
Board over the past seven years. Her experience, leadership
and knowledge of the industry have been invaluable.”
Denbury is an independent oil and natural gas
company with operations focused in two key operating areas: the
Gulf Coast and Rocky Mountain regions. The Company’s goal is to
increase the value of its properties through a combination of
exploitation, drilling and proven engineering extraction practices,
with the most significant emphasis relating to CO2 enhanced oil
recovery operations. For more information about Denbury,
please visit www.denbury.com.
DENBURY CONTACTS:
Mark C. Allen, Executive Vice President and Chief Financial Officer, 972.673.2000
John Mayer, Director of Investor Relations, 972.673.2383
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